Malaysia Hotline: +603- 2141 8908
- A
Representative Office has no legal standing or recognition and the parent
company bears implicit liability for all the actions of the Representative
Office.
-
Generally, the name of the Representative Office must match the name of the
overseas parent company. However, if the name is already in use in Hong Kong,
the overseas company will need to adopt another name for the Representative Office
in Hong Kong.
- A
Representative Office operates as a cost center and can only engage in liaison,
promotional work, and market research type activities. It cannot engage in
commercial profit generating activities such as engaging in business, concluding
contracts, providing consultancy for a fee, undertaking transshipment of goods,
or negotiating letters of credit. If it wishes to enter into any transaction
which creates a legal obligation it will need to change its business structure
to that of a subsidiary company or a branch office.
- A
Representative Office will usually appoint a staff member from its foreign
parent company who will relocate to Hong Kong and manage the office. The RO may
also engage local employees as support staff.
-
There is no registered capital requirement to set up a Representative Office.
-
Representative Offices need not be registered with the Companies Registry.
-
Since Representative Offices are unincorporated bodies, they are not subject to
filing or accounting requirements and other compliances like maintaining any
statutory documents.
-
Representative Offices are non-earning entities and are not liable for filing
tax returns with the Inland Revenue Department. However, Representative Offices
must file for a Business Registration Certificate with the Inland Revenue
Department.
- A
Representative Office is considered as a temporary administrative office
helping the foreign company test business environment and explore the viability
of doing business in Hong Kong.
Contact us
If you have further queries, please contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours Hong Kong hotline：86-755- 36990589;
Email: mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my