Detailed Notes on HK business registration

Detailed Notes on HK business registration

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Failure to renew your BRC on time can lead to penalties, such as a penalty of HK$three hundred for late renewal. If the certification expires right before renewal, there could be further penalties and court proceedings, and you might even be not able to carry on conducting business in Hong Kong.

Publishing certain documents for the business registration Place of work is needed to acquire a BRN. These ordinarily consist of:

Treat your website like a web based Variation of the storefront. It’s the first impression for many customers and potential clients.

You can find specific exceptions during which you do not demand a business registration certification. If you're somebody employed by a company in Hong Kong, You're not expected to possess a BRC.

You might require to file further documentation together with your condition tax board or franchise tax board. These filings are typically referred to as Original Studies or Tax Board registration, and most often must be filed in thirty-ninety days Once you sign up Using the point out.  

Micro-entities and little businesses are allowed to use an exemption so that there's no need to have for an audit on their accounts. You are able to choose regardless of whether you want to send a replica of one's gain and loss account and director’s report. You might have a simpler stability sheet.

Just before making use of for any business licenses, it is essential to have your business registered with the businesses Registry

The BRN is for tax-associated reasons, when the CRN is Employed in lawful files and authorities documents.

You will find a different deadline for shelling out Company Tax, or informing HMRC that your business has zero legal responsibility, this is nine months and at some point after the conclude with the accounting period of time for your Company Tax.

In the same way, abroad firms intending to open up a branch in Hong Kong should also submit an application for a business registration certification inside of a single month of establishing their put of business in Hong Kong.

所有在本港经营的业务均须办理商业登记。不属法团的业务(如独资或合伙业务)须在开业后一个月内提交申请。你可在此搜寻有关登记新业务、续期及取消商业登记的手续。

Should you be a little business or maybe a micro-entity, then you can choose to prepare your very own accounts for the constrained firm. It's not at all crucial that an accountant file your accounts, nevertheless it is extremely encouraged.

Other than, the prescribed software sorts for every type of business are actually a little bit amended as well as their new varieties are company formations place into use due to the fact 21 February 2011. You should seek advice from the following goods of the Business Registration for even more information -

Ordinarily, you don’t really need to sign up with county or town governments to really variety your business.