The 2-Minute Rule for HK business registration
The 2-Minute Rule for HK business registration
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Failure to file business accounts punctually can lead to unwelcome late filing penalties. Late submitting penalties ended up released to really encourage administrators to file their accounts and reviews by the due date as this data is necessary for the general public report.
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There won't be any exceptions to the types of businesses that have to have a BRC in the business registration Business along with the Inland Revenue Section.
The state where you form your business will think about your business being domestic, even though each and every other state will perspective your business as international. Foreign qualification notifies the point out that a international business is Lively there.
Shipping of once-a-year return by a public firm or simply a assure corporation in respect of the corporate’s financial yr that starts on or just after three March 2014 should comply with The brand new demands underneath the new Corporations Ordinance (Cap.
Now which you’re in business, you need to remain there. Xero’s bought resources company formation login and alternatives that will help.
After you have received your BRN from the Business Registration Place of work, verifying it for several applications might turn into important. The verification system is usually done on the web utilizing the eTAX service offered over the Hong Kong authorities Web page.
It is possible to dissolve a corporation either compulsorily or voluntarily. Despite the fact that in this post, We'll largely concentrate on compulsory dissolution, we will even be discussing voluntary strike-off.
Using a BRN is just not just about regulatory compliance; it can be a robust Instrument for business progress. By leveraging your BRN, you could:
The U.K. and Hong Kong Have got a relationship spanning over 180 yrs, and in 2021, a different leaf is turned While using the new British isles BN(O) visa route built available to HongKongers who are suitable British nationals.
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Do you call for assistance using your year-conclude accounts? We can deal with distributing your calendar year-finish accounts to HMRC and corporations Household on your behalf. It is actually obligatory for limited corporations to post these accounts, and failing to do so may end up in considerable fines if the company is just not in compliance Along with the legislation.
If you wish to understand how to start a business, it is best to probably also understand what it’s want to operate just one. In this article’s what genuine business proprietors think of (Hearts and Minds, 2017):
It’s essential to Be aware which the business registration certificate can't be exhibited electronically.