5 Easy Facts About HK business registration Described

5 Easy Facts About HK business registration Described

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Failure to resume your BRC on time may result in penalties, such as a penalty of HK$300 for late renewal. If the certification expires before renewal, there may be additional penalties and courtroom proceedings, and you would possibly even be unable to carry on conducting business in Hong Kong.

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It is possible to get hold of both a Licensed copy or simply a duplicate of a sound BRC or a department registration certification of a business or branch from the Business Registration Workplace. You are able to apply by using GovHK () and pay back the prescribed cost.

Also, to function within the lawful framework in Hong Kong, a business wants each a corporation registration range as well as a business registration number, emphasising the importance of each these figures in business operations.

You might have to file supplemental documentation with the point out tax board or franchise tax board. These filings are generally called First Reports or Tax Board registration, and most frequently need to be submitted within just thirty-90 days When you sign up Using the state.  

Other businesses need to register Together with the Inland Revenue Section in one particular thirty day period of business commencement. Look into the back links below for that businesses required to be registered, when and the way to register, in addition to on-line application specifics.

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Having said that, it’s a good practice to set a personal calendar reminder each 12 months to prevent missing the deadline.

For example, businesses registered for a sole proprietorship or a partnership must specially utilize within one month of commencement.

The UKxHK company formation agents near me organisations and Some others (some outlined beneath) are below to deliver enable and assist to asylum seekers, and advocate for advancement within the process.

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For that reason, you do not need to sign-up for your business registration certification. Functions from charitable businesses do not need business transactions and for that reason, will not need a business registration certification.

It is really extensively proposed to generate one to guard on your own and your business, whether or not your point out doesn’t mandate it.