Business Registration Hong Kong Sole Proprietor
Sole Proprietorships sole traders Sole proprietorship is the simplest form of business and the easiest to set up. Sole proprietorship and partnership.
To Register A Company In Hong Kong Is A Very Quick And Simple Process It Simplifies The Pro Private Limited Company Public Limited Company Sole Proprietorship
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.
Business registration hong kong sole proprietor. Every person carrying on a business shall make such an application within 1 month of the commencement of such business. The business registration number original and new business name business address and the date of change should be clearly stated. Registration of Sole Proprietorship Business in Hong Kong When you engage Kaizen to register your sole proprietorship business please follow the procedures described below.
You place an order with Kaizen for the registration of sole proprietorship with payment of fees. Image from Inland Revenue Department Hong Kong. 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.
If the applicants are non-Hong Kong resident the copy of his passport or identity card issued by the relevant government authority is needed. Sole proprietorship or partnership businesses must make their applications within one month of business commencement. Learn more about the application procedures for new business registration as well as renewal and cancellation.
Simple to set up all the investor needs to do is to apply for a business license from the Business Registration Office. Generally the Hong Kong business registration fee costs HK250 for a certificate with a validity period of 1-year. Business registration applies to every business in Hong Kong.
Business Registration Form obtainable at Inland Revenue Department - Form 1a B. It is easy to register with the Business Registration Office. The business cessation causes upon the owners death.
The sole proprietor or the partners are personal responsible to the debts and liabilities incurred by the company The ownerthe partners and the business are considered one entity. Business owners usually needed the following documents in order to register a sole proprietorship business in Hong Kong. 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.
Operated by a single owner this entity is connected fully with its sole investor. Government Issued Identification Document. Simplicity is the main advantage of sole proprietorship.
Meanwhile the payment of HK3950 for a certificate has a validity period of 3 years. The sole proprietorship in Hong Kong is a basic business entity type. Document Checklist for Business Account Opening -Companies Established Incorporated in Hong Kong -Sole Proprietorship 獨資公司 Documents to be provided by the Client Remarks 1 Copy of individuals identity documents Certified true by suitable certifier For Sole Proprietor All for Authorised Representatives.
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. Valid Business Registration Certificate 2. 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.
For Foreign investors- Copy of passport and latest. For Hong Kong residents- Copy of Hong Kong identity card. Required documents for sole proprietorship registration in Hong Kong.
To truly understand the reason we needed to understand the meaning of being as a Sole Proprietor as well as the official way to register as one of it in Hong Kong. Businesses other than corporation eg. More information on all other types of Hong Kong Company Registration Services.
Company Registration Documents 1. Business Registration Ordinance Cap. No restriction on owners national and.
In the sole proprietorships both the company and the owner are considered as the one unity. There are two types of unincorporated business entities. IRD will not accept any applications for registration of businesses which have never existed or have yet to commence operation.
In order to incorporate sole proprietorship in Hong Kong you need to register with the Inland Revenue Departments Business Registration Office. Therefore the owner is. Sole Proprietorship is business firm consists of single individual owner.
Characteristics of Sole Proprietorship Firm of single owner. This is a sample of what the Business Registration Certificate looks like in Hong Kong. A duly signed and finished incorporation structure.
For local companies or registered non-Hong Kong companies registered under of the Companies Ordinance please refer to One-stop Company and Business Registration. The owner of Sole Proprietorship and all partner of Partnership have to provide the copy of each owners Hong Kong identity card for registration. Sole proprietorship is considered the easiest and simplest form of business.
Registering your sole proprietorship in Hong Kong must be completed within a month from the date your business commences. The only way to expand the firm is by hiring employees to work for the firm. Alternatively you may furnish the details on the form IRC 3110A.
It is regulated by the Business Registration Ordinance. Approval of the companys name. Identification documents Required from ALL Authorised Signatories ALL Beneficial OwnersSole Proprietor and two Key Controllers 1.
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