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Startup How-Tos: What licences do I need for starting a business?

Startup How-Tos: What licences do I need for starting a business?

Application for various licences is one of the essential preparations for starting a new business. See the information below of some basic licences required: 1. Registration of a New Company A new company is required to complete its company registration at the Companies Registry and obtain a Certificate of Incorporation. The legal liability varies among different types of companies. For example, a limited company must comply with the various provisions in the Companies Ordinance (Chapter 622 of the Laws of Hong Kong) which include the timely disclosure and reporting of specified information about the company, its officers and shareholders, etc. and any changes in such information to the Registrar of Companies so that members of the public can have ready access to the latest information of the company kept by the Registrar of Companies. It simply takes three steps and HK$1720 to register a new company. You may choose to submit you application either electronically through our "e-Registry" or by delivering the documents in hard copy to the CR with the correct fees. Please refer to the website of Companies Registry or Incorporation of a Local Limited Company for further information. 2. Business Registration The Business Registration Ordinance requires every person who carries on a business in Hong Kong to apply for business registration within 1 month from the date of commencement of the business, and to display a valid Business Registration Certificate at the place of business. Under the one-stop company and business registration service, you will be deemed to have made a business registration application at the same time you deliver an application for incorporation of a local company or an application for registration of a non-Hong Kong company. The Companies Registry will issue the Certificate of Incorporation (or the Certificate of Registration of Non-Hong Kong Company) and the Business Registration Certificate in one go if the application is successful. Other businesses have to register with the Inland Revenue Department within one month of business commencement. Check out the website of Inland Revenue Department for further information and fees on Businesses Registration. 3. Particular Business Licence You may need particular licences, permits, certificates and approvals from the Government to start your business operations at individual fields in Hong Kong, for example catering, construction and finance. You may try the Business Licence Information Service to acquire online the kinds of licences you need to operate your business. If you have already made a licence application, you can make use of the Licence Application Tracking Facility to check the application status online. GovHK also provides access to detailed information regarding restaurant licensing, telecommunications licences, environmental permits and licences, etc.   Source: Companies Registry, Inland Revenue Department, Business Licence Information Service, Licence Application Tracking Facility, GovHK   “Startup How-tos” is an introductory guidebook written for entrepreneurship newbies, providing startup tips and related public services information.

Startup

15-09-2020

Social Entrepreneur Series - Edutainment for inclusion [Community Participation]

Social Entrepreneur Series - Edutainment for inclusion [Community Participation]

Social Entrepreneur – Alan Lee   Sign language is the basic form of communication used by the hearing impaired (HI). Most people cannot read sign language, making it difficult for HI to communicate with the general public. Alan Lee, whose deceased mother was HI, understands the difficulties faced by HI well. Serious illness induced by cancer prohibited his mother from wearing any hearing aids, causing difficulties in her communication with medical personnel. "If the public know a little simple sign language, they can have better communication with HI and help reduce their anxieties and helplessness." Inspired by his mother’s experience in hospital, Alan established Rubber Boy Academy with his knowledge in animation to produce a series of 3D "edutainment" (blending educational and entertainment elements) animation featuring the cartoon character "Rubber Boy", aiming to enhance mutual communication between the public and HI. Training courses on 3D animation design and production will be provided to assist HI to enjoy a better career development and remuneration. "Even for persons without hearing impairment, there are times when gestures speak better than speech." Alan hopes "Rubber Boy" can change the public's perception of sign language, thus encouraging the public to learn while promoting social inclusion.   Innovative Venture – Rubber Boy Academy The innovative venture mentioned above is funded by the Social Innovation and Entrepreneurship Development Fund and assisted and supported by the Fund’s intermediaries in project implementation.  The details of the innovative venture are as follows: Name of Organisation: Rubber Boy Academy Limited Service nature: Community Participation Beneficiary group: Persons with disabilities Project type: Prototype Intermediary Programme: Impact Incubator   What is Social Entrepreneur Series? Stories of how other social entrepreneurs aspired to start their own business might facilitate your social innovation and entrepreneurship exploration. A series of social entrepreneur stories will be featured and categorised into six sub-series: Education and Learning, Job Training and Opportunities, Community Participation, Healthcare, Food and Transport.  What you are going to read are stories of social entrepreneurs taking forward the startup projects that help themselves and others.

Co-working Space Locator

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Co-working Spaces

Apart from capital and social networks, young people may also need office space or studio to launch their businesses. In recent years, many young entrepreneurs prefer to develop their business in a co-working space. Paying heed to their own needs and budget, young people can choose a suitable one from the many co-working spaces across the territory.

Startup

13-08-2020

Government Funding Schemes for Startups

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