Registering a business in Hong Kong is not difficult. However, if you are a foreigner and do not reside full time in Hong Kong, then there are certain forms you need to fill out. Often, to ensure that everything is done correctly, you should hire an accountant or professional who resides in Hong Kong to represent your interests. The business must be registered within a month of operating or incorporating.
Complete the application form. The type of application will vary, depending on how you are registering the business. Individuals will need Form 1(a). A body corporate will need 1(b), partnerships will require Form 1(c) and a branch will need 1(d). Hire an accountant or tax attorney in Hong Kong, who can orient you on the best way to register. If you or your partners do not reside in Hong Kong, then you will need to hire a resident to represent your business and to register it. You will also have to submit form IRBR177.
Submit your registration online via eTAX (see resources). You can also register in person.
Inland Revenue Department 4/F Revenue Tower 5 Gloucester Road Wan Chai Hong Kong
Be prepared to pay the business registration fee and levy. Depending on how you are registering the business, this fee can run from $450 to $4,500, but check for the exact current fee structure. You can choose either a one-year business certification fee or a three-year certification.
Show proof of identity when filling out the form. For Hong Kong residents, this will be a copy of a Hong Kong identity card, and for nonresidents it will be a copy of the owner's passport. When the business is being registered as a body corporate or a partnership, then the certificate of incorporation and all owners’ identifications need to be presented.