How To Register Business In Hong Kong

This city is a recognized leader.

How to register business in hong kong. It is also the only way for you to do business in hong kong. You are required to register with the inland revenue authority in the business registration section. Here is a demonstration of how it works. Registering a business will give you legal protection and it also allows you to have a stable and fair business environment. Importance for business registration in hong kong.

In this article we will discuss. Business registration in hong kong is very essential for any entrepreneur. The best methods of business registration in hong kong. You should register the company in hong kong at least one month before the business begins operations. Registering a branch office is one of the ways a foreign company can establish a presence in hong kong the other two options being setting up either a hong kong subsidiary or a representative office.

Under the business registration service anyone who delivers an application for incorporation of a local limited company or an application for registration of a non hong kong company will be assumed to have made a business registration application at the same time. Meanwhile the payment of hk 3 950 for a certificate has a validity period of 3 years. The business registration process is simple and less expensive. Business registration costs hk 2 000 and the annual fee for the business registration certificate is hk 450. The pros of opening a company in hong kong.

Hong kong has built a reputation for easy global banking. If an overseas company wishes to carry out business activities in hong kong it must first register a business entity in hong kong. No matter if you wish to start a hong kong company registration a hong kong trading company or a hong kong limited company. Hong kong is becoming a worldwide leader for offshore business operations because it is a safe and secure business environment. If you are an organization or enterprise engaged in commercial industrial or professional activities you need to register your business in hong kong.

Hence it is a good idea to start a business in hong kong with a concrete business plan. Hence many start ups have come up in hong kong which is contributing to the economy of this region. This is a sample of what the business registration certificate looks like in hong kong. Registering a hong kong company using an. Hong kong is along with singapore the most liberal economy in the world therefore opening a limited company is simple fast and cheap the government requires a fee of 1 730 hkd for the company registration and a fee of 250 hkd for the business registration certificate.