BUSINESS The purpose of this section is to provide comprehensive details required for starting a new business. The purpose of this section is to provide comprehensive details required for starting a new business. Hong Kong is a famous city for its rustic charm, sophisticated metropolitan lifestyle, shopping, and extremely delicious food. But there’s one other thing for which Hong Kong is Additionally, this section will also cover the entire process of starting any business in general. The process will cover how to start a business, some of the best banks for start-ups, accounting and tax information for business, licenses, and regulations required for business. Additionally, it also covers marketing and promotion options available for business. Even though it offers a good starting point for the first step, we recommend you to refer to additional information if you are launching a new business in Hong Kong.
How To Launch A Food Business In Hong Kong Do you live in Hong Kong and are thinking of launching your food business right there? Well, if your answer is positive, then you are reading the ideal article that will help you turn your dream into a reality. Before we begin, it is imperative to note that residents of Hong Kong are commonly known for the passion they have for food. This should not be shocking to you as Hong Kong is popularly known as the melting pot of lots of cultures with many diverse and unique food scenes. While lots of businesses had no choice but to close as a result of the COVID-9 pandemic, licenses for food businesses have heightened in their number. In other news,
it means that there is a constant market and demand that is very high. Starting off: While starting a food business may look like a difficult task, understand that having a complete view of the procedures and requirements in the food industry will make everything quite manageable. The starting point for an official restaurant license is to have a well-defined concept of the restaurant with all its details. The license issuing authority is the Food and Environmental Hygiene Department (FEHD). A “General Restaurant License” is the first one to get. A plethora of supplementary licenses is required to run a successful restaurant in Hong Kong, where licenses are a must for just about everything.
When launching a food business in Hong Kong, the steps to follow are: 1. Get your certificate of incorporation For your business to be registered in Hong Kong, you will need to obtain a certificate of incorporation. And, the department that issues this certificate is the Hong Kong Companies Registry. Use the Cyber Search Centre. To get this certificate, the criteria you need to follow include: • Select a name for your business It is vital that whatever name you pick is available. And, you can carry out a free search of all existing company names via the Companies Registry’s cyber search center. • Have your company’s Articles of Association ready, and you can get a sample here. • Ensure you have a bank account open for your business 39
