How to Register a New Sports Company
- a22162
- Oct 17, 2023
- 3 min read
How to Register a New Sports Company
To register a new sports company in Hong Kong, you will need to follow these steps:
Choose a company name. Your company name must be unique and not already in use by another company in Hong Kong. You can check the availability of company names on the Companies Registry website.
Choose the legal vehicle of your company. The most common type of company in Hong Kong is a limited liability company (LLC). This means that the shareholders' liability is limited to the amount they have invested in the company.
Appoint a company secretary. Every company in Hong Kong must have a company secretary. The company secretary can be an individual or a company. The company secretary is responsible for maintaining the company's statutory records and ensuring that the company complies with all applicable laws and regulations.
Select the registered address of your company. Your company's registered address must be a physical address in Hong Kong. This can be a business address, a residential address, or the address of a virtual office.
Prepare the incorporation documents. The incorporation documents include the company's memorandum and articles of association, the company's business registration certificate, and the company's notice of appointment of company secretary.
Submit the incorporation documents to the Companies Registry. You can submit the incorporation documents online or in person.
Pay the government fee. The government fee for registering a company in Hong Kong is HK$1,725.
Once you have submitted the incorporation documents and paid the government fee, the Companies Registry will process your application. If the application is successful, the Companies Registry will issue you with a certificate of incorporation. This certificate is proof that your company has been legally incorporated in Hong Kong.
Additional requirements for sports companies
In addition to the above requirements, there are a few additional requirements for sports companies in Hong Kong. These include:
You must obtain a public entertainment license if you plan to organize sports events that are open to the public.
You must comply with the Sports Federation and Olympic Committee of Hong Kong, China (SF&OC) if you plan to participate in international sports competitions.
You must comply with the Hong Kong Sports Institute (HKSI) if you plan to receive government funding for your sports company.
How to get help with registering a sports company in Hong Kong
If you need help with registering a sports company in Hong Kong, you can contact Bestar. Bestar can help you with all aspects of registering your company, including choosing a company name, preparing the incorporation documents, and submitting the application to the Companies Registry.
To get help with registering a sports company in Hong Kong with Bestar, you can follow these steps:
Visit the Bestar website or contact us by phone or email.
Provide Bestar with some basic information about your company, such as the proposed company name, the type of company you want to register, and the number of shareholders.
Bestar will provide you with a quote for our services.
Once you have accepted the quote, Bestar will guide you through the registration process and prepare all of the necessary documents.
Bestar will submit the registration documents to the Companies Registry on your behalf.
Once your company has been incorporated, Bestar will send you the certificate of incorporation and other relevant documents.
Bestar also offers a variety of other services for businesses in Hong Kong, such as accounting, tax preparation, and compliance services. This can be helpful for sports companies, which often have complex financial and regulatory requirements.
Here are some of the benefits of using Bestar to register your sports company in Hong Kong:
Bestar is a professional and experienced company formation service that has a proven track record of success.
Bestar can help you with all aspects of the registration process, from choosing a company name to submitting the incorporation documents to the Companies Registry.
Bestar offers a variety of other services for businesses in Hong Kong, such as accounting, tax preparation, and compliance services. This can be helpful for sports companies, which often have complex financial and regulatory requirements.
If you are interested in registering a sports company in Hong Kong, contact Bestar to discuss your needs.
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