Many domestic enterprises will choose to register Hong Kong companies to expand business, so in the registration, the company's business scope should be how to determine? Is it also like the domestic registered company to determine the scope of business?

The business scope of Hong Kong companies differs from that of domestic companies in two aspects.

First, the business scope of a domestic company has clear restrictions, which need to be determined according to the industry in which the company is engaged. The business scope of Hong Kong companies is not restricted by the industry, but very few industries need to obtain the administrative permission of the relevant departments, such as banking, insurance, etc.

Two, the business scope of domestic companies generally have no word limit. For Hong Kong companies, there is a word limit, including punctuation, no more than one word28A.

Although the business scope of a Hong Kong company is not limited, generally speaking, the business scope of a company can reflect the industry or specific business that the company is engaged in, which is more convenient for future business development, bank account opening, bidding and other aspects. If necessary, an application may also be submitted to the Business Registration Division of the Hong Kong Inland Revenue Department to change the scope of business of the Hong Kong company.

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