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How to write the business scope of a Hong Kong company:CORP、Licensing business and account opening sensitive items

Financial card care question

Hong Kong companyexistBusiness scopeHigh flexibility in setting。Generally speaking,As long as the business content does not violate Hong Kong laws,Companies can carry out relevant business activities,such as finance and investment、healthcare、Shipping、Import and export trade、real estate、architecture、information network、Clothing and Textile、travel、Cultural publishing, etc.。

When registering a Hong Kong company,The business scope does not have to be specified in detail。If the company wants to reserve space for subsequent business adjustments,You can also choose not to fill in the specific business scope。Except for products or services prohibited by law,Companies can usually carry out corresponding business under the premise of compliance,This will reduce the modification costs and administrative procedures caused by changes in the nature of the business in the future.。

When not filling in the business scope,Business registration certificatewhat will be displayed

If the specific business scope is not filled in when registering a Hong Kong company,The business registration certificate usually shows "CORP",stands for "company"。This does not mean that the company cannot run its business,Rather, it presents the nature of the company in a more general way。

Although Hong Kong companies have relatively few restrictions on their business scope,,But in actual registration、Open an accountand subsequent compliance operations,The expression of business scope still needs to be handled with caution。We recommend that companies focus on evaluating the following matters before filling out the form::

  1. Determine whether the business involves an applicationlicenserange,For example, insurance broker、stock broker、asset Management、bank、money exchange company、Headhunting companies, etc.。If the business itself is regulated,You should first confirm the corresponding license or permit requirements,Avoid operations affected by insufficient qualifications after registration。
  2. Assessing sensitivity when opening a bank account。Some industries may be considered higher risk in bank due diligence,such as antiques、Jewelry and other businesses,If it is not the core business content,It is not recommended to appear randomly in the business scope,To avoid increasing the cost of account opening explanation。
  3. Avoid using words that may raise regulatory or approval concerns,e.g. trust、foundation、Chamber of Commerce、royal、tourism association、department、government、Office、parliament、committee etc.。If the company has not fully determined its business direction in the early stage,Relatively general expressions can also be used,such as trade、science and technology、Investment etc.,To reflect the general business direction and retain business flexibility。

Hong Kong Information Communication Practical Suggestions

The core of the business scope of Hong Kong companies is not "the more you write, the better",It’s about business flexibility、Bank account opening、Balancing licensing regulations with long-term compliance。for ordinary trade、Technology or investment companies,Broader but less sensitive formulations may be used;For those involving finance、Insurance、asset Management、pay、Exchange and other business companies,You should plan the license plate route in advance,Ensure company registration information、Actual business model consistent with regulatory requirements。


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Zhao Ziqing

Zhao Ziqing is good at Hong Kong company registration、Company Secretarial Services and Compliance Document Application Process,have 6 years of experience,Be familiar with business registration regulations、NNC1 declaration、Director and Beneficiary Declaration、Annual filing and corporate governance document requirements,Can help customers successfully complete company establishment and daily compliance processes。

Areas of expertise:Hong Kong company registration、Company secretarial services、NNC1 declaration、Business Registration Ordinance、Corporate governance document requirements。

Previous institutions:Hong Kong company secretarial services and business registration agencies

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