Hong Kong Service Package for Tech Companies
As an international financial hub, Hong Kong is stepping up to become a leading international innovation and technology hub, reinventing its new industrial profile in smart production, artificial intelligence, robotics, big data, and the internet of things.
Due to Hong Kong’s strategic role in the Guangdong-Hong Kong-Macao Greater Bay Area (GBA), the city is strengthening its incubation and financial support and facilities for local and overseas start-ups.
Tailored for Start-up Businesses
Setting up and operating
a Private Limited Company in Hong Kong
a Private Limited Company in Hong Kong
While our future relies on innovation and new business models, it is equally important for business advisory firms like CW to learn how to support startups to grow in a healthy and compliant manner.
Starting up
Setting up a Private Limited Company
- Preparing and filing of documents for the appointment of first directors and secretary and, if necessary, allotment of company shares
- Applying on your behalf for the business registration certificate of the company
- Acting as a named designated representative of Significant Controllers Register
Opening a business account
- Prepare KYC (“Know Your Client”) and application documents
- Complete the Account Application Form
- Respond to questions regarding the account opening during the application process
- Arrange and attend an online interview and product demonstration session
- Gather all the submitted information, correspondence, and account details and return them to the Company after the Account is opened
Click here to find out why it may be difficult to open a business bank account in Hong Kong nowadays.
Accounting system set up in Xero
- Chart of accounts, branded quotation, invoice, and receipt template
- Issue logins for you and your team
- Payroll set up, Multi-currency set-up
- Bank feeds set-up
- Xero online training video materials + 3 hours Xero support
Ongoing Support
Provision of named secretary plus filing of annual return and updating statutory records
- Acting as named company secretary
- Preparing and filing the annual return, the minutes of the annual general meeting
- Updating your company statutory records (Statutory records include Register of Directors, Register of Members, and Register of Company Secretaries only*)
- Handling Companies Registry’s correspondence
- Attending Business Registration matters
*With the introduction of the New Inspection Regime, we will help keep your sensitive personal data shielded from public view.
Provision of registered office address
- A registered address to be filled with the Companies Registry of Hong Kong
- Notification of arrival of government correspondence
- Display on the electronic signboard
Acting as a named designated representative of Significant Controllers Register (SCR)
- Identify the company’s significant controllers
- Obtaining the required information from the Significant Controllers
- Entering the required particulars of the significant controllers in the SCR
- Keeping the required particulars in the SCR up-to-date
- Being appointed as a Hong Kong-based designated representative to act as a contact point for law enforcement officers
- Making the SCR available for inspection and taking of copies by a law enforcement officer
Business letters handling
- Send email notices to you on the arrival of letters (including bank letters)
- Upon your request, scan the letters and email them to your email address, or forward the letters to your dedicated address by post or courier
- Securely discard the letters after 3 months
Virtual CFO Services
- Monthly financial performance review
- Financial process review & recommendations
- Annual budget setting & budget vs actuals reporting
- Financial and non-financial KPI tracking
Financial Auditing
- Conduct annual audits in accordance with Hong Kong Financial Reporting Standards (HKFRSs) or International Financial Reporting Standards (IFRSs)
Tax Filing
- Filing of Profits Tax Return
- Filing of Employer’s Return
Incubation Support
Incubation Programme of Hong Kong Science and Technology Park (HKSTP)
The Incubation Programme (“Incubation”) is a 3-year programme provided by Hong Kong Science and Technology Parks Corporation (HKSTPC). It aims to support the growth and development of technology start-ups in Hong Kong. In applying for the Incubation Programme, a 3-Year Business Proposal must be submitted along with the application form. We can assist in preparing the said business proposal in the following aspects:
- Provide general consultation support on how to prepare the business proposal
- Assist in doing market research in Hong Kong to understand the market size and competitive positioning
- Sales and marketing planning
- Financial planning
Government Funding Schemes
- Application for subsidy under the Trade and Industry Department SME Export Marketing Fund
- Application for subsidy under the Dedicated Fund on Branding, Upgrading and Domestic Sales
- Application for subsidy under the Technology Voucher Programme
- Application for funding schemes in the Shenzhen-Hong Kong Innovation and Technology Co-operation Zone
