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All businesses operating in Admiralty, Hong Kong, including both local and non-local ones, are required to register under the Business Registration Ordinance. The regulation was put in place to ensure transparency and accountability in business operations. Businesses can either register as a sole proprietorship, a partnership, or a limited liability company. After the registration, businesses are issued a Business Registration Certificate, which should be renewed yearly.
Legal assistance is usually necessary when starting a new business. An experienced lawyer can help navigate through the complexities of business registration in Admiralty, ensuring that you understand the process, your obligations, and the potential legal implications of your actions. You may need a lawyer to help you identify the best legal structure for your business, ensure compliance with all registration procedures, handle any disputes that arise during or after registration, and guide you through the annual renewal process.
As per the Business Registration Ordinance, all local and non-local businesses operating in Admiralty must be registered within one month of commencement. It's worth noting that the Inland Revenue Department also requires businesses to report any changes in business particulars. Businesses are required to display their business registration certificate at the place of business, and failure to do so can result in fines. Other prevalent laws are the Companies Ordinance which dictates matters relating to company formation, management, and closure and the Trademarks Ordinance which regulates branding matters.
You should renew your Business Registration Certificate a month before its expiry.
Non-compliance with the Business Registration Ordinance can attract severe penalties, including fines and imprisonment.
You need to notify the Business Registration Office in writing within one month of effecting the change.
The best business structure for you would depend on your unique circumstances. Consulting with a qualified lawyer would be advisable.
Non-local companies are required to bring essential documents such as their Articles of Association, Certificate of Incorporation, and a statement of all directors and secretary, among others.
The Business Registration Office, part of the Inland Revenue Department, is a primary resource in this area. Meanwhile, professional bodies, such as the Hong Kong Institute of Directors and Hong Kong General Chamber of Commerce, can provide additional support and advice to businesses.
If you need legal assistance for business registration in Admiralty, Hong Kong, start by reaching out to an experienced lawyer specializing in business registration. They should guide you through the entire process, from choosing the best business structure to ensuring compliance with all relevant local laws. Proactive legal advice can save you from potential pitfalls and penalties associated with non-compliance.
