Monday, 20 April 2015

How to Set Up a Business in Hong Kong- Part 2

3.   Business registration

All businesses, whether limited companies, sole proprietorships, representative offices or partnerships, must register with the Business Registration Office of the Inland Revenue Department. The annual business registration certificate costs HK$450 and the Business Registration fee is HK$2,000 (waived in 2012-13). It is also possible to apply for a three-year certificate at a special rate. The Business Registration Certificate must be displayed at the place of business. You must register within one month of commencing business.

4.   Opening a business bank account

Before a business bank account can be opened, you must complete business registration and company incorporation. However, Primasia’s relationship with the major banks means that the process can be commenced whilst the incorporation is still under way. Banks may also require due diligence documents to be provided or certified as originals (which we can do) and may also require a deposit or (for offshore companies) a processing fee.


Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
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Website: Primasia HK / Primasia China
LinkedIn: Primasia
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

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