The 2-Minute Rule for HK business registration

The 2-Minute Rule for HK business registration

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Let’s say you accidentally commenced business with no registering it with the government. If you don't implement inside a person month and you simply are caught, you can be slapped using a serious penalty of HKD five,000 and imprisonment for one particular year, as per the assertion which is mentioned under the Business Registration Ordinance.

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This easy document describes the basic principles of the limited legal responsibility partnership. It notifies the state of the partnership’s existence and has simple business info like the corporation title, handle, and associate names. Not all states need it, plus some states phone it by a different title.

We're ideal recognized for our all-inclusive unrestricted provider prepare, which includes all accounting solutions essential by a UK business (also see accountants for modest businesses) and even more for a hard and fast month to month fee.

You may have to file extra documentation with the state tax board or franchise tax board. These filings are typically called Initial Reviews or Tax Board registration, and most often must be filed inside thirty-90 times after you register With all the point out.  

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Once you have acquired your BRN with the Business Registration Office, verifying it for different uses may come company formation 247 to be important. The verification procedure is often done on-line using the eTAX provider delivered on the Hong Kong authorities Internet site.

If you have by now manufactured a licence application, you can also make use on the Licence Application Monitoring Facility to examine the appliance status on the net.

The files required to confirm your identification depend upon the sort of business you register, sole proprietorship or constrained liability organization. Put together all your documents nicely prior to according to the type of your business.

The Companies Registry is conducting a Customer support Study to gather opinions from buyers and assistance us realize your preferences and enhance our providers. We wish to invite you to accomplish the survey type on the web within the link beneath:

Earlier mentioned All of this, you should still must make an application for registration and pay out the service fees and levy for The existing yr such as every one of the decades you fail to pay for. Hence, it's best if You begin your business and Adhere to the process to register your business by the due date in lieu of taking the chance and acquiring caught by the government and being forced to pay out severely.

If you are a little corporation or perhaps a micro-entity, You'll be able to choose to prepare your individual accounts to your confined organization. It is not vital that an accountant file your accounts, however it is very recommended.

It is widely proposed to build one particular to protect yourself plus your business, whether or not your state doesn’t mandate it.

The simplicity and consistency on the registration selection structure ensure ease of use across distinct industries and enterprises.