obtaining special permits and licenses in hong kong
TRANSCRIPT
Obtaining Special Permits and Licenses in Hong KongA presentation brought to you by OpenCompanyHongKong.com
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Running a Company in Hong Kong
• One of the basic requirements for opening a Hong Kong company is to obtain the necessary special permits and licenses needed to lawfully operate the business.
• Companies need to satisfy these conditions, as well as other related to the registration and management of a business.
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Regulated Business Fields in Hong Kong
• While full foreign ownership is permitted in most business fields, an important condition is to operate under a special permit or license, as applicable.
• The financial sector and the telecommunication sector are examples of regulated business fields in Hong Kong.
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Basic Company Licensing in Hong Kong
• The license that is mandatory for all companies in Hong Kong is the business license issued upon registration with the Companies Registry.
• Other special permits and licenses are issued by the Trade and Industry Department, as applicable.
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Financial Services Permits
• Hong Kong companies that operate in the financial sector are required to obtain special permits and licenses.
• Money service operators in Hong Kong are required to apply for a special permit with the Commissioner and Customs and Excise (CCE) Office.
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Telecommunication Licenses
• Companies that operate in the telecommunications industry are also subject to licensing.
• The types of licenses are applicable for telecommunication carriers, public radiotelecommunication, service-based operators.
• One of our company registration agents in Hong Kong can help you apply for the adequate license.
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Food Licenses
• Restaurants in Hong Kong are subject to licensing. These apply for storing and selling vegetables, fruits, dairy products, fish or meat.
• Special licenses for tobacco and alcoholic beverages also apply. Food manufacturing companies must obtain specific permits for conducting business.
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Environmental Licenses
• Several ordinances are in place in Hong Kong regarding air pollution, water pollution, noise control, disposing of waste, hazardous chemicals use or eco-responsibility.
• Pharmaceutical companies or those involved in construction are examples of businesses that may require environmental licenses.
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Import and Export Licenses
• Trading companies in Hong Kong are subject to regulations according to the types of products they import or export.
• Special regulations are in place for importing medical devices, high-tech products or other controlled goods.
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Assistance for Obtaining the Necessary Licenses
• Entrepreneurs in Hong Kong who need special aid for obtaining permits and licenses can draw up a power of attorney.
• A company formation specialist can use this document on your behalf for licensing purposes.
• One of our company registration agents in Hong Kong can help you obtain all the required permits for operating a company.
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