How To Register A Business In Hong Kong

The registered address must be a physical address and cannot be a po box.

How to register a business in hong kong. All the documents you need to register a company in hong kong and the procedure for opening it. As a record holder for the world s freest economy for the past two decades hong kong can be a great choice for starting your company. The global leader in business and banking comes with a multitude of benefits like it s rank above the usa uk and japan as the least corrupt nation on the globe. You should register the company in hong kong at least one month before the business begins operations. Hence it is a good idea to start a business in hong kong with a concrete business plan.

Business registration costs hk 2 000 and the annual fee for the business registration certificate is hk 450. What documents are required for business registration in hong kong. First of all you ll need to pay the agency s fee and choose a name for your brand new company. Bearer shares are not allowed. The business registration process is simple and less expensive.

When registering a business in hong kong you need to prepare an assortment of documents and submit them to the registry. According to the hong kong laws every company has exactly one month to register with the inland revenue department after registering a business. You ll need this certificate to display it at the address you have used to register your company. Non residents will need to work with a secretary to qualify as an offshore business organization. Business registration in hong kong is very essential for any entrepreneur.

It is not required to be a resident of hong kong to set up your business entity or organization. Registered address in order to register a hong kong company you must provide a local hong kong address as the registered address of the company. You are required to register with the inland revenue authority in the business registration section. These are documents that clearly specify a company s operation regulations. Failing to register to pay taxes will result in heavy fines and possible restrictions on your business that will forbid you from operating any business activities.

Importance for business registration in hong kong. It is also the only way for you to do business in hong kong. After you incorporate a company in hong kong you will need to register it with the business registration office at the inland revenue department to apply for your business registration certificate. Articles of association for your company. Hence many start ups have come up in hong kong which is contributing to the economy of this region.