5 Essential Elements For HK business registration

5 Essential Elements For HK business registration

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Failure to renew your BRC by the due date may result in penalties, which includes a penalty of HK£three hundred for late renewal. In case the certification expires in advance of renewal, there may very well be additional penalties and court docket proceedings, and you would possibly even be unable to continue conducting business in Hong Kong.

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Seems effortless, doesn’t it? That’s mainly because it is! With the ideal arranging and preparing, the application approach for your BRC can be simple and headache-no cost to effectively entire business incorporation.

You will discover sure exceptions in which you don't require a business registration certificate. Should you be somebody used by a company in Hong Kong, You aren't anticipated to have a BRC.

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The articles of incorporation — or even a certification of incorporation — is an extensive legal document that lays out The essential outline of your business.

To paraphrase, your to start with corporation accounts should be filed in just 21 months of the date of incorporation. This deadline is set by Companies House.

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For most smaller businesses, registering your business is as simple as registering your business title with state and local governments.

Being a tax identification quantity, the BRN is utilised for filing diverse tax types and for conducting tax audits by scrutinising a business’s economical records.

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If your only business action in San Francisco is being a driver for just a TAXI and/or perhaps a Transportation Network Firm (TNC), you will be no longer required to register like a business, or renew your existing business registration. 

With influence from one March 2018, a new licensing regime for have confidence in or firm company providers has come into operation. Any person who carries on or needs to hold over a belief or company services business in Hong Kong is required to apply for a licence in the Registrar of Organizations.

To obtain Accredited extracts of information of a business or Anyone of its branches around the Business Sign-up, you are able to implement via GovHK () and shell out the prescribed fee.