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Business Registration in Kowloon, Hong Kong operates under the Business Registration Ordinance (Chapter 310). Every person who carries out any trade, profession, or business in Hong Kong is required to apply for business registration within one month from the date of commencing business. The legislation oversees various business types, including sole proprietorships, partnerships, local limited companies and non-Hong Kong companies.
Legal guidance is invaluable when navigating the business registration process in Kowloon, Hong Kong. A lawyer assists in understanding and applying the requirements set by the Business Registration ordinance, ensuring timely submission of necessary documents, and advising on legal compliance. Common situations requiring legal help could be setting up an overseas company, venturing into joint enterprises, understanding taxes and levies, or dealing with business disputes.
The primary law governing business registration in Kowloon, Hong Kong is the Business