register a company with the hong kong customs
TRANSCRIPT
Register a Company with the Hong Kong CustomsA presentation brought to you by LawFirmHongKong.com
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Trade Company Operation in Hong Kong
• Trade companies that engage in activities like import and export must be registered with the Hong Kong Customs.
• The registration must take place before the company commences its business activities.
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Special Licenses for Import and Export Companies in Hong Kong
• Trade companies in Hong Kong need to observe a series of rules and regulations imposed by the Government regarding the clearance procedure for passengers, cargo, and some traded goods.
• Special licenses are needed for dutiable commodities, some prohibited goods and in other cases.
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Registration with the Hong Kong Customs Department
• A company that applies for registration with the Customs and Excise Department in Hong Kong needs to submit a registration form containing the basic data about the company.
• The name of the company, its business registration license the scope of activity and traded goods are needed in order to obtain a license.
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Import and Export Clearance
• Companies in Hong Kong that transport goods are required to provide documents for customs clearance.
• These include the special permits and licenses needed for import and/or export, the manifests and the supporting documents such as bills, invoices, packing lists, etc.
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Special Customs Clearances in Hong Kong
• The Customs and Excise Department in Hong Kong is the agency authorized to perform trade verifications on the territory of the Special Administrative Region.
• One of our lawyers in Hong Kong can give you detailed information on the licenses required and their check-up.
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Dutiable Goods
• Import and export companies in Hong Kong need to comply with the Custom’s Department regulations for dutiable commodities.
• These include liqueurs, tobacco, hydrocarbon oil and methyl alcohol.
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Prohibited Goods
• Trade companies in Hong Kong that import/export prohibited goods must obtain a relevant permit for these types of articles.
• They include controlled chemicals, dangerous drugs, explosives, infectious goods, certain types of equipment or certain foodstuffs.
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Trade Companies in Hong Kong
• Hong Kong companies in the trade sector need to comply with the same requirements for registration, name selection and licensing as other types of companies.
• The profit derived from commercial and trade activities in Hong Kong is subject to taxation.
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Legal Aid for Trade in Hong Kong
• Companies in need of legal assistance can request the services provided by our law firm in Hong Kong.
• Investors can contact us for more information about the laws on customs registration and other issues related to trade in Hong Kong.
Thank You for Your Attention!
For more information please contact us at:
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http://www.lawfirmhongkong.com 11