Let’s say you unintentionally commenced business with out registering it with the government. If you don't utilize in 1 thirty day period and also you are caught, you may be slapped which has a extreme penalty of HKD five,000 and imprisonment for one 12 months, According to the statement that is definitely mentioned under the Business Registration Ordinance.
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In summary, comprehension the part of the Business Registration Selection (BRN) in Hong Kong is critical for businesses running while in the area. From serving as a singular identifier to facilitating tax compliance and economic transactions, the BRN plays a pivotal role in business functions.
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To obtain a BRC, you must complete an on-line application on the government’s website or business registration Business office and pay the business registration charge. Keep in mind that the business registration certificate is a lot more than a mere formality; it’s company formation companies house a authorized necessity in Hong Kong and critical to the Inland Revenue Department.
Try to remember, neglecting to update your business registration certification when you will find adjustments in the particulars could bring about penalties and legal repercussions.
The following table reveals the fashion where Accredited copies or duplicates of a legitimate BRC/branch registration certificate are issued and the supply time:
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In the bustling business landscape of Hong Kong, a Business Registration Variety (BRN) serves as a singular identifier to distinguish business entities from each other. Issued from the business registration Workplace, this special eight-digit selection is utilised for official and regulatory functions.
你可透过此项网上服务，向税务局更改你的业务或分行的营业地址、名称或业务性质，或通知结业。
Our pro accountants will compile your business or own tax return in probably the most tax productive way probable.
Ensuring the scalability and stability on the business network, specially in relation to tax compliance
You ought to submit an application for a business registration certificate in just 30 times of initiating functions in Hong Kong, irrespective of your business mother nature.