Blog Startupr - incorporate, register and form your company online

Kung Hei Fat Choi 2016 / Happy Chinese New Year

Happy Chinese New Year, from the team at Startupr Hong Kong Limited!

Image 1-26-16 at 2.01 PM

We would like to wish you and your family a prosperous, and joyful New Year.

Office Closure

Startupr’s office will be closed on the 8th, 9th, and 10th of February for the public holidays. We will return to normal business hours on Thursday February 11th.

Should you require any assistance over the holiday please email

Again, from the team here at Startupr, wishing you all the best for the year ahead.

Tomas Milar


Season’s Greetings


Application for approval as an incubator fund or approved fund

Any entity looking for an approval as an incubator fund or an approved fund is required to submit an application (Form IB-A2-IAF) and all necessary supporting documents to the Commission no less than two business days prior to the date the applicant intends to start business. More →

Whoolala New Indie Fashion App That Is Resetting The Bar In Fashion!

It’s always exciting when we see our customers succeed and we would like to share these stories with you!

Whoolala is a recent fashion app that connects the users with designs and products that match their personal style. It incorporates state of the art technology with an easy to use interface that is going to have a profound impact on the fashion world. Whoolala has made shopping a convenient pass time that can be done from anywhere and even on the go. More →

Company formation in Germany

Dear Customer,

We would be happy to incorporate your German company for you.


Please find in here order form for a German limited liability company (a Unternehmergesellschaft (haftungsbeschränkt), abbreviated: UG); this order form also includes the costs for the foundation of such company which is in total USD 3,200 covering all foundation costs. The initial registered capital would be EUR 1,600 as this makes sure that all initial foundation costs for the company and the running costs for the first year (like bank fees, etc.) are covered and the company does not require funding immediately after foundation for the initial costs.

The process through which your company will be incorporated is as follows:

  1. You complete the order form and send it to Tomas at startupr (; cc: to me (
  2. You will then receive the invoice for the incorporation
  3. After payment of the invoice has been made, we will start the incorporation process
  4. Once we have notarized the incorporation of the company, we – if you wish – open a bank account
  5. Once the company has been registered in the commercial register, we notarize the transfer of all shares to you
  6. You will in writing authorize the transfer of all shares to you
  7. We then provide you with the draft shareholders resolution to appoint yourself or a person determined by you as managing director (resolution in writing)
  8. You or the person determined by you will have to sign the filing of the new managing director in notarized form at a German notary
  9. I will withdraw as managing director of the company after you or the person appointed by you has been registered in the commercial register.

All in all, this process usually takes – depending on the quickness of the commercial register, the bank and you or the person determined by you notarizing the filing to the commercial register – up to three weeks.

Still the company is operational once the foundation deed has been notarized.

Alternatively, as you are in Berlin, you can complete the foundation process or certain parts of it – as you wish – yourself.

If so, we can consult you throughout this process. Please let us know if this would be your preferred option.

If you’re interested to get holding company for your German entity, you might be interested to set up your company in Hong Kong.

Kind regards, Startupr

Seychelles – Chinese Characters in the company’s name

Hello all, we are glad to inform you regarding Seychelles company formation  –  the cooperation between our companies regarding Seychelles companies formation.


We would like to pay your attention to that now a registration of offshore company is available with writing a company name in Chinese language.

If our offer will be interesting for you or you need any additional information, please let us know.


For Hong Kong Limited company please visit our web:

What Any Startup Needs to Know about Accepting Payments

Businesses process payments have seen incredible change over the past couple of decades. In the UK, cashless payments have now overtaken the use of notes and coins. 52% of transactions made over the last year were made electronically and this number is expected to rise over the next ten years as the popularity of debit cards, contactless, and mobile payments continues to grow.


Credit and Debit Cards


Credit and debit have become to the preferred method of payment for most consumers now. Not only is it more convenient for your customers, though, recent statistics show that shoppers are more proven to indulge in so called “impulse buys” when using their card over cash. Fast-food giants McDonald’s also found that their average transaction rose from $4.50 to $7 when customers weren’t reliant on the amount of cash in their pocket. The easiest way for your small business to accept card payments is by investing in a PDQ terminal. Short for process data quickly, PDQ terminals are now available from suppliers such as Card Cutters in multiple forms, including low-cost, portable solutions. These machines can process up to 650 transactions on a single charge, and can easily be used for both mobile and stationary businesses.


Online Payment Methods


The number of online payments is increasing every year in the UK. For younger generations, this is becoming the de facto way to buy goods and, similarly, older generations are also becoming comfortable enough with technologies to also pay for items. PayPal is currently the world’s number one online payment system with over eight million accepting businesses. Because PayPal offers customers security that their transaction is protected against online scams, accepting payments through the online payment system is one of the first requests any new website will receive.


Near Field Communications


Finally, near field communications (NFC) is a new technology you can expect to see a lot more over the next few years. NFC allows smartphones and other similar devices to establish a radio communication with each other. Because this works throughy close-proximity, usually between 10cm or less, it’s also known as “tap and go” technology. Last year, Apple launched its own payment service, which is coming to the UK this summer that allows users to pay for goods through their iPhones and Apple Watches. Adopting the latest technology can get your company noticed. If you want your customers to be able to buy their goods via Apple Pay, you’ll need to invest in NFC-compatible payment terminals.


