5 Easy Facts About HK business registration Described

Failure to resume your BRC in time can result in penalties, such as a penalty of HK£300 for late renewal. When the certification expires ahead of renewal, there could possibly be additional penalties and court docket proceedings, and you could even be not able to continue conducting business in Hong Kong.

On top of that, the new need for organizations to confirm and preserve up-to-date info on advantageous possession Through retaining an important Controllers Register was applied on a similar day.

There isn't any exceptions to the categories of businesses that require a BRC from the business registration Business as well as Inland Revenue Division.

Accredited copies or duplicates of legitimate BRC in regard of LPFs registered underneath the simultaneous business registration software assistance or variations of LPF particulars transmitted from the businesses Registry will normally be available for application two working times once the day of registration, or perhaps the date once the adjustments have been recorded, as the case could be.

You might have to file supplemental documentation with all your point out tax board or franchise tax board. These filings are generally known as First Studies or Tax Board registration, and most often need to be filed inside of 30-90 times When you sign-up While using the point out.  

Dependant upon how large or compact your business is, you may also want to prepare an auditor’s report or simply a director’s report. Even so, if the government considers your business to be a micro-entity or a small company, then you will be capable to provide less complicated “abridged” business accounts to Corporations Residence that don't demand any auditing.

It’s extra than just a bit of paper; it truly is your company’s Tax Identification Amount (TIN), which must be shown inside your Business and proof of your business incorporation. Additionally, by ensuring that the business complies with the Companies Ordinance, the business registration certificate process contributes appreciably to economic expansion in Hong Kong.

It is feasible to dissolve an organization either compulsorily or voluntarily. Regardless that in formation company bank account the following paragraphs, We'll principally deal with Obligatory dissolution, we can even be speaking about voluntary strike-off.

GovHK’s Taxes segment directs you to definitely resources of detailed details about revenue tax, tax obligations of business operators and companies.

From helping with identify availability checks and drafting legal documents to handling registration, our crew is below to guideline you thru the procedure and bring your company to lifestyle.

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Digital extract of information in regard of companies registered beneath the one-prevent firm and business registration services or improvements of organization particulars transmitted from the businesses Registry will Typically be readily available for software two working days following the day of incorporation and registration, or maybe the day when the adjustments had been recorded, as the case can be.

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Nose to nose – You'll want to take a look at the Business Registration Business office on your new certificate If your business handle adjusted, Then you certainly need to file an IRC 3111A and report it to the government.