Question ? You have a great idea. You know it is easy to set up a business in HK but easy has not the same meaning for everybody. You are an expert in your field but totally useless when it comes to administration. So HOW DO YOU SET UP YOUR BUSINESS IN HK ? Answer First of all, you need to define what you want to do. - An expert business where you will sell your own and valuable knowledge ? - A trading business where hopefully you will soon need to employ some staff ? - Will you have a lot of transactions every month or just a few every year ? - Do you want to establish a brick and mortar shop ? - etc ... TIME TO MAKE A BREAK AND THINK pen & paper or very detailed excel sheets, no worries, the most important is: - To plan the future - Gather figures. - Understand your obligations according to the status you will choose - Project yourself and your business in at least years away THEN ACT 1 - Check the availabity of your loved business name https://icris.cr.gov.hk/csci/login_i.do?loginType=iguest 2 - apply for you Business registration (sole proprietor) IRD - revenue tower 4/F, Gloucester road, WANCHAI 3 - one stop company and business registration (limited company) CR - 14th floor, High Block, Queensway Government Offices, 66 Queensway, Hong Kong You can open a sole proprietor business in less than an hour and a limited company in a day. You can buy a shell company all ready to start or open your own. You can ask a specialist to do it for you (starting at HKD 6000 and more) and good news you can do it WELL DONE YOU ARE NOW A BUSINESS OWNER !
Posted on: Thu, 21 Aug 2014 04:00:23 +0000
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