business registration fee - An Overview
business registration fee - An Overview
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Allow’s say you unintentionally commenced business with no registering it with the government. If you don't apply within just a single thirty day period and you also are caught, you may be slapped which has a significant penalty of HKD five,000 and imprisonment for a single calendar year, as per the statement that is said underneath the Business Registration Ordinance.
We will collect all the required details from you and contact your previous accountant in your behalf if applicable.
To resume your BRC, you must submit the completed variety, vital paperwork, plus a crossed cheque by mail for the designated handle with the Inland Profits Division (IRD), or you are able to visit the IRD Business in man or woman using your previous business registration certification to ask for a contemporary demand Notice.
Numerous motorcyclists are inside a queue at the area MoT Office environment in Ganta to sign-up their bikes and obtain license plates
These obligations contain the well timed disclosure and reporting of specified information regarding the company, its officers and shareholders, and many others. and any adjustments in such facts for the Registrar of Companies. Every single officer of a company has the accountability to make sure that the corporation has complied with these provisions.
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The document needs could vary with regards to the style of business, like a consultant Place of work. As an illustration, the registration of a sole proprietorship business requires a duplicate of your operator’s Hong Kong identification card or appropriate proof of identity for non-people, together with the concluded application type towards the Business Registration Office.
Certified copies or duplicates of legitimate BRC in regard of businesses registered underneath the 1-halt corporation and business registration assistance or improvements of firm particulars transmitted from the Companies Registry will Typically be available for software two Functioning days once the day of incorporation and registration, or even the date in the event the improvements have been recorded, as the case may very well be.
GovHK’s Taxes portion directs you to sources of in-depth specifics of profits tax, tax obligations of business operators and companies.
From assisting with name availability checks and drafting authorized paperwork to dealing with registration, our group is below to guideline you thru the process and bring your company to existence.
Typically, statutory accounts consist of a equilibrium sheet, a income and loss account, and notes pertaining to your accounts. A stability sheet implies anything that the business owes, is owed, and owns. A profit and reduction account indicates the functioning expenditures, sales, and any financial gain or loss attained by your business above a specific fiscal interval.
Managing your own business is extremely satisfying, but for the monetary yearend, items can from time to time become demanding and time-consuming, particularly if You aren't a reliable accountancy Experienced trying to compile a set of accounts.
To enhance security of private knowledge privacy, with effect from one November 2021, applicants for Digital extract of knowledge of sole proprietorships or partnerships around company formations 247 the Business Sign up are needed to give their particulars and to declare that: the information attained from the appliance will only be used for activities concerning ascertaining if the pertinent business is registered under the Business Registration Ordinance (Cap. 310) as well as particulars of that business so registered; and
In addition, you will probably drop business since distinct brokers will need to see the BRC prior to dealing with you. It’s most effective to stay away from getting pitfalls by making use of for any BRC effectively.