Business Registration Sole Proprietorship Hong Kong
For Foreign investors- Copy of passport and latest overseas residential address proof of. Therefore the owner is legally responsible for all the liabilities and debts.
For Registration Of A Company And Incorporation An Application Has To Be Filed With Register Of Compani Registration Articles Of Association Registration Form
Business for 1 investor.
Business registration sole proprietorship hong kong. Business registration applies to every business in Hong Kong. By post to PO. Sole proprietorship is considered the easiest and simplest form of business in Hong Kong.
This is a sample of what the Business Registration Certificate looks like in Hong Kong. In Hong Kong companies law Sole Proprietorship is the-simplest-to-obtain business entity for a firm with one owner. In the sole proprietorships both the company and the owner are considered as the one unity.
Online Search on Companys Particulars. Submit in person to the Business Registration Office at 4F Revenue Tower 5 Gloucester Road Wan Chai Hong Kong. Once you have been issued with your Business Registration Certificate your profits tax file number will be the same number that is printed on your certificate.
Sole Proprietorship What is Sole Proprietorship. The licence is valid for one year. Image from Inland Revenue Department Hong Kong.
Know Your Customers Guidance. If you are doing business with Hong Kong companies and would like to know more information about them the Hong Kong Companies Registry offers online search services on companies registered in Hong Kong. Meanwhile the payment of HK3950 for a certificate has a validity period of 3 years.
Box 29015 Gloucester Road Post Office Hong Kong. Registering your sole proprietorship in Hong Kong must be completed within a month from the date your business commences. 310 provides that any person carrying on sole proprietorship or partnership business shall apply for business registration within one month of the commencement of such business.
Learn more about the application procedures for new business registration as well as renewal and cancellation. Generally the Hong Kong business registration fee costs HK250 for a certificate with a validity period of 1-year. An individual who conducts business in Hong Kong as a sole proprietor must register with the Business Registration Office of the Inland Revenue Department within one month of the commencement of business.
Businesses other than corporation eg. An individual who conducts business in Hong Kong as a sole proprietor must register with the Business Registration Office of the Inland Revenue Department within one month of the commencement of business. Required documents for sole proprietorship registration in Hong Kong Approval of the companys name.
Normally the Business Registration Office will send the new business licence to the sole trader about two months before the expiry of the existing licence. As the name suggests the business is owned and operated by a sole person. Since the business is not a separate legal entity the owner and the business are considered one entity.
The Business Registration Ordinance requires every person who carry on a business in Hong Kong whether it is a sole proprietor a partnership a Hong Kong limited company or a non-HK company having business in Hong Kong to apply for business registration BR within 1 month from the date of commencement of the business. The business registration number name business address of the fund the particulars of the old and new general partner including their names Hong Kong identity card numberpassport numberbusiness registration number residential addressregistered office address and the. Sole proprietorship or partnership businesses must make their applications within one month of business commencement.
Submit online for sole-proprietorship partnership and branch registration only via registered user of eTAX. In order to incorporate sole proprietorship in Hong Kong you need to register with the Inland Revenue Departments Business Registration Office. Sole Proprietorship is one of the 2 unincorporated entities for business in Hong Kong another is Partnership which mean Sole Proprietorship is not a separated legal entity from the owner it explains why the owners of unincorporated entities are described as self-employed.
Business Registration Ordinance Cap. Sole proprietorship is considered the easiest and simplest form of business. IRD will not accept any applications for registration of businesses which have never existed or have yet to commence operation.
As the name suggests the business is owned and operated by a sole person and since the business is not a separate legal entity the owner and the business are considered one. A duly signed and finished incorporation structure For Hong Kong residents- Copy of Hong Kong identity card. Business Licence- a sole trader is required by the Business Registration Ordinance to place the licence at a prominent place at the business address.
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