Trading companies in Hong Kong
As the most important financial and business center in Asia, Hong Kong is also a leading location for trading companies. This special administrative region has advantageous policies for trading and import and export activities. Trading companies in Hong Kong work with various types of goods and have a wide range of customers. Such a business should have a strong organization, good logistics, and experienced personnel.
Our experts in company formation in Hong Kong know the basic requirements for establishing a trading company in Hong Kong and can help you open a Hong Kong company. With our professional help, you will be able to start a company and obtain the necessary permits.
We invite you to watch a short video about the advantages of setting up a trading company in Hong Kong:
Registering a Hong Kong trading company
As any other type of company in Hong Kong, a trading company must be incorporated and registered with the relevant authorities. The company formation process in Hong Kong is straightforward and business owners must begin by choosing the right business form. For trading purposes, a limited liability company is a good business option.
The Certificate of Incorporation is mandatory for the functioning of the company and it is issued by the Hong Kong Companies Registry. Business owners must also choose a suitable business name and appoint directors and shareholders, depending on the type of company. There are also the share capital requirements to be taken into consideration.
Foreign business owners in Hong Kong are allowed to have full company ownership. Our Hong Kong company formation agents are able to help you with information about the necessary documents for company registration and also give you information about taxation in Hong Kong.
Licenses and permits for trading companies in Hong Kong
Trading companies in Hong Kong operate with various types of goods. However, depending on the type of imported and exported products, a special license must be obtained from the Customs and Excise Department of Hong Kong. According to special ordinances, certain goods are considered dutiable. Examples of such gods include alcoholic beverages and tobacco.
Goods that require a special import/export license are:
– controlled chemicals and hazardous chemicals;
– animals or birds;
– pharmaceutical products, medicines, and dangerous drugs;
– textiles and many others.
For a complete list of products regulated for import/export activities in Hong Kong and the import/export declaration that needs to be submitted by any trading company, please contact our company registration consultants in Hong Kong.