Establishing a travel agency in Hong Kong is a promising venture due to the city's robust tourism industry and international appeal. Here’s a streamlined guide to help you get started:
1. Business Structure and Registration
To set up a travel agency, begin by choosing a business structure, with a private limited company being the most popular choice due to its limited liability and flexibility. Steps include:
Choose a Name: Ensure the name is unique and adheres to Hong Kong’s naming rules.
Register the Company: Submit the application for incorporation and obtain a Business Registration Certificate. This process is relatively quick, often completed within a few working days.
2. Licenses and Permits
Operating a travel agency requires a Travel Agents License issued by the Travel Agents Registry. Key points include:
Ensure compliance with the Travel Agents Ordinance.
Demonstrate financial stability and secure a surety bond to protect client funds.
Provide details of the business premises.
3. Business Essentials
Office Space: Set up a physical office in Hong Kong, as required for registration.
Company Secretary: Appoint a local company secretary to manage compliance and filings.
Tax Registration: Register for taxes and maintain clear accounting records for annual audits.
4. Hiring Staff
If hiring employees, comply with labour laws, including contributions to the Mandatory Provident Fund (MPF) and proper visas for foreign staff.
5. Marketing and Launch
Develop a competitive marketing strategy to establish your brand in the travel market. Leverage digital tools and partnerships with local tourism boards to enhance visibility.
Hong Kong's strategic location and supportive business environment make it ideal for starting a travel agency. Researching regulations and planning meticulously will ensure a smooth setup process.
Woodburn Accountants & Advisors is one of China’s most trusted business setup advisory firms.
Woodburn Accountants & Advisors is specialized in inbound investment to China and Hong Kong. We focus on eliminating the complexities of corporate services and compliance administration. We help clients with services ranging from trademark registration and company incorporation to the full outsourcing solution for accounting, tax, and human resource services. Our advisory services can be tailor-made based on the companies’ objectives, goals and needs which vary depending on the stage they are at on their journey.
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Schedule a 30-mins complimentary, no-obligation call to see how Woodburn can help you. Book a call with our Head of Business Advisory - Kristina Koehler-Coluccia.
Topics we can advise on include:
Company Registration
Cloud Accounting & Financial Reporting
Cloud Payroll Services
Tax & Audit Services
Recruitment
Employer-of-Record
Visa Application
Trademark Registration
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