#ACCOUNTING SOFTWARE FOR SMALL BUSINESS HONG KONG REGISTRATION#
Only ensure you are conversant with government business registration specifications in Hong Kong through the government’s website as well. This is everything you need to know to register a business in Hong Kong. Business registration with one-year certification costs HK$ 2000 while three years costs HK$5200. If the application falls through, you might reapply with a HK$1,425 refund. In Hong Kong, all employees should be between 18 and 65 years old.Īdditionally, you need HK$1,720 to register the company. This ensures you have proper policies per the Employee Compensation ordinance. If you wish to have employees working at your company, it is paramount that you also enroll all employees for the Mandatory Provident Fund. The good news is that Hong Kong government websites have all the needed information for these permits and one can apply for some online. Such permits defer, depending on the business type you wish to pursue. You will have to apply for licenses and permits after company registration before you can start operating your business.
Shareholders’ and directors’ identifications.Otherwise, submitting hard copy documents to the government Queensway office is also an option. The service is available 24 hours, making it easy to open a company. Given that Hong Kong is quite technologically advanced, you can easily register a company using E-registry online.
Transferring shares and capital raising are also easier with limited companies since Hong Kong is a global start-up hub. This is because such companies are considered independent entities and offer protection to personal assets. Of the four business structures, limited companies’ registration appears to be the most enticing. Company names in Hong Kong can be English, Chinese, or a blend of both.
However, you can search for your name online to ensure it has not yet been listed. Please note that company names may take some time before they are approved since you can’t use a name that already exists in Hong Kong’s company registry. Once you are clear about the legal business structures in Hong Kong, you can then decide what would be the best company name for your business.