Permit’s say you accidentally commenced business without having registering it with the government. If you don't use inside of just one month and you are caught, you will be slapped that has a serious penalty of HKD 5,000 and imprisonment for a person calendar year, According to the statement that is certainly stated under the Business Registration Ordinance.
Excellent remote accountancy services. I are already working with them for more than 5 yrs now as well as their provider is excellent. Andrew & Ryan have normally been accessible to assistance.
From aiding with identify availability checks and drafting authorized paperwork to dealing with registration, our crew is here to guideline you through the procedure and bring your company to life.
At the time the appliance is submitted, businesses can expect to get their Business Registration Certificate somewhere around two days pursuing the date of incorporation, in accordance Along with the Business Registration Ordinance. Failing to present a Business Registration Certification to verify the authorized existence of your business may lead to hefty fines And perhaps jail time, so make sure you prioritise this when wanting to start a business in Hong Kong, regardless of whether it's a non-Hong Kong firm based offshore.
These obligations involve the timely disclosure and reporting of specified information about the corporation, its officers and shareholders, and many others. and any adjustments in such information and facts on the Registrar of Businesses. Every officer of a firm has the responsibility to ensure that the corporate has complied with each one of these provisions.
The BRN performs a vital purpose inside the realm of economic transactions. Staying a tax identification number, the business registration amount allows businesses to perform precise and economical transactions when filing tax returns.
I've utilised More than Accountants for over5 many years now. These are always handy and approachable. Able to assist with troubles and take care of concerns. Owing to Danny and Jamie for assistance and advice.
Startupr is amongst the major business registration and incorporation providers in Hong Kong. We can help you to sign up your business in Hong Kong and obtain all the right paperwork to set it up.
With effect from one March 2018, a new licensing routine for believe in or enterprise service suppliers has arrive into Procedure. Any person who carries on or company formation Hong Kong needs to carry over a trust or organization assistance business in Hong Kong is required to apply for a licence in the Registrar of Corporations.
The UKxHK organisations and others (some outlined under) are listed here to offer support and guidance to asylum seekers, and advocate for advancement during the system.
Micro-entities can opt to have easier accounts that fulfill the statutory minimal prerequisites, and only produce their equilibrium sheet to Firms Residence.
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And Khamis, complete star. Many work necessary on a really short House of your time, and is usually serene and reassuring. A tremendous thank you from us for conserving us lots of time and gray hairs
The simplicity and regularity on the registration range structure ensure simplicity of use across various industries and enterprises.