5 Essential Elements For business registration HK
5 Essential Elements For business registration HK
Blog Article
Though getting a business registration variety is necessary, you will discover vital advantages of obtaining a BRN:
We're going to obtain all the necessary information from you and speak to your earlier accountant in your behalf if applicable.
Participating in business functions in Hong Kong without the requisite licenses is considered unlawful and could bring about repercussions which include fines and imprisonment
Accredited copies or duplicates of valid BRC in regard of LPFs registered under the simultaneous business registration software provider or adjustments of LPF particulars transmitted from the businesses Registry will Generally be accessible for software 2 Doing the job days after the date of registration, or perhaps the day if the alterations had been recorded, as the case might be.
Deal with your website like an internet based version of a storefront. It’s the 1st perception for many purchasers and potential customers.
Depending on how major or smaller your business is, you may additionally require to organize an auditor’s report or even a director’s report. Nonetheless, if The federal government considers your business like a micro-entity or a little business, then you will be in a position to provide simpler “abridged” organization accounts to Businesses Household that don't call for any auditing.
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If you are wondering what ARD indicates, it means the tip of one's financial calendar year. Your yearly accounts will be prepared to this exact day yearly.
You will want the subsequent data to complete the renewal and also to work out the business registration price:
The BRC is a proper document that features in depth specifics of a business and is particularly a company formations compulsory need in Hong Kong for business registration, obtained right after registering your business While using the Business Registration Business. The significance of acquiring a business registration certification as Portion of effective firm incorporation in the stipulated timeframe cannot be overstated.
A business registration certification is mandatory whether it’s a partnership, an unincorporated entity, a international corporation conducting business in Hong Kong, or perhaps a non-income organisation.
Quite simply, your initial firm accounts must be filed in just 21 months in the day of incorporation. This deadline is set by Firms House.
John and Kelly informed the right authorities that they’re working a business by registering their car repair store.
In addition, you'll likely lose business since distinctive brokers will need to see the BRC just before dealing with you. It’s most effective to avoid using pitfalls by implementing for a BRC effectively.