Payment processing is both a fast-moving and important section of any business. Making sure you can accept a customer’s preferred solution could be the difference between either a sale or the shopper looking elsewhere.

Three Top Cost-Cutting Tips for London-Based Start-Ups

It doesn’t take a rocket scientist to work out that London, the land of

opportunities, can pose a real challenge for start-ups. Although the location

offers a brilliant springboard for new businesses, it also requires more capital,

time and commitment than setting up anywhere else. Competition is fierce, and

the price of property is exceptionally high. Although there are a wealth of

chances for new enterprises, there are just as many trials and tribulations to


So how can you work around them? Cutting costs is a great place to start, so here

are three top tips to help you do just that…

Tip #1: Use a Virtual Office

One of the greatest challenges for London-based start-ups is the incredibly high

price of property. Renting and buying in the capital costs more than anywhere

else, and unless you have a very deep fund to dip into, this throws a serious

spanner in the works. This is where serviced offices can come into play. If you

have a business that you can conduct largely from home, then take advantage

and do exactly that. This will significantly cut your costs, and you can still benefit

from the perks of a top London postcode by using a virtual office. This will

provide you with a prestigious business address and telephone answering

service, without the associated costs of a physical office.

Tip #2: Use a Virtual Secretary

If you can’t cut costs by working from home, there are other ways to lighten the

monetary load, first among them a virtual secretary. This role is vital to most

companies, significantly relieving the pressure of running your own business at

the same time as fielding enquiries and dealing with the administrative side of

things. However, secretaries in London will need to be paid more than anywhere

else, thanks to the increased cost of living in the capital. The answer: a virtual

secretary. They’ll make your job easier, and cost you far less than employing

someone in an ordinary secretarial capacity.

Tip #3: Explore Outsourcing

Our third and final tip is this: always explore your outsourcing options. Although

most business owners assume that doing everything themselves will cut costs,

this simply isn’t true. Expansion requires money, so adding new departments or

arms to your business will always have a high initial outlay. If you’re not ready

for this, outsourcing can provide a great solution. It will give you access to

experienced professionals and high-end equipment, without the cost of investing

in these yourself.

Cut your costs today with these three top tips.

How does the Know Your Client – KYC look like?

Once you’re spetting up a comany or opening bank account, you might be asked to provide the following documents:

1.       Any corporation Agreements

2.       Certificate of incorporation (notarized)

3.       Certificate of Incumbency no older then 3 months (notarized)

4.       Appointment of first directors (notarized)

5.       Power of attorney (notarized)- if any

6.       Scan of the passport (notarized) or personal ID

7.       Proof of address (any utility bill or invoice carrying name and address of  the person (electricity, phone bill, bank statement)

8.      Beneficial owner agreement if any plus  points 6 and 7

9.       W8 form – if you provide any financial services

10.   KYC (know your client) questioner

Please let us know if you need any help to collect any of these documents.



Three Top Tips for Keeping Your Startup Business Safe

As a business owner, your employees are the greatest assets available to you. Handpicked and able, they’ll be beside you every step of the way on your road to success.


It’s only fair, then, that you repay them for this favour by taking care of them. This not only means securing the future of your business and their continued employment but also, more literally, keeping them safe in the workplace. Increased health and safety procedures have gone a long way towards helping employers in this regard, but there is still more that you, as an individual, can do.


If you want to do the best by your workers, here are three top tips to help you ensure that they’re as safe as can be whilst they’re on your watch.


#1: Educate Your Employees on Health and Safety and Company Protocol


The best way to keep your employees safe during working hours is to help them to help themselves. Health and safety protocols exist to regulate every industry, but it’s not enough simply to have them in place; they also need to be accessible. Make sure that you have printed signs dotted around your workspace, and that more in-depth guidance is available on your company website. You could go even further than this and offer workshops or presentations on these guidelines, to ensure that your workers know how to keep themselves and each other safe at all times.


#2: Provide First Aid Training


Most industries will be required to provide some medical training to a set number of workers, but we recommend that you take this a step further. Basic medical skills are useful for all staff members, so that everyone knows what to do in case of an emergency. Thus, as well as offering your employees guidance on avoiding accidents and injury, it’s a good idea to have a few appointed representatives that are able to provide first aid training to all members of staff. It’s also useful to have a couple of employees – usually those who provide this training to other staff members – whose medical skills are more comprehensive, to ensure that any problems or accidents that do arise can be dealt with immediately.


#3: Provide All Necessary Safety Equipment


Finally, always make sure that your staff members are fully outfitted with any necessary safety equipment. Again, certain industries will be very specific with regards to the items that must be provided, but even where such stringency is not required, it should still be practiced. This means that hard hats should be available in any situation that poses a risk of head injury, gloves should always be provided where there is a chance that toxic or irritating materials will need to be handled, and lifting equipment, available from companies like Handling Equipment Online, should be made available to avoid handling heavy loads.


Follow these top tips today to keep your staff members safe in the workplace.