Take on the world from Hong Kong’s trading hotspot

Step 1: Register your company
Choose a business structure (e.g., sole proprietorship, partnership, or LLC) and register with the Companies Registry (CR). Registration is fast and can be done online.

Step 3: Handle Import/Export clearances
Prepare necessary documents like licenses, and invoices for customs inspections; then submit these to the Customs and Excise Department.

Step 4: File Import/Export declarations
Submit electronic declarations within 14 days of import/export via government-approved service providers. Ensure accuracy to avoid penalties.

Step 5: Pay customs fees
Hong Kong is largely tax-free for imports/exports, except for excise duties on specific goods like liquors and tobacco. No VAT or GST applies.

Read more details in our related article on how to start a trading company in Hong Kong.

Generally, a trading business in Hong Kong does not require a specific business license. Only the Certificate of Incorporation and a Business Registration Certificate is needed.

However, depending on the type of goods you import or export, certain licenses or permits may be necessary. For example, you may need licenses for dutiable goods (e.g., alcohol, tobacco), controlled chemicals, pharmaceuticals, or food items. You can obtain these permits from relevant government departments such as the Customs and Excise Department, the Department of Health, or the Agriculture, Fisheries, and Conservation Department.

To maintain compliance, your trading company must:

• File annual profits tax returns with the Inland Revenue Department.
• Renew the business registration certificate annually.
• Appoint and maintain a company secretary.
• Submit audited financial statements each year.
• Keep accurate records of shareholders, directors, and meetings.
• Submit import/export declarations and related documents if applicable.

BBCIncorp can handle these ongoing compliance tasks to ensure your business operates smoothly and stays compliant with Hong Kong’s regulations. For more inquiries, don't hesitate to get in touch with our team at service@bbcincorp.com.

No, a physical office is not mandatory for setting up a trading business in Hong Kong. However, you are required to have a registered office address in Hong Kong, which can be provided through virtual office services. This address will be used for official correspondence and legal requirements.

Your trading business in Hong Kong will primarily be subject to:

• Profits Tax: 16.5% on net profits (over HK$2,000,000) and 8.25% for profits below that threshold.
• Business Registration Fee: An annual fee for maintaining your business registration with the Inland Revenue Department.

Additionally, customs duties may apply to specific dutiable goods like alcohol, tobacco, and petroleum products.

Yes, expanding your trading business to the US from Hong Kong is relatively straightforward. Hong Kong’s strong global connectivity, free trade policies, and efficient logistics infrastructure make it easy to reach international markets, including the US. Hong Kong has various double taxation treaties, which simplifies tax obligations when doing business in the US. Additionally, Hong Kong’s simple company setup and favorable tax environment help streamline the process of establishing global trade connections.

However, you’ll need to comply with US import regulations, including customs duties and product-specific licenses.

Yes, you can manage your trading company remotely from anywhere. Hong Kong’s business-friendly environment allows for digital management of most business operations. With BBCIncorp’s Client Portal, you can access real-time updates on compliance, financials, and other corporate matters. Key tasks such as filing taxes, maintaining records, and managing communications will be handled remotely by our expert team. You will, however, need to ensure that you have a registered office address in Hong Kong, which can be serviced virtually.

How can BBCIncorp services help my trading business?

• Effortless company formation: We handle the entire registration process for a smooth setup.
• Seamless bank account setup: We assist opening business accounts, from traditional local banks to other financial institutions.
• Reliable ongoing compliance: We manage your tax filings, company secretary services, and annual compliance to keep your business running smoothly.
• Global expansion support: Receive expert guidance on expanding into international markets, leveraging Hong Kong’s strategic advantages.

Let BBCIncorp take care of the essentials, so you can focus on scaling your trading business with ease. Reach out to our team today!