Not known Factual Statements About hong kong company registration

Not known Factual Statements About hong kong company registration

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Hong Kong subsidiary setup usually takes months from start off to complete. Whilst you enjoy the benefits Once you register the company and begin functions, you get rid of time, expertise, and revenue Meanwhile.

As a company proprietor, you’ll have to post two stories and one particular audit each and every year. Even For those who have no transactions, you still must submit once-a-year stories: prepare unaudited accounts, have an exterior auditor critique them, and file Income Tax Return.

It’s important to Notice that deciding upon a name deemed unregistrable by the businesses Registry could lead on to the rejection of the software, impacting your Hong Kong company registration process.

Handle your internet site like a web-based Model of a storefront. It’s the very first impact for many customers and prospective clients.

It’s practical for various levels of lawful documentation, like filing contracts, renting Business office spaces, and developing a new bank account. The Business Registration Number may also permit you to simply observe company information during filing processes.

Now that you simply’re in company, you would like to remain there. Xero’s received resources and options to help you.

Hong Kong’s law also involves local companies to file annual returns and company formation charges spend annual registration costs, in conjunction with audited monetary statements organized and signed off by a Licensed general public accountant. If these obligations are usually not met, penalties may utilize on the regional company.

This can be a popular misconception, but a company registration number is not really similar to a company tax number.

Subsidiaries function as confined liability providers and are addressed as independent legal entities from their mother or father corporations. Consequently, underneath Hong Kong subsidiary regulations, the father or mother company will not be responsible for anything the subsidiary company does.

Because it is a singular 8-digit number assigned only to your enterprise, it can help distinguish it from other corporations in the market, especially These with an identical name.

When you forget or drop your company registration number, there’s no will need to fret. You will discover it in any with the places outlined at first of this put up, which include:

Officially, a company tax number is called a company’s One of a kind Taxpayer Reference, or ‘UTR’. At times, it will eventually merely be named a ‘tax number’ or ‘tax reference’.

You may pick the exact same title as your guardian company, or you are able to choose a unique identify. However, the subsidiary name should be permitted by the businesses Registry. Other Hong Kong subsidiary requirements contain:

Go with a convenient time to chat with our incorporation authorities and have the answers you should acquire another stage.