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There are lots of aspects to consider when you want to give a try without a realtor.
So before getting started, let’s discuss the pros and cons regarding buying home with or without a realtor.
Business transfer dataThere are about 140,000 different types of business in Hong Kong (sole proprietorship/partnership/limited liability company), of which 80% have no more than 10 employees and 60% have no more than 4 employees;At any time, there are about 28,000 companies (ie 20%) seeking sales in the market, but most of them have not been successfully sold, and the total selling price is less than HKD1,000,000;There are approximately 110,000 potential buyers in Hong Kong, but the vast majority have never purchased any business.
The service industry is the easiest to sell (45%), followed by the catering industry (18%) and the retail industry (10%);Companies with 1-4 employees have a successful sales rate of 17%; companies with more than 200 employees have a successful sales rate of 35%;8% of SMEs are chain-operated, and this proportion has an upward trend;70% of SME buyers need external financing (banks, relatives and friends) when buying a business, and the average price is 50% of the business price;US commercial intermediaries report that 99% of sellers did not make any relevant preparations before selling the enterprise, which caused many problems, such as irregular financial records and reports, unclear ownership and equity, outdated inventory, and lack of profitability and Service products, underperforming employees, etc.
The reason is usually a lack of understanding of the business buying process, which raises doubts; funding issues; reservations about the company’s continued profitability; and concerns about miscalculation of important information.Business registrationAll business organizations (whether limited liability companies, sole proprietorships or partnerships) must apply for a "business registration certificate" to the business registration office of the tax bureau within one month of opening.Before applying for a business registration certificate, a limited company must first register with the company registry to check whether the company name to be used is used.
This free service provides detailed information about government permits, permits, certificates and approvals required for businesses in Hong Kong to conduct business in Hong Kong.The steps to query the commercial license database are as follows:Please select the business type first;Answer related questions;The database collects and reports the applicable licensing rules and application forms;You can choose to download all or part of the license information.Place of businessLand mainly used for commercial purposes in Hong Kong can be divided into commercial units and industrial plants.
The procedure for renting land is simple, and there are no restrictions on foreign companies in Hong Kong.When looking for a suitable office or store, you can refer to the real estate market statistics provided by the Rating Rating and Valuation Department to consider renting or buying real estate.In addition, related property taxes include poor rates, land rent and stamp duty.
To deal with tax issues, you can make full use of online resources through the electronic public services provided by eLife.RecruitmentWhen the company opened, recruiting employees was an important part.
