This article tells you the information and services about licensing, registration and regulations regarding to starting a business.
Registration of a New Company
The following applications have to be submitted to the Companies Registry:
- incorporation of local limited companies; and
- registration of non-Hong Kong companies which have established a place of business in Hong Kong.
See the link below for details about registration, price guide, filling tips, etc.
- More about registration of a new companyhttp://www.cr.gov.hk/en/public/services.htm
A limited company is a separate legal entity, that is, a legal person in its own right and separate from its owners. The benefit of limited liability through operating as a limited company also brings with it obligations in so much as the company must comply with the various provisions in the Companies Ordinance. These obligations include the timely disclosure and reporting of specified information about the company, its officers and shareholders, etc. and any changes in such information to the Registrar of Companies. Every officer of a company has the responsibility to ensure that the company has complied with all these provisions.
- More about obligation of a company and its officershttp://www.cr.gov.hk/en/compliance/obligations.htm
- Filing requirements of a local limited company after incorporationhttp://www.cr.gov.hk/en/publications/docs/5-e.pdf
- Filing requirements of a non-Hong Kong Company after registrationhttp://www.cr.gov.hk/en/publications/docs/15-e.pdf
A company incorporated under Companies Ordinance has to register with the Inland Revenue Department within one month from its date of incorporation, irrespective of whether actually in business or not. Other businesses have to make the registration within one month of business commencement. Check out the links below for the businesses that required to be registered, when and how to register, as well as online application details.
- Tax Information: Business Registrationhttp://www.ird.gov.hk/eng/tax/bre_abr.htm#3
- Online Application for Business or Branch Registrationhttp://www.gov.hk/en/residents/taxes/etax/services/application_for_business_registration.htm
You may need particular government licences, permits, certificates and approvals to start your business operations in Hong Kong. You can try the Business Licence Information Service to acquire online the kinds of licences you need to operate your business.
- Business Licence Information Servicehttps://www.success.tid.gov.hk/tid/eng/blics/index.jsp
If you have already made a licence application, you can make use of the Licence Application Tracking Facility to check the application status online.
- Online Licence Application Trackinghttp://www.licensing.gov.hk/licence-status/menu.jsp?lang=en
GovHK also provides access to detailed information regarding restaurant licensing, telecommunications licences, environmental permits and licences, etc.
- Licensing & Permits section of GovHKhttp://www.gov.hk/en/business/registration/license/
GovHK’s Taxes section directs you to sources of detailed information about profits tax, tax obligations of business operators and employers.
- Taxes section of GovHKhttp://www.gov.hk/en/business/taxes/
As an employer you have certain statutory obligations and duties to your employees. Read the various labour legislation for detailed information on employment protection and benefits for employees, including conditions of employment, employees’ compensation, occupational safety and health, etc.
- More about Labour Legislationhttp://www.labour.gov.hk/eng/legislat/content.htm
Employers' Obligations under MPF System
An employer is required to enrol both full-time and part-time employees aged 18 to below 65 and employed for 60 days or more in an MPF scheme. You may select one or more MPF schemes available in the market and enrol your employees in these schemes. Click through the links below for more information.
- Employers’ obligations under the MPF Systemhttp://www.mpfa.org.hk/eng/main/employer/index.jsp
- Tips for employers in handling MPF matters (pdf file)http://www.mpfa.org.hk/eng/information_centre/publications/booklets_publications/mpf_system/files/ER_Eng.pdf
- FAQ for MPF Employershttp://www.mpfa.org.hk/eng/information_centre/faq/employer/mpf_employer/index.jsp
- FAQ for ORSO Employershttp://www.mpfa.org.hk/eng/information_centre/faq/employer/orso_employer/index.jsp
Self-employed Persons’ Obligations under MPF System
If you are a self-employed person(SEP) aged 18 to below 65, you must enrol yourself in an MPF scheme. You are required to make mandatory contributions if you earn not less than the minimum income level, i.e. currently $5,000 a month or $60,000 a year.
- Definition of an SEP under the MPF Systemhttp://www.mpfa.org.hk/eng/mpf_system/system_features/coverage/index.jsp
- SEPs’ rights and obligations under the MPF System (pdf file)http://www.mpfa.org.hk/eng/information_centre/publications/booklets_publications/mpf_system/files/SEP_Eng.pdf
- FAQs for SEPshttp://www.mpfa.org.hk/eng/information_centre/faq/self_employed_person/index.jsp
Equal Opportunities for Employment
A majority of the complaints received by the Equal Opportunities Commission under the anti-discrimination ordinances are employment-related. As an employer you should read through the legislation and provide a workplace free from discrimination.
Currently the EOC administers 4 anti-discrimination ordinances in Hong Kong, namely:
- the Sex Discrimination Ordinance;
- the Disability Discrimination Ordinance;
- the Family Status Discrimination Ordinance; and
- the Race Discrimination Ordinance.
- Details of the Code of Practice on Employmenthttp://www.eoc.org.hk/eoc/graphicsfolder/showcontent.aspx?content=cops
Your products or services may have intellectual property. Therefore, you should take the necessary steps to exploit, protect and manage intellectual property so as to reap the most of commercial values arising from its ownership.
- Knowing more about Intellectual Propertyhttp://www.ipd.gov.hk/eng/intellectual_property.htm
- Online Search System for Trademark, Patent & Registered Designhttp://ipsearch.ipd.gov.hk/index.html
Last review date: September 2013