Establishing a Trading Company in Hong KongA presentation brought to you by LawFirmHongKong.com

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Asia’s Trading Hot Spot

• Hong Kong is an international trade centre that also holds one of the busiest ports in the world.

• Its close proximity to China and favourable position in the Asia-Pacific region makes the city a good location for all companies that want to engage in trade activities or expand their operations in Asia.

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Trade in Hong Kong

• Hong Kong has a significant merchandise trade and it is also a recipient of offshore trade.

• The import and export trade sector accounts for a large portion of the city’s GDP and it is also an important employer.

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Trade and International Relations

• Hong Kong is an attractive destination for foreign direct investment and the trade sector is also a recipient of foreign capital.

• Hong Kong is a member of international organizations and the city has free trade agreements with various states. The double tax treaties also encourage economic cooperation.

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Trading Companies in Hong Kong

• Hong Kong trading companies are established like any other type of legal entity, with the particularity that they will need to obtain special permits and licenses for importing and exporting goods.

• The Trade and Industry Department in Hong Kong oversees the import and export of goods and trade companies are subject to its regulations.

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Requirements for Opening a Trading Company in Hong Kong

• Investors who want to open a business that engages in trade should first choose the type of company most suited for their business needs.

• The private limited liability company is a popular choice for trading purposes but larger corporations may be established in the form of the public limited liability company.

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Trading Company Incorporation in Hong Kong

• Investors who want to open a trading company in Hong Kong will need to choose a suitable and original business name. Logos, designs, colours and other can be trademarked in Hong Kong.

• The company obtains its Business Registration Certificate upon registration with the Company Registry.

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Trading Company Compliance in Hong Kong

• Annual financial reporting is mandatory for all companies in Hong Kong.

• The tax year has a predefined term and our lawyers in Hong Kong can give you details on tax liability and accounting principles.

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Importing and Exporting Laws in Hong Kong

• Several policies for imports and exports are in place in Hong Kong. A certification system is in place for exported items.

• Special licensing and control applies to certain goods.

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Legal Assistance for Trade in Hong Kong

• Investors interested in knowing more about the legislation for trade, imports and exports in Hong Kong can seek professional legal advice.

• You can contact our law firm in Hong Kong to talk to one of our attorneys.

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