How to set up company in Hong Kong?
The Inland Revenue Department of Hong Kong took the responsibility to ensure the general society gets business information after having the business credentials from the owners in return they get a Business Certificate. It is mandatory for businesses to pursue a Business Certificate within one month from the date of commencement of the business in Hong Kong. The owner of a company or a business can raise his business from start-up to its additional branches under the guidance of the Inland Revenue Department (IRD) of Hong Kong.
What is Business Registration Certificate?
Are you an entrepreneur or a businessman? To get a Business Certificate, Branch Business Certificate, and other Incorporate Certificates the owner has to fulfil the Inland Revenue Department of Hong Kong requirements. By holding a Business Certificate, the owner operates his business with the obligations, benefits, and legal rights in Hong Kong. The incorporation Certificate will be displayed at the company’s premises and should be renewed every year.
- Branch Business Registration Certificate must be requested for each Additional Branch.
- The changed information business policies must be reported to Inland Revenue Department within one month of existence.
Many companies and businesses in Hong Kong own this Business Certificate, you should also claim a copy before doing business.
Business Certificate Fee in Hong Kong?
Setting up a Business in Hong Kong is very easy and convenient with Easycorp. The Government implies two types of Business Registration Fee. First is for One year with Hong Kong business registration fee (HK BR Fee) costs HK$250 with a validity period of 1 year. On the other hand, second is HK$3,650 has a validity period of 3 years. The renewal of the Business Registration Fee (HK BR Fee) on an annual basis as the amount set by the Government can vary yearly. For the current rates of 1 year and 3 years Hong Kong BR registration or business registration Hong Kong or business registration fee details, please visit Easycorp.
The information mentioned on Business Registration Certificate
The following information is mentioned in Hong Kong Business Registration Certificate.
- Registration Number
- Certificate Type
- Certified Company name in Chinese, English or
- Date of Establishment
Types of Businesses Required to be Registered by the Inland Revenue Department
We can make a better process for business registration if we know the types of businesses and companies. Easycorp helps the clients to settle a business or company which are mentioned below in Hong Kong that is required to register according to the Inland Revenue Department (IRD).
- Businesses that operate craftsmanship for the purpose of profit.
- Social recreation Organizations
- Any business that operates in commerce and trade.
- Established foreign Companies willing to settle business in Hong Kong.
- Incorporate companies under the Companies Ordinance.
- Clubs that provide facilities and services to the members.
Easycorp helps the owners in all stages to legalize their businesses and companies. The company provides many services in different disciplines like Forming an Offshore Company, Company Secretarial Services, Setting up a Company in Hong Kong, Setting up a Bank Account, Virtual Office etc.
Registration Fee Exempted Businesses and Companies
The organizations that wish to waive their registration fee, should fall under the fee waiver eligibility list. If you are running a charitable organization, or make less than $10,000 a year in sales from your primary income, your business will be exempt from the business registration fee. To learn more about the registration fee exemption, speak with a trained and experienced business registration expert at Easycorp.
Additional Branch Registration Certificate
Additional branch names must match the name of the overseas or local parent company. A Hong Kong resident must be a representative of the business. The representative can be an individual or body corporate. The separate parent company’s Memorandum and Articles of Association (MAA) will not be applicable. A branch office must be a physical location. Easycorp can assist you with its expert team.
Get a Samples of Business Registration Certificate and Branch Registration Certificate
To download or to view a specimen of valid BR registration certificates or business registration certificates, or branch registration certificates as a point of reference, visit the Hong Kong Inland Revenue Department’s https://www.easycorp.com.hk/.