Hi nakasanna,
The good news is, you shouldn't have too much trouble establishing a
sole prorietorship in Hong Kong - briefly, you'll only need to apply
for a "Business Registration Certificate" and register your business
name, (assuming your business won't require a professional licence in
order to conduct business).
FIRST STEP:
You will need an agent with a physical address in Hong Kong.
SECOND STEPS:
Register your business name.
Apply for a "Business Registration Certificate" from the Inland
Revenue Department of Hong Kong.
"1. What are the prerequisites for doing this?"
>>>>>>>>>>REGISTRATION
BUSINESS REGISTRATION:
"All businesses, whether limited liability companies, sole
proprietorships, or partnerships must be registered with the Business
Registration Office of the Inland Revenue Department."
New business carried on by an individual or a partnership:
"A new business carried on by an individual or a partnership must be
registered with Business Registration Office within 1 month of its
commencement. If a business is carried on by an individual, Form 1(a)
should be completed... These forms should be submitted together with
photocopies of the Hong Kong identity cards or passports of the
proprietor [or his agent].
If the sole proprietor... is not residing in Hong Kong, he (they) must
appoint an agent who is residing in Hong Kong to act on his (their)
behalf for the purposes of business registration. An appointment
letter for the agent and a copy of the agent's Hong Kong Identity Card
must be submitted together with the business registration application
form. In the appointment letter, which should be signed by both the
principal and the agent, full particulars of the agent including his
name, Hong Kong identity card number and residential address must be
stated. Alternatively, you may furnish the details on the form IRBR
177 (PDF format).
http://www.business.gov.hk/bep/opencms/release/eng/start/how/buzreg/detailinfo.html#01
FORM IRBR 177:
http://www.ird.gov.hk/eng/pdf/irbr177.pdf
INLAND REVENUE DEPARTMENT
The Government of Hong Kong Special Administration Region
Enquiries in connection with Business Registration matters should be
addressed to the Business Registration Office, 4th Floor, Revenue
Tower,
5 Gloucester Road, Wan Chai, Hong Kong
Telephone number 2594 3146
http://www.ird.gov.hk/eng/tax/bre_enq.htm
EXEMPTION FROM REGISTRATION
"You can apply for exemption from payment of business registration fee
and levy if the average monthly sales or receipts of your business
does not exceed the following limit:-"
[$10,000] for businesses mainly deriving profits from the sale of services
[$30,000] for other businesses
http://www.ird.gov.hk/eng/tax/bre_erp.htm
SOLE PROPRIETORSHIP
"A sole proprietorship is not a separate legal entity so all its debts
and liabilities are the personal responsibility of the sole
proprietor.
The only procedural step in establishing a sole proprietorship is to
obtain a Business Registration Certificate."
http://www.jsm.com.hk/uploadContent/71/2/1/Guide_to_doing_business_in_HK(July2003)final.pdf
SOLE PROPRIETORSHIPS
"It is open for any individual to engage in business in his own right.
Apart from the need to satisfy certain qualification requirements in
certain professions the main legal matter is the need to register the
business name and obtain a Business Registration Certificate."
http://www.hlbi.com/dbifiles/hongko.asp#BRANCH%20OPERATIONS%20(NON-HONG-%20KONG%20COMPANIES)
"2. Who can provide this service?"
>>>>>>>>>>AGENTS
Ofcourse, there are many lawyers who would be more than willing to
take care of this for you, but given that your business is not
incorporated, a less expensive option may be to use the services of a
qualified accountant. Following are a few possibilities, but I suggest
getting in touch with the Hong Kong Chamber of Commerce for their
advice and a list of qualified accountants.
Hong Kong Japanese Chamber of Commerce & Industry
Tel: 2577 6129
Fax: 2577 0525
Address: 38/F., Hennessy Centre
500 Hennessy Road
Causeway Bay
Hong Kong
Email: jcci1@hkjcci.com.hk
http://www.tdctrade.com/hksar/220.htm
ASIA BUSINESS SERVICE:
For non-Hong Kong resident, require:
* representation of an agent who is Hong Kong resident;
* photocopy of proprietor or all partners' passport;
* a Hong Kong registered address.
We charge HK$1,000 for non-Hong Kong resident client to:
* provide Hong Kong agency;
* provide Hong Kong registered address;
* handle application of Business Registration.
