Little Known Facts About HK business registration.
Little Known Facts About HK business registration.
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Failure to renew your BRC in time may lead to penalties, which includes a penalty of HK£300 for late renewal. If the certificate expires in advance of renewal, there might be added penalties and court docket proceedings, and you may even be unable to carry on conducting business in Hong Kong.
As of January one, 2024, quite a few providers in America will have to report details about their effective owners – the individuals who eventually own or Regulate the organization.
With effect from one March 2018, a fresh licensing routine for have confidence in or corporation service suppliers has occur into operation. Any person who carries on or wishes to hold on the belief or organization service business in Hong Kong is needed to apply for a licence from your Registrar of Companies.
公司注册、商业登记以及商标注册的作用各异，它们受不同的法例规管，并由不同的政府部门管理。你可透过此网页了解三者的分别。
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Now that you've got accomplished all the required stages of registering your business. This doc needs to be shown proudly for the business handle or branch wherever your business is performed. Although the business registration certificate was issued to you electronically or online, you would want to print it out and display it during the Business.
To the facial area of it, it could seem to be very simple to compile a set of organization accounts, but you should be proficient in doing so as blunders can cause significant penalties and enhanced tax liabilities.
Punishments will not be by any means, the only hazards that accompany resistance. Your business will most likely imagine that It is really difficult to document assessment kinds, which could even mean a far more relating to problem with IRD.
With influence from 1 March 2018, a brand new licensing regime for belief or corporation provider company formations online vendors has appear into Procedure. Any person who carries on or needs to hold on the trust or corporation provider business in Hong Kong is required to submit an application for a licence from the Registrar of Organizations.
A registered agent gets Formal papers and lawful paperwork on behalf of your business. The registered agent need to be located in the state in which you sign up.
Bear in mind, the renewal frequency For extra business licenses, such as the business registration certificate, in Hong Kong differs dependant on the specific license, so constantly check with the government Site to understand the renewal necessities for every license.
Failure to file organization accounts in time may lead to undesired late submitting penalties. Late filing penalties have been launched to stimulate administrators to file their accounts and studies in time as this facts is needed for the public document.
To boost defense of private details privacy, with impact from 1 November 2021, applicants for electronic extract of data of sole proprietorships or partnerships over the Business Sign up are needed to provide their particulars and to declare that: the information obtained from the application will only be utilized for pursuits regarding ascertaining whether or not the applicable business is registered underneath the Business Registration Ordinance (Cap. 310) and the particulars of that business so registered; and
We will accumulate all the necessary data from you and speak to your past accountant in your behalf if relevant.