Nature of business

You need to declare the nature of your business e.g. if you are in the trading business, then the nature of your business is Trading.  If you are running a restaurant, then the nature of your business is Food & Beverage.

The definition of your business (or nature of business) will be shown on the Business Registration License, and it should not consist of more than 60 characters (including space between words).

Accordingly, nature of business is usually very brief but be careful not to be too vague otherwise the Inland Revenue Department may reject it. For example, if you do consulting you can considered to specify in what area you provide this service, for example “IT Consulting”.

In case you intend to operate in more than one area of business, you can simply declare your main business nature only as Hong Kong companies are authorized to exercise in any legal business whatever their definition of business is.

Read our articles:

Nature Of Business: Complex or Simple? Long or Short?

Regulated and Non-Regulated Activities Hong Kong