HK business registration - An Overview

Nevertheless, some motorcyclists are complaining the process is slow and want the MoT to open An additional inside of Ganta to speed up the registration, while others say the registration caught them unexpectedly since it didn’t go over the county.

Submitting specific paperwork to your business registration Business office is needed to obtain a BRN. These normally contain:

If you'd like to understand how to start a business, you need to probably also determine what it’s prefer to run a person. In this article’s what serious business homeowners take into consideration (Hearts and Minds, 2017):

A minimal business is a different legal entity, that is certainly, a lawful individual in its individual right and independent from its entrepreneurs. The benefit of constrained legal responsibility through functioning as being a minimal company also provides with it obligations in so much as the business should comply with the different provisions in the businesses Ordinance (Chapter 622 with the Guidelines of Hong Kong).

If you need any enable Be happy to drop us an e mail or Get in touch with us by using the Reside chat functionality. We are generally pleased that can help.

Lots of business entrepreneurs choose to make use of a registered agent assistance rather then tackle this function themselves.

If you're under a person month late in submitting, then you will incur a good of £a hundred and fifty. Late submitting penalties enhance after a while. By way of example, Should you be over six months late in filing, Then you really will incur a penalty in the sum of £1,five hundred.

In case you have currently produced a licence software, you may make use from the Licence Software Monitoring Facility to check the appliance status on-line.

The brand new Corporations Ordinance simplifies the method of execution of documents by companies. The keeping and usage of prevalent seal is currently optional.

Plus, in case you apply for BR right after above a single 12 months, the Business Registration Workplace will assume you to definitely distinct the expense for current recharging, all the costs for your yrs that you have not long gone alongside, and any punishment That could be compelled therein.

Micro-entities can choose to have easier accounts that satisfy the statutory bare minimum specifications, and only deliver their equilibrium sheet company formation 247 to Firms Property.

You will need to have a Business Registration Certificate (BRC) on Screen with the registered tackle just after your business is registered. You may enlist professional assistance from our agency to register all your business files also to get a BRC.

To boost defense of personal info privateness, with effect from 1 November 2021, applicants for Digital extract of information of sole proprietorships or partnerships to the Business Register are necessary to give their particulars also to declare that: the information acquired from the appliance will only be useful for activities referring to ascertaining whether the pertinent business is registered beneath the Business Registration Ordinance (Cap. 310) plus the particulars of that business so registered; and

Furthermore, you will likely lose business due to the fact different brokers will need to begin to see the BRC ahead of working with you. It’s finest to prevent taking threats by applying for any BRC thoroughly.