Hong Kong Trading Service
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Trading Service in Hong Kong
Hong Kong is a free port, which means imported and exported goods do not have to pay any tariffs, nor do they have any tariff quotas or surcharges. This fact alone has attracted investors from different countries to develop in Hong Kong over the decades. Together with Hong Kong’s geographical advantages, it is safe and sound for overseas companies to enter the Mainland through Hong Kong as a springboard. As the most important financial and business center in Asia, Hong Kong is also a leading location for trading companies since this special administrative region has advantageous policies for trading, which includes import and export activities.
Hong Kong boasts a business-friendly environment, low taxes, the rule of law, free economy, modern infrastructure, and wealth of talent.
As a well-known logistics and maritime services hub as well as a regional trading centre, Hong Kong is ideally positioned to be the “super-connector” between the Mainland and the rest of the world. As China’s major international financial centre, and one of the world’s financial capitals, Hong Kong has the experience, the expertise, and the connections to play a role as a major fundraising hub.
Some business activities in Hong Kong do require a license from a specific agency or a department of the Hong Kong government. Therefore, It is an important step to know whether your business falls into activities that must have licenses in Hong Kong or not. Premia TNC provides one-stop trading services in Hong Kong with years of experience and professional trading knowledge, we believe our team can make your business run smoothly.
Please contact us for more details.
Letter of Credit (L/C) Service
- Preparation of Opening Letter of Credit (“LC”) and LC Negotiation/Collection Documents
- Preparation of L/C transfer and Amend transfer application
- Preparation of L/C’s Certificate
- Preparation of Bank’s Letter
Logistics Service
- Shipping arrangement
- Booking arrangement for customer designated forwarder
- Preparation of Commercial Invoice & Packing List
- Delivery arrangement (Local to Local)
- Unloading service arrangement for FCL (full container load)
- Temporary storage service for FCL (Full container load) / LCL (Less than container load)
- Preparation of Export/Import Declarations
License Service
- Export/Import License
- Registration of Importer & Distributor
- Certificate of Origin (CO) Issuance
FAQs for Trading Service in Hong Kong
1. WHAT IS A TRADING SERVICE?
A trading service is a business that specializes in buying, stocking, and delivering products to customers.
2. IS HONG KONG A GOOD PLACE TO START A TRADING SERVICE BUSINESS?
Despite its small size, HK is one of the largest exporters of merchandise trade and is also an enormous exporter of commercial service.
There are two primary reasons for this:
1. – Hong Kong’s ‘free trade policy’ – a policy that minimizes barriers and eliminates tariffs on the import or export of goods.
2. – CEPA – The Closer Economic Partnership Agreement (otherwise known as the Hong Kong-China Free Trade Agreement) gives HK companies preferential access to the Mainland China market. This means that as long as you produce a ‘Certificate of Hong Kong Origin’ you won’t have to pay any tariffs.
3. DO I NEED ANY LICENSES TO OPEN A TRADING SERVICE IN HONG KONG?
FAQs for Trading Service in Hong Kong
1. WHAT IS A TRADING SERVICE?
2. IS HONG KONG A GOOD PLACE TO START A TRADING SERVICE BUSINESS?
3. DO I NEED ANY LICENSES TO OPEN A TRADING SERVICE IN HONG KONG?
Depending on the goods you work with, operating a trading business might require you to hold certain permits.
Typically you will need a license to import any goods that could be damaging to public health or that could pose a security threat.
Some examples include:
- Pharmaceutical products
- Food items
- Animals
- Pesticides
- Hazardous chemicals
- Radio transmission equipment
- Importing/exporting of plants
- Radioactive substances
- Strategic commodities
- And more
Be sure to contact us to see if you need to apply for any specific permits or licenses.
4. HOW DO I REGISTER A TRADING SERVICE IN HONG KONG?
While it is possible to do it yourself, if you are registering or forming a trading business in Hong Kong, we always recommend hiring an agency that provides professional trading services.
Hiring an agency will help ensure that everything is being done in full cooperation with government protocols and laws.
Registering and forming a business without an agency can be risky as it can set you up for problems later down the line.
If you are interested in a trading service in Hong Kong, contact us to get a quote and to get your business started on the right foot.
Do you need more information?
You may refer to these Hong Kong business expansion guides to find out more:
Hong Kong Company Incorporation
Are you planning to register or incorporate a company in Hong Kong?
Hong Kong Company Secretary Services
You need a company secretary if you are thinking to starting a company in Hong Kong.
Hong Kong Taxation System
Hong Kong tax regime is well known for its attractive corporate and personal tax rates.