Setting up a business in Hong Kong 101
A business license or permit is extremely important for anyone to conduct any type of business. This official document can be provided only by a particular branch of the Hong Kong government. The government of Hong Kong is pretty lenient and hence, only certain types of business require an official business license hong kong.
A number of steps have to be followed before applying for a business license in Hong Kong or to make the dream of a Hong Kong company formation a reality. However, the most important step is to make sure that the company should be registered under the Companies Registry, which is an official document where the names of all licensed companies are stored.
As mentioned before, only certain types of business services are required to possess an official business license from the Hong Kong government. Some of them are mentioned below:
- Any form of Financial Services Company: There are different types of licenses that need to be procured based on the type of financial services provided by the company. Some of the licenses are Pawnbroker’s License (issued only by the Hong Kong Police Department) and the Authorization of Insurance Broker (only issued by the Office of the Commissioner of Insurance).
- Restaurant Services: The General Restaurant License is to be possessed by all types of restaurant services, that can only be issued by the Food and Environmental Hygiene Department.
- Any form of Education Business: This also requires a ‘Certificate of Registration of a School’ that can only be issued by the Education Bureau of Hong Kong. Since, education is one of the most sought after Hong Kong company formation options, obtaining this license is a little difficult and a lot of documents are required to be submitted in order to get clearance.
© 2021 Atrix Business Services Limited. All rights reserved.