Regardless of your business form, you need to start off the BRC software system within 30 times of launching your Hong Kong business. Even though all businesses are required to implement inside of this timeframe, the timing may possibly differ slightly for selected forms of businesses.
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You may have particular governing administration licences, permits, certificates and approvals to begin your business operations in Hong Kong. You may test the Business Licence Data Services to obtain on the internet the types of licences you might want to work your business.
Certified copies or duplicates of valid BRC in respect of LPFs registered under the simultaneous business registration application support or improvements of LPF particulars transmitted from the businesses Registry will Ordinarily be available for application 2 working days after the date of registration, or the date when the changes were recorded, as the case may very well be.
These obligations incorporate the well timed disclosure and reporting of specified information about the business, its officers and shareholders, etcetera. and any changes in this sort of info to the Registrar of Corporations. Each individual officer of a firm has the accountability to make certain the organization has complied with these provisions.
One rationale why it's important to display the BRC always is due to the fact Anytime a HK governing administration administrative officer can arrive by for an Formal inspection. In case your BRC just isn't shown on the Office environment, you're going to be slapped With all the aforementioned fines (plus much more). You should Make sure you have this.
Upon getting obtained your BRN with the Business Registration Office, verifying it for a variety of purposes could come to be essential. The verification course of action can be carried out on the net utilizing the eTAX company supplied to the Hong Kong government Internet site.
The next table shows the fashion where Licensed copies or duplicates of a valid BRC/department registration certification are issued as well as shipping time:
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This selection is received from the Inland Profits Department using the demanded business registration kinds, making sure that every business has a novel quantity assigned for its identification.
Above All of this, you would nevertheless really have to apply for registration and fork out the fees and levy for the current 12 months which include all the many years you fail to pay. For that reason, it's best if You begin your business and Adhere to the process to register your business in time in lieu of having the chance and getting caught by the government and having to spend severely.
You need to have a Business Registration Certification (BRC) on Show in the registered handle immediately after your organization is registered. You could possibly enlist Specialist guidance from our company to sign up all your organization paperwork and to get a BRC.
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The renewal of the business registration certificate can be done both face to face or by write-up as follows: