open a sports business in hong kong
TRANSCRIPT
Open a Sports Business in Hong Kong
A presentation brought to you by OpenCompanyHongKong.com
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Sports Industry in Hong Kong • The sports and fitness industry in
Hong Kong is well developed, providing various options for exercise.
• Sports associations and fan clubs exist throughout Hong Kong and the business field can present several opportunities for the foreign investor.
• Entrepreneurs can open a gym or fitness center and international companies can set-up their fitness chains.
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Sports Clubs in Hong Kong >>• A sports club in Hong Kong is an
association having the purpose of bringing together a number of members and facilitating recreational activities for them.
• A club, for sports or otherwise, provides various services and has a clubhouse.
• Clubhouses in Hong Kong need to obtain a Certificate of Compliance.
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>> Sports Clubs in Hong Kong• Before applying for the Certificate of
Compliance, those who want to open a Hong Kong company to comply with the specific requirements.
• Gyms and fitness clubs can be incorporated as limited liability companies in Hong Kong.
• Investors who want to set-up a sports club can be assisted by our company registration experts in Hong Kong.
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Register a Sports Club in Hong Kong• Investors will need to set-up the
company, and then register it with the Companies Registry.
• Further on, it will be necessary to obtain specific special permits and licenses.
• Businessmen interested in Hong Kong company formation should know that the registration phase is mandatory regardless of the chosen type of company.
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Start a Sports Club in Hong Kong
• The businessmen will also need to search for an adequate gym space for their company in Hong Kong.
• The gym needs to be equipped to fit the needs of a future sports or fitness club.
• Access in these establishments is usually provided via a membership card.
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Special Licenses for Sports Clubs >>
• A sports facility will need to pass several inspections and comply with the applicable safety norms for a public facility.
• Places of public entertainment in Hong Kong must have a valid license, called a public entertainment license.
• Our team of company formation representatives in Hong Kong can offer assistance in this sense.
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>> Special Licenses for Sports Clubs
• Sports exhibitions or contests will also need to obtain relevant licenses.
• Applications can be submitted for obtaining a license for a place of public entertainment or a temporary place of public entertainment.
• Investors can also provide the power of attorney to our specialists to handle such matters.
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Sports Law in Hong Kong
• Investors should also know that sport activities in Hong Kong are regulated by the provisions established under the Basic Law of the Hong Kong Special Administrative Region.
• The legislation recognizes two main categories of sports:
Tier A (athletics, gymnastics, swimming, etc);
Tier B (dance, golf, judo, etc)
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Business Consultancy in Hong Kong
• Our specialists can help investors to open a company in Hong Kong, as well as to obtain designated licenses and permits for their activities.
• Please contact our team of company formation consultants in Hong Kong for professional incorporation services.
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Thank you for your attention!
• For more information please contact us at:
(+44)203-287 0408 (for international clients)
www.opencompanyhongkong.com 11