An Introduction to Doing Business in Hong Kong 2021 - Preview

5 AN INTRODUCTION TO DOING BUSINESS IN HONG KONG 2021 Table of Contents Preface 04 A Brief Overview of Hong Kong 08 Part 1 | Establishing and Running a Business 10 What are my options for investment? 11 Different entities that a foreign business can establish in Hong Kong 11 Restrictions on foreign investment 12 How do I establish a business? 13 Requirements and steps to set up a company in Hong Kong 13 Intellectual property 15 Opening a bank account in Hong Kong 18 What are the key compliance requirements? 21 Annual compliance requirements 21 New regime of significant controller register 21 Compliance of anti-money laundering and counter- terrorist financing requirements for trust or company service providers 22 How do I make changes to my company? 23 Dormant company 23 Changing a company name 23 Changing the company’s Articles of Association 24 Deregistering the company 25 How do I solve legal disputes? 27 Alternative Dispute Resolution (ADR) 27 Litigation 28