Detailed Notes on HK business registration

Detailed Notes on HK business registration

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Allow’s say you unintentionally commenced business devoid of registering it with the government. If you don't use within just one month and you simply are caught, you're going to be slapped using a serious penalty of HKD five,000 and imprisonment for 1 yr, According to the assertion that may be said beneath the Business Registration Ordinance.

Submitting specific documents for the business registration Office environment is necessary to obtain a BRN. These commonly include:

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Many hundreds of motorcyclists are in the queue on the neighborhood MoT Place of work in Ganta to sign up their bikes and procure license plates

Enterprise dissolution (or company strike off) is basically among the indicates of formally shutting down an organization and removing its file from the Companies Sign-up.

New businesses that sign-up just after the beginning in the registration 12 months will have their registration charges prorated, other than for many who qualify with the minimal registration price for Agenda A or Schedule B  and AOT Fee.  

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The brand new Organizations Ordinance simplifies the mode of execution of files by corporations. The trying to keep and use of common seal has become optional.

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Inside the bustling business landscape of Hong Kong, a Business Registration Quantity (BRN) serves as a novel identifier to tell apart business entities from each other. Issued because of the business registration Business office, this distinctive eight-digit amount is utilised for official and regulatory needs.

Usually, statutory accounts encompass a balance sheet, a financial gain and loss account, and also notes pertaining to the accounts. A harmony sheet indicates almost everything that the company owes, is owed, and owns. A income and decline account indicates the managing fees, product sales, and any gain or loss acquired by your business around a certain economic time period.

You will need to have a Business Registration Certificate (BRC) on Screen at the registered deal with after your organization is registered. You might enlist Qualified assistance from our company to register all your organization files and to get a BRC.

For the reason that Business Sign-up doesn't include information on businesses that have ceased for 10 years or even more, or new businesses for which the registration system has not but been concluded, please tend not to submit an application for the extract of information on these businesses.

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