We can help to apply for business registration fee exemption at a fee of HK$500.
"For new business registration, you have to pay for the registration
fee and wait for refund. As it is a new business, applicant need to
prove that the income of the new business will fulfil the income
requirement."
Contact:
Room 812, 8/F Hollywood Plaza,
610 Nathan Road,
Hong Kong
Tel (852) 8102 2592
Fax (852) 8102 2593
http://www.companyunited.com/english/english%20hk%20unlimited%20companies.htm
>>>
For comparison, here are some other fees:
Chandler Partners
http://www.chandler.com.hk/English/hongkong_company.htm
>>>
Kaizen Corporation Services Limited:
http://www.bycpa.com.hk/e/info/hk/br.htm
CONTACT US
Hong Kong Office
Address: Room 1106, Remington Centre, 23 Hung To Road, Kwun Tong, Hong Kong
Tel : +852 2341 1444
Fax : +852 2341 1414
Email (General): info@by-cpa.com
http://www.bycpa.com.hk/e/contact.htm
>>>
Basic Legal Aspects of Establishing a Business Presence in Hong Kong
http://www.bakernet.com/BakerNet/Places/Asia+Pacific/China/Description/Establishing+a+Business+Presence.htm
Baker & McKenzie Lawyers: Hong Kong:
http://www.bakernet.com/BakerNet/Places/Asia+Pacific/China/Description/Establishing+a+Business+Presence.htm
>>>
PriceWaterhouseCoopers:
How do I form the entity that I need?
"We can assist you with the establishment of the Hong Kong company,
branch or representative office and any offshore company or the
acquisition of a shelf company in Hong Kong or offshore. We can help
you register with the Hong Kong Companies Registrar, Inland Revenue
Department and other regulatory authorities. We can also co-ordinate
with registered agents in respect of overseas companies.
We can help you apply for a Hong Kong business licence if required for
your industry (eg financial services and telecommunications
industries) and also register domain names in the region. You may
also need a business address but have not found suitable premises, we
can provide you with a business address."
Key Contact
Nick Dignan, (852) 2289 3702, nick.dignan@hk.pwc.com
http://www.pwchk.com/home/eng/setupinhk.html
PriceWaterhouseCoopers Japan:
http://www.pwc.com/Extweb/Home.nsf/docid/10607F878F079C3ECA256E2B00215242
>>>
A Guide to Doing Buisness in Hong KOng:
Johnson, Stokes & Masters:
Johnson Stokes & Master is the largest law firm in Hong Kong and one
of Asia?s leading commercial law practices.
Hong Kong office:
phone: 852 2843 2211
email: jsm@jsm.com.hk
http://www.lexmundi.com/publications/INTL_Guides/guide-hongkong.PDF
>>>
Additional Links of Interest:
Doing buisness in Hong Kong:
http://www.millards.com/docs/dob/dbhongk.htm
Hong Kong Economic and Trade Office (Tokyo)
http://www.hketotyo.or.jp/index_e.html
Contact Hong Kong Economic and Trade Office (Tokyo)
Address: Hong Kong Economic and Trade Office Building 30-1
Sanban-Cho,Chiyoda-ku,Tokyo 102-0075,Japan
Telephone: (03) 3556-8980
(03) 3556-8961 (Invest HK Unit)
Fax: (03) 3556-8968
(03) 3556-8960 (Invest HK Unit)
E-Mail: TOK_mailbox@hketotyo.gov.hk
http://www.hketotyo.or.jp/english/abouteto_v_e.html
Hong Kong Special Administrative Region of the People's Republic of China:
Government Information Centre :
http://www.info.gov.hk/index_e.htm
WebGuide Hong Kong:
"The following WebGuide, compiled by James Secreto, a summer intern at
the Ypsilanti U. S. Export Assistance Center, is meant to provide an
overview into the many sources of information which must be considered
in making a business decision."
http://www.exportmichigan.com/webguide_hong_kong.htm.
>>>
I hope I've been able to give you a good start for implementing your
plan. If you have any questions, please post a clarification request
before closing/rating my answer and I'll be happy to assist you.
Please read the disclaimer at the bottom of this page - this answer is
not intended to be a substitute for professional advice.
Thank you,
hummer
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