These are generally important for conducting certain kinds of business pursuits and are generally issued through the Hong Kong government.
Being an employer you have got sure statutory obligations and duties for your personnel. Study the varied labour legislation for in-depth information on work protection and Added benefits for workers, including conditions of employment, workforce’ payment, occupational protection and health, and many others.
No, enterprise registration and business registration are certainly not a similar. Organization registration establishes an organization's company standing, while business registration lets an organization to perform business legally.
The condition in which you sort your business will take into account your business to become domestic, when each and every other point out will check out your business as international. Overseas qualification notifies the state that a foreign business is active there.
Some states enable you to sign up on the internet, plus some states make you file paper paperwork in man or woman or through the mail.
Micro-entities and compact businesses are permitted to use an exemption so that there is no have to have for an audit on their own accounts. You are able to choose regardless of whether you should mail a replica of your respective earnings and decline account and director’s report. You could have a less complicated balance sheet.
Along with the BRC, businesses might demand other certain licenses and permits for their operations in Hong Kong, which has to be acquired and renewed as per government regulations to conduct business activities lawfully.
An employer is necessary to enrol each complete-time and part-time workforce aged eighteen to underneath sixty five and employed for sixty days or more in an MPF plan. You could select a number of MPF schemes offered available in the market and enrol your workers in these schemes. Click on the links underneath To find out more.
To create this method of firm incorporation a breeze, ensure you have all needed company formation made simple paperwork Completely ready for submission, including:
By scanning the FPS QR code around the Invoice or utilizing the TPS to pay taxes, businesses can assure correct and well timed tax payments, Therefore staying away from the chance of penalties linked to non-compliance.
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Also, the BRN also plays a crucial part in streamlining tax compliance processes and simplifying the entire process of acquiring licenses and permits. With its capability to optimise business functions across unique locations, the BRN serves for a beneficial Resource for businesses in Hong Kong.
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The renewal of a business registration certificate can be done possibly nose to nose or by write-up as follows: