Important Hong Kong Business Procedures You Should Know
Renowned as a global financial hub, Hong Kong houses world’s leading business organizations. It is luring many new industries and entrepreneurs to make an investment for a brighter future. Just like any other country, Hong Kong also has certain procedures for completing necessary business processes.
Whatever business you are planning to establish in Hong Kong, you should know those key procedures. For example, you should know how to apply for trademarks Registration in Hong Kong and which law protects trademarks in this autonomous territory. Such details will help you in taking necessary business decisions on time to avoid future issues. Let’s find out all those vital procedures.
Trademark registration:
Hong Kong’s Trade Marks Ordinance and Common law doctrine of passing off protect trademarks here. You need to apply for trademarks registration and then your application will go through several stages. These stages include deficiencies checking, hearing, publication for opposition at the HKIP journal and then registration.
You can take support of Hong Kong Trademarks services to avoid troubles and apply faster. There are several agencies offer their support for trademarks registration. You should rely on experts to get the job done as soon as possible. There are many global brands which have registered their trademarks in the suggested way.
Company share transfer:
The Hong Kong Companies Ordinance suggests that all the private limited companies must incorporate a provision about restricting share transfer. However, it does not describe how to restrict share transfer. It can be done by following a sophisticated procedure. That procedure is pretty complex and therefore you need to find additional support for share transfer in Hong Kong.
There are many agencies that offer detailed ways of completing share transfer process. In addition, they offer experts who help you in finishing this work quickly. The procedure becomes simpler and you pay a certain amount to that agency for handling your company’s share transfer process.
Tax filing:
The tax regime in Hong Kong is pretty simple and predictable. It does not charge taxes as high as other nations. Usually three types of taxes are applied on income in Hong Kong, Profit tax, Property tax and Salaries tax. The procedures are different for each kind of tax and Hong Kong Company tax filing procedure is very complex.
There are specialized agencies in Hong Kong that offer tax filing solutions. You can rely on top skilled people to file your company tax without worrying about the complexity of the process. They know how to deal with it and therefore they do not let your business face any kind of troubles. You can focus on your business and let the talented accountants manage your accounts.
Hong Kong company account and audit filing requirements differ from other countries. You might be familiar with how to manage company accounts and file audits in your country. It can be tough to learn when doing an offshore investment in a Hong Kong company. Therefore, you should hire specialized people to take care of all the mentioned procedures. It is how you can establish a successful business here and run it properly.
