The 2-Minute Rule for HK business registration

The 2-Minute Rule for HK business registration

Blog Article

Failure to renew your BRC on time may lead to penalties, like a penalty of HK$three hundred for late renewal. In case the certificate expires in advance of renewal, there may be extra penalties and court docket proceedings, and you could possibly even be unable to carry on conducting business in Hong Kong.

We will obtain all the mandatory data from you and make contact with your past accountant with your behalf if applicable.

Seems quick, doesn’t it? That’s because it is! With the proper organizing and planning, the appliance approach for your BRC is usually straightforward and hassle-totally free to efficiently comprehensive firm incorporation.

Many hundreds of motorcyclists are inside of a queue for the neighborhood MoT office in Ganta to sign-up their bikes and obtain license plates

The files you need — and what goes in them — will differ determined by your condition and business framework.

The content of incorporation — or possibly a certificate of incorporation — is a comprehensive lawful doc that lays out The fundamental outline of your business.

Around the confront of it, it could appear to be uncomplicated to compile a list of firm accounts, but you will need company formation companies to be skilled in doing this as faults may lead to serious penalties and elevated tax liabilities.

The BRN is for tax-linked needs, although the CRN is Utilized in legal paperwork and govt data.

Then There is certainly your organization willingness in showing help on how greatest I might be aided to be familiar with what is predicted of me. Mr James Burns

In some instances, you don’t have to register whatsoever. For those who conduct business as you using your lawful name, you gained’t should sign-up everywhere. But bear in mind, should you don’t sign-up your business, you may pass up out on personalized liability safety, authorized Added benefits, and tax benefits.

你可透过此项网上服务，向税务局更改你的业务或分行的营业地址、名称或业务性质，或通知结业。

The BRC isn’t a one particular-and-performed offer. Standard renewal is important to keep up its validity. The business registration certification needs to be renewed in one particular to a few a long time right after the organization is incorporated, and it’s advisable to resume the certification at the least one particular month prior to its expiration date.

In addition, some states also require you to sign-up your DBA — a trade name or even a fictitious name — if you utilize a person. Look at with all your condition federal government Place of work to determine what is actually expected in your town.

Not simply does this display compliance with rules, but Furthermore, it lends trustworthiness for your business. In the end, your business registration certification is often a testomony for the legitimacy of one's business.