HK business registration Secrets

HK business registration Secrets

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Let’s say you unintentionally commenced business devoid of registering it with The federal government. If you don't implement within just one particular thirty day period and you simply are caught, you're going to be slapped that has a intense penalty of HKD five,000 and imprisonment for one particular calendar year, as per the assertion which is mentioned underneath the Business Registration Ordinance.

Though our aim has become around the documents needed for compliant business registration, don’t neglect that you might want further business licenses, permits, certificates, or approvals to operate your business in Hong Kong.

Providers which can be required to comply (“reporting businesses”) must file their Preliminary studies by the subsequent deadlines:

John and Kelly’s point out also requires that they provide files into the tax board soon after registering (not all states have this need).

Treat your internet site like an online Edition of the storefront. It’s the 1st impact for many purchasers and prospective clients.

Now that you have accomplished all the required levels of registering your business. This doc has to be displayed proudly at the business deal with or department wherever your business is performed. Regardless of whether the business registration certification was issued to you electronically or on the internet, you would wish to print it out and Display screen it inside the Place of work.

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Qualified copies or duplicates of valid BRC in respect of corporations registered beneath the 1-stop enterprise and business registration company formation company bank account or modifications of company particulars transmitted from the businesses Registry will Generally be readily available for application two Doing work days following the date of incorporation and registration, or perhaps the date in the event the improvements have been recorded, as the situation might be.

On the encounter of it, it may well appear very simple to compile a set of corporation accounts, but you must be capable in doing so as blunders can result in really serious penalties and increased tax liabilities.

A registered agent receives Formal papers and legal paperwork on behalf of your company. The registered agent needs to be located in the condition where you register.

Micro-entities can prefer to have more simple accounts that satisfy the statutory minimal specifications, and only provide their balance sheet to Businesses Residence.

This article will response many of the questions on why making use of an company for your personal BRC is important. First of all, let us consider an in-depth look at the way it is completed in Hong Kong.

If you'd like to learn how to start a business, you need to likely also determine what it’s prefer to operate just one. Here’s what true business owners give thought to (Hearts and Minds, 2017):

It’s crucial to Observe the business registration certificate cannot be exhibited electronically.