Let’s say you unintentionally commenced business with no registering it with the government. If you don't implement inside of one thirty day period and you also are caught, you will end up slapped by using a critical penalty of HKD 5,000 and imprisonment for one 12 months, According to the statement that is mentioned beneath the Business Registration Ordinance.

Upon affirmation via the pertinent money institution in the payment with the prescribed fee, the electronic extract of knowledge will be quickly shipped by on-line mode.

With outcome from one March 2018, a brand new licensing regime for rely on or business provider suppliers has occur into Procedure. Anyone who carries on or wishes to carry on a have faith in or corporation service business in Hong Kong is required to apply for a licence from your Registrar of Corporations.

For those who prefer a fingers-on approach, It is additionally doable to make an application for a BRN using a downloadable variety available on the Inland Earnings Section’s Web site. This type could be filled out and submitted in particular person, supplying another avenue for businesses to secure their BRN.

The documents you'll need — and what goes in them — will fluctuate based on your condition and business construction.

The Digital extract may also be seen on screen and downloaded Anytime inside the next seven calendar days from the day of effective application.

When you have a constrained company, then it is important that you need to prepare your company accounts since this can be a legal necessity. company formation charges Unfortunately, This may be an overwhelming activity to perform. The following is definitely an define of what you should do.

It is possible to dissolve a company possibly compulsorily or voluntarily. Though in this post, we will principally give attention to Obligatory dissolution, we can even be talking about voluntary strike-off.

The new Companies Ordinance simplifies the manner of execution of paperwork by firms. The retaining and use of common seal has become optional.

The BRC is a formal document that features detailed facts of a business and is a compulsory need in Hong Kong for company registration, obtained soon after registering your business With all the Business Registration Workplace. The importance of getting a business registration certificate as part of thriving corporation incorporation inside the stipulated timeframe cannot be overstated.

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。

You needs to have a Business Registration Certificate (BRC) on Show at the registered deal with immediately after your organization is registered. It's possible you'll enlist Skilled help from our company to sign up all your business paperwork and also to get a BRC.

The scope of the business registration amount in Hong Kong extends to many business entities, thus making its possession a legal necessity For each business, which include companies incorporated in Hong Kong but primarily based offshore.

The renewal of a business registration certification can be achieved either nose to nose or by article as follows: