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How to determine the business scope of a registered Hong Kong company?

Released Date: Dec 27,2021 Article Source: HUANZE

With the development of international economy, now more and more enterprises will choose to apply for the registration of Hong Kong company to expand the company's international business, so before applying for registration, how to determine the business scope of Hong Kong company? Do you need to define your business scope?

With the development of international economy, now more and more enterprises will choose to applyRegistered Hong Kong companyTo expand the company's international business. How to determine the business scope of a Hong Kong company before applying for registration? Do you need to define your business scope?

Registered Hong Kong companyThere are two differences between our business scope and that of domestic companies. First, the business scope of domestic companies must be defined in accordance with the industry in which the company is engaged, with clear restrictions. The business scope of Hong Kong companies is not limited by the industry, but a few industries must obtain the administrative approval of the relevant departments, such as: financial institutions, commercial insurance, etc.; Second, the business scope of domestic companies generally does not have a word limit. The business scope of Hong Kong company is limited by the number of words, including punctuation, no more than the number of words28A character.

Although Hong Kong companies are not limited in their scope of business, generally speaking, The business scope of a Hong Kong company can reflect the industry or actual business process of the company, which is more convenient for future market development, bank account opening, public bidding and other aspects. ifRegistered Hong Kong companyIt is necessary to change the scope of business of the Hong Kong company. An application can also be submitted to the Business Registration Division of the Hong Kong Tax Bureau, China to change the scope of business of the Hong Kong company.

How should the business scope of a Hong Kong company be determined?

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