The 2-Minute Rule for HK business registration

To improve protection of private info privacy, with result from 1 November 2021, applicants for Licensed extracts of information of sole proprietorships or partnerships about the Business Sign-up are required to give their particulars and also to declare that: the knowledge obtained from that application will only be used for actions relating to ascertaining whether or not the applicable business is registered beneath the Business Registration Ordinance (Cap. 310) as well as the particulars of that business so registered; and

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An organization tax return is submitted with HM Revenue and Customs each and every year, it reports on the business’s earnings, losses, financial loans, and another contributing components that relate to the organization’s tax liability.

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After registering their DBA name — based on regulations from the state, county, and city they registered in — John and Kelly publish a public discover in a local newspaper announcing their new business. They offer evidence of publication on the Office environment they registered with.

A single purpose why it is important to Exhibit the BRC continually is since Anytime a HK govt administrative officer can arrive by for an Formal inspection. Should your BRC isn't exhibited on the Workplace, you will end up slapped Together with the aforementioned fines (and much more). It's essential to Ensure that you have this.

The document requirements can vary with regards to the kind of business, such as a agent Office environment. By way of example, the registration of a sole proprietorship business requires a duplicate on the operator’s Hong Kong identity card or relevant evidence of identity for non-residents, together with the concluded application form on the Business Registration Business.

Certified extracts of data in regard of companies registered underneath the 1-end company and business registration company formation services company, or variations of organization particulars transmitted from the businesses Registry will Usually be obtainable for application 2 Doing the job times after the date of incorporation and registration, or perhaps the date if the changes are recorded, as the case might be.

You will find there's different deadline for paying Company Tax, or informing HMRC that your business has zero liability, That is nine months and at some point once the conclude from the accounting time period to your Corporation Tax.

From helping with name availability checks and drafting authorized files to handling registration, our crew is here to guidebook you thru the procedure and bring your organization to everyday living.

Permit 360 be your trustworthy partner in enterprise formation – Get in touch with us now To find out more about our solutions And exactly how we may help you accomplish your business goals.

Micro-entities and modest businesses are permitted to use an exemption so that there is no want for an audit on their own accounts. You could make your mind up regardless of whether you should mail a copy of one's income and decline account and director’s report. You might have a simpler balance sheet.

Because the Business Register would not include information on businesses which have ceased for ten years or more, or new businesses for which the registration process hasn't still been finished, be sure to tend not to apply for the extract of knowledge on these businesses.

In addition, you will likely eliminate business because distinct brokers will require to begin to see the BRC before working with you. It’s greatest to stop having risks by applying for your BRC correctly.

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