Starting a Business (Licensing, Registration & Regulations) Hong Kong
Hong Kong is a well-known international financial center and a popular destination to start a business. The process of registering and licensing a business in Hong Kong is relatively streamlined. Here's a quick guide:
1. Choose a Business Structure: There are several structures to choose from, such as sole proprietorship, partnership, or limited liability company (LLC). The most common structure for foreign businesses is the LLC.
2. Register Your Business Name: You can conduct a pre-name search to check for availability and register your business name with the Companies Registry.
3. Business Registration: Register your business through the online portal of the Business Registration Office (BRO). You will need to submit an application form, Notice of Business Registration (NBR1), and a copy of your company’s Articles of Association.
4. Obtain Business Licenses: Depending on your business nature, you may need to apply for additional licenses and permits from relevant government departments. You can use the Business Licence Information Service to find out the specific licenses required for your business.
5. Register for Tax: Register your business with the Inland Revenue Department (IRD) to obtain a tax assessment number. This is required for filing tax returns.
Business Licence Information Service
The Business Licence Information Service, provided by SUCCESS (Support and Consultation Centre for Small and Medium Enterprises), is a helpful online tool for those starting a business in Hong Kong. Here's what you can do with this service:
Identify Required Licenses: By answering a series of questions about your industry and business type, the service generates a list of relevant licenses and permits you need to obtain.
User-Friendly Interface: The website offers a simple and interactive format for easy navigation.
Here's how to access the Business Licence Information Service:
Visit the website of SUCCESS: https://www.success.tid.gov.hk/tid/eng/blics/index.jsp
Additional Resources:
Hong Kong Government's Guide to Starting a Business: https://www.gov.hk/en/business/supportenterprises/businesstopics/licensing.htm
How Bestar can Help
Starting a Business (Licensing, Registration & Regulations) Hong Kong
Here's what Bestar is able to help you with regarding Hong Kong business registration:
Company Registration: Bestar helps with the overall company registration process in Hong Kong. This includes:
Assisting you in choosing the right business structure.
Completing the necessary paperwork and forms.
Submitting your application to the Companies Registry.
Business Licensing: We offer guidance on identifying the licenses you need and assist with the application process for relevant government departments.
Additional Support Services: Bestar provides other services beyond registration, such as:
Opening a corporate bank account.
Registered office address services.
Contact Bestar: Reach out to Bestar through our website (https://www.bestar-hk.com/services) or contact information to inquire about our specific services for Hong Kong business registration and licensing.
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