Articles

  • Welcome to the LCCS blog! https://www.youtube.com/watch?v=-BFHdYxBloY LCCS is the first and only fully online Low Cost Corporate Services provider in HK. Our platform is a very user-friendly website supporting company formation and providing virtual hosting (registered address), as well as company secretarial services to maintain Hong Kong limited companies statutory records properly, following Hong Kong laws and regulations. LCCS also offers accounting solutions through another ...
  • UPDATE: Reporting Your Company’s Business Nature in Hong Kong As you may or may not already know you have to report your business nature when setting up a Hong Kong company. Because it appears on the Business Registration Certificate, you’re given a limit of 60 characters (including spaces!) to describe what you do. Inevitably it means you have to keep it short and sweet. In ...
  • Top 10 Reasons to Setup a Company in Hong Kong 1. Located in the heart of Asia, Hong Kong is well located to access China and other countries in the region. 2. Setting up a business in Hong Kong is quick; incorporation can be completed within a week. 3. 100% ownership by a foreigner is permitted; there are no restrictions as to the nationality of the owner. 4. ...
  • Setting Up A Non Profit Organization In Hong Kong Our post How Can You Structure Your Business in HK? Covered the most common types of business organization in Hong Kong for commercial undertakings. But what if you need a company for non-profit making purposes? For a non-profit entity, the most common choice is a Hong Kong company limited by guarantee. Common Purposes for a Company ...
  • From Sole Proprietorship to Hong Kong Company So, you started off with a sole proprietorship, and now you’re thinking of taking the leap to setting up a fully-fledged Hong Kong company. Before you embark on this exciting new step in your entrepreneurial journey, there are a couple of things you need to know. You Can’t ‘Convert’ Your Sole Proprietorship into a Hong Kong ...
  • New Company vs. Shelf Company Ever wondered what the difference is between setting up a new company versus buying a shelf company? Well all your questions are about to get answered. Just check out our latest graphic comparing both options so you can decide which one is really for you. Ready to take the next step? OR
  • Do I Still Need To Meet Basic Requirements If My Company Is Not Operating, Dormant or Deregistering? We are often approached by entrepreneurs who have set up their HK limited company, but it has been a while, perhaps even years, and they have not commenced any business yet. Usually, the following misconceptions arise out of this situation, the owner might think: “My company is ‘dormant’ so I do not need to comply with ...
  • Getting Your Documents Notarized, Apostilled and/or Legalized in Hong Kong Notarization, apostille, and legalization are all methods of authenticating documents. In a corporate setting, you may be required to authenticate corporate documents and agreements for use outside of the country of incorporation. Recent examples that we’ve come across where authentication of a Hong Kong company’s corporate documents by at least one of these methods was ...
  • Offshore Companies vs. HK Companies Operating Offshore We often get asked if we can help to set up an offshore company. The short answer is yes. However, the term “offshore company” can imply very different things as you can have a company that has been incorporated offshore usually in an offshore financial center or a company that is operating offshore (for the ...
  • How Can You Structure Your Business in HK? If you’re thinking about setting up a business in Hong Kong, the first thing you should do is to consider the structure of your business. Considering our audience, we’ve decided to focus in on the most common types of business organization in Hong Kong for small to medium enterprises including the private limited company, sole ...
  • Tax Exemption At A Glance Contrary to popular belief, you cannot set up a company with offshore status in Hong Kong. You must apply for tax exemption in order to obtain this status. Check out our quick guide below to find out if you’re eligible, and how you can go about applying for tax exemption for your Hong Kong company. Have 5 ...