Considerations To Know About HK business registration

Considerations To Know About HK business registration

Blog Article

Failure to renew your BRC by the due date can lead to penalties, which includes a penalty of HK£300 for late renewal. In the event the certification expires right before renewal, there could possibly be more penalties and courtroom proceedings, and you may perhaps even be not able to continue conducting business in Hong Kong.

Although a United kingdom limited business will need to have a United kingdom registered Workplace handle. The all inclusive bundle is perfect for Global prospects.

To resume your BRC, you need to post the finished sort, needed documents, along with a crossed cheque by mail to the selected handle of your Inland Revenue Section (IRD), or you'll be able to check out the IRD Workplace in particular person with the aged business registration certification to request a fresh new demand from customers Take note.

Accredited copies or duplicates of legitimate BRC in regard of LPFs registered underneath the simultaneous business registration software company or adjustments of LPF particulars transmitted from the Companies Registry will Usually be readily available for software two Operating days after the date of registration, or maybe the day when the improvements had been recorded, as the situation can be.

*The copy of a sound BRC /department registration certificate may also be considered on screen and downloaded Anytime in just two months with the day of profitable application.

Micro-entities and small businesses are allowed to use an exemption so that there's no require for an audit on their own accounts. You are able to come to a decision regardless of whether you ought to deliver a duplicate of your earnings and reduction account and director’s report. You might have a simpler stability sheet.

Ahead of applying for almost any business licenses, it is critical to get your business registered with the businesses Registry

Newly developed or registered businesses: Reporting organizations designed or registered to perform business in the United States in 2024 have 90 calendar times to file following acquiring true or community recognize that their corporation’s generation or registration is helpful.

If you would like apply for an extract of data of the registered business or any of its branches on the Business Register or possibly a Qualified duplicate /duplicate of its valid business/branch registration certificate, you happen to be necessary to give the business registration variety plus the identify with the business involved.

If you are starting a business, the day of incorporation will likely be the start of one's money year along with the ARD is quickly established as the very first anniversary of the final working day while in the thirty day period by which the corporation was incorporated.

Over All of this, you would nevertheless should submit an application for registration and pay out the costs and levy for The existing calendar year which includes every one of the years you fail to pay. Consequently, it is best if you start your company and Stick to the procedure to sign-up your business promptly instead of having the danger and obtaining caught by The federal government and needing to pay seriously.

The BRC isn’t a one particular-and-carried out offer. Common renewal is important to maintain its validity. The business registration certification must be renewed inside of one to 3 a long time following the corporation has actually been incorporated, and it’s recommended to resume the certificate a minimum of 1 month prior to its expiration date.

Other than, the prescribed software sorts for every type of business are actually a little bit amended as well as their new sorts are actually set into use considering the fact that 21 February 2011. Be sure to check with the subsequent goods on the Business Registration for further data -

This website takes advantage of cookies to transform your knowledge As you navigate through the website. Out of these, the cookies which are categorized as required are stored with your company formation agents browser as These are important for the Doing the job of essential functionalities of the web site.