Analysis of Dubai company can open a branch in Hong Kong

Under the background of economic globalization, it is normal for enterprises to expand their business across regions. Hong Kong, with its special geographical location, open economic policy and sound legal system, has always been a popular choice for many international enterprises to set up branches and expand the Asian market. Dubai, as a commercial and financial center in the Middle East, its companies are also actively seeking a broader international market, in which Hong Kong's attractiveness to Dubai companies has become increasingly prominent. So, can Dubai open a branch in Hong Kong? The answer is yes, but the process involves many considerations and operations.

Legal basis and requirements

according to Part 16 of the Hong Kong Companies Ordinance, a non-Hong Kong company is a company that is not incorporated in Hong Kong but has a place of business in Hong Kong, commonly known as a Hong Kong branch. As a foreign company, a Dubai company can register as a local company or set up a branch in Hong Kong, subject to the following conditions:

1. Qualification of parent company:

dubai companies must be legally registered and able to operate legally.

2. Registered address:

A valid Hong Kong address must be provided as the registered address, which can be an office or virtual office address.

3. Authorized Representative:

one or more authorized representatives shall be appointed to accept legal process or notices on behalf of Dubai Company in Hong Kong. An authorized representative may be a natural person, a solicitor corporation, a corporate practice or firm of solicitors, a firm of certified public accountants, etc. residing in Hong Kong.

Registration process

the registration process for a Dubai company to open a branch in Hong Kong is roughly as follows:

1. Name search: 3-5 company names are drawn up for search to ensure that they are not renamed with existing companies.

2. Preparation of information: Provide a full set of information of Dubai Company, including registration certificate, business license, board resolution, etc., as well as the business plan of the branch, authorized representative information, etc.

3. Submission of application: Submit the application form and required documents to the Hong Kong Companies Registry.

4. Approval and registration: After the government department accepts the approval, it can obtain relevant certificates, including company registration certificate, business registration certificate, etc.

Operational Requirements

after opening a branch in Hong Kong, Dubai Company is also required to comply with Hong Kong's tax, labor and commercial laws and regulations, including but not limited:

tax registration: Tax registration with the Inland Revenue Department of Hong Kong, certifying that the company is registered in Hong Kong and has tax obligations.

Financial Audit: According to the Hong Kong Companies Ordinance, branches are required to conduct annual financial audits and submit reports to the relevant authorities.

Compliance: Comply with Hong Kong's business regulations, including but not limited to consumer protection, anti-monopoly, data protection, etc.

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