5 Easy Facts About HK business registration Described
5 Easy Facts About HK business registration Described
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Allow’s say you unintentionally commenced business devoid of registering it with The federal government. If you don't use inside a person month and you are caught, you'll be slapped with a severe penalty of HKD 5,000 and imprisonment for one 12 months, as per the statement that is stated underneath the Business Registration Ordinance.
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The paperwork you may need — and what goes in them — will range based on your state and business structure.
Micro-entities and compact businesses are allowed to use an exemption so that there is no have to have for an audit on their own accounts. You could come to a decision irrespective of whether you ought to ship a replica of the revenue and decline account and director’s report. You might have a simpler equilibrium sheet.
When you have a limited company, then it is important that you should put together your company accounts since that is a legal need. However, this can be an intimidating endeavor to perform. The next is really an define of what you have to do.
It seems like The federal government finally yielded towards the motorcyclists’ need mainly because the continued registration and insurance usually are not provided, anything the MoT brokers refused to comment on.
GovHK’s Taxes portion directs you to sources of in depth information regarding revenue tax, tax obligations of business operators and businesses.
In the same way, abroad companies planning to open a branch in Hong Kong must also submit an application for a business registration certification in just 1 thirty day period of creating their area of business in Hong Kong.
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The pointers for displaying your BRC are fairly simple. It must be prominently exhibited for the deal with exactly where your business is situated. This suggests it should be in a place that’s obvious and available.
The scope in the business registration amount in Hong Kong extends to virtually all business entities, therefore producing its possession a legal need For each business, which includes businesses incorporated in Hong Kong but dependent offshore.
The formation company startup renewal of a business registration certificate can be achieved either head to head or by put up as follows: