Monthly Archives: November 2015

How to choose the right corporate finance company

When running, owning or starting a business or company it is highly important for one to know all elements of the company especially in the finance sector. Once you get to learn on the basic concepts of these areas you will be able to effectively run the business. One of these areas is the corporate finance sector. This is basically the process of maximizing the company’s recourses to maximize output. Apart from that, it will also teach you on how to effectively use the profits to increase output. Minimizing input and maximizing output to increase profits is basically the aim of any business. With corporate finance you will be able to achieve this goal. For those that may lack the time to learn about this sector of business, you can opt to hire corporate finance companies to help you with this.

These are companies that are dedicated to help you with corporate finance decisions. There are several types of these companies in Hong Kong as well as across the globe. The tricky part is usually finding the right company for the job. There are several factors that should be considered in order to ensure that the right company is opted for. The most important factor that should be taken to mind is the success rate of the company. The phrase success rate in this context means how other companies have succeeded under their consultation services. This highly determines the ability of the company to provide the necessary services.

The other factor that should be taken into consideration is the affordability of the company. Most companies tend to overcharge their services. It always helps to create a list of different companies and choose the most affordable company from the list. Ensure that you take a look at their team of employees. Choose a company that has a team of highly qualified individuals. The best and simplest way to find out the level of qualification of their staff is by reading some of the previous customer reviews from their site. This will provide you with a detailed report on the quality of services that the corporate finance consultation company has.

These are just some of the simple factors that will guide any individual to choose the right company for the task. However, it is still important to take lessons or research on corporate finance. This knowledge is highly important when it comes to running a business.

Business center – apprehensions and advantages

What if your new work place met all the personal and professional requirements? From arranging a meeting at the venue, develop in house resources and much more. Now moving the business to a new place all is done at a single place, business center. Business center not only provide space but also provide tailored professional help.

Business always needs an extra edge, and office space at business centers is always the best option. The company will be located in the middle of the market, but for this it does not need to pay heavy price. Business center is actually a very beneficial place from all the angles. Yet some owners have apprehension about it.

The very first question that comes is the capital required for start is sufficient or not? During the startup there is seldom any steadiness. Hence it becomes difficult to generate revenue of the rent. The initial budget is most of the time penny-pinching and not sure if the business will make profit in the initial years.

A business center offers space, utilities and extra facilities, hence it is wise to invest in it and take the first step in the world of business. All this is done at professional level, hence there should not be any two thoughts whether these centers are beneficial or not.

What comes as next question is the issue of importance associated with the address of the company?  Even a new bee in the business acknowledges the fact associated with the address has great impact on the business. Clients, associates, partners all give the credit of the business to the address. It is considered to be a good strategy to associate business with a particular neighborhood that has professionals all around.

Business centers are usually located at well-known places and provide a professional environment. It works wonders for the business. More people can know about the business, which will definitely increase the prospective clients. It results in healthy competition.

This workspace can be rented for both short and long period as per the company requirements, at a fraction of cost. The best advantage of the business center is the fact that the company can start with its operations immediately. Apart from this security and office help is also provided by these centers. Hence it can be concluded that business centers are need of the hour that takes care of each and every requirement of the clients.

Business Registration Process in Hong Kong

Business Registration Process in Hong Kong

Hong Kong is one of the world’s leading financial centers and also a major capitalist service economy. Conducting a business is characterized by low taxation and free trade. The Government is encouraging and promoting businesses and as such businesses outside Hong Kong are tax free.

Registering a business can be done in two ways as follows. There can be an online option which can be done remotely as well as offline, which you get to do it in person.  The regulations are also business friendly as the minimum requirement to start is a shareholder and a director. There is a government website that can assist but there are a couple of other sites that are far much more reliable than the Government one.

For $400 or less one can have and enjoy the services of an actual office. This is known as a virtual office. It is the easiest and fastest way to get the services such as a business address, telephone number and fax number, together with staff.

Some of the common Company formations in Hong Kong are as follows.

  • limited companies
  • Affiliate Foreign company
  • Limited Liability Partnerships
  • Sole Proprietorships
  • Non-profit organizations

You will need to register the business with the Hong Kong’s Government Business Registration Office at the Inland Revenue Department. The registration must happen within one month of the opening of the business. Afterwards the Issued certificate must be displayed at the premises of the business.

The process of registration can be simplified and hastened by compiling all the items needed for successful registration. You must include a notice to Business registration Office with a business registration fee of 260 USD (HK$ 2000) for one year and 520 USD (HK$ 5200) for a three year certificate.

An additional fee for the protection of wages on insolvency funds that amounts to 35 USD (HK$ 250) for a one year certificate and 97USD (HK $ 750) for a three year certificate.

If the application for business registration is offline, the certificate will be issued within 30 minutes on the spot or in two working days via mail. The business registration certificate under the company incorporation and business service will be delivered together with the certificate of incorporation within one hour for online applications. A copy of the mails is sent via mail when the process is done online.