New Step by Step Map For HK business registration

New Step by Step Map For HK business registration

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Let’s say you accidentally commenced business devoid of registering it with The federal government. If you do not utilize within just one particular month and you are caught, you're going to be slapped using a significant penalty of HKD 5,000 and imprisonment for a single year, According to the statement that is definitely stated beneath the Business Registration Ordinance.

Submitting particular paperwork for the business registration Business office is necessary to get a BRN. These typically contain:

Acting for a routing transit number for banks, enabling accurate and productive forex transfer between accounts

For many who choose a hands-on approach, it is also feasible to apply for a BRN employing a downloadable kind offered about the Inland Profits Department’s Site. This way can be stuffed out and submitted in man or woman, furnishing An additional avenue for businesses to secure their BRN.

Your merchandise or companies might have mental house. As a result, it is best to get the necessary steps to take advantage of, protect and regulate intellectual home in order to enjoy quite possibly the most of business values arising from its ownership.

New businesses that sign up soon after the start on the registration yr should have their registration fees prorated, besides for those who qualify for the minimal registration payment for Agenda A or Schedule B  and AOT Fee.  

Upon getting acquired your BRN in the Business Registration Business office, verifying it for many reasons may well turn into needed. The verification course of action might be performed on-line using the eTAX service provided within the Hong Kong authorities Web site.

The new Providers Ordinance simplifies the mode of execution of documents by providers. The preserving and utilization of common seal has become optional.

Then There's your agency willingness in displaying assist on how ideal I is often aided to be aware of what is predicted of me. Mr James Burns

We could not have asked for a more welcoming, beneficial firm to interact with. Simon, constantly a enjoyment to speak as well and sorts any queries more rapidly than lights. Jamie in credit rating Management, fantastic interaction and normally pleasant to company formation Hong Kong deal with.

Earlier mentioned all this, you would probably however should make an application for registration and pay out the charges and levy for the current calendar year which include every one of the a long time you fail to pay for. For that reason, it is best if You begin your organization and Stick to the procedure to sign up your business by the due date as an alternative to using the danger and having caught by The federal government and being forced to pay severely.

A business registration certificate is not just a formality in Hong Kong — it’s a legal necessity for all businesses.

If you would like know how to start a business, you ought to probably also really know what it’s want to operate just one. In this article’s what serious business homeowners consider (Hearts and Minds, 2017):

To acquire Qualified extracts of data of the business or Anyone of its branches on the Business Register, you are able to use through GovHK () and shell out the prescribed cost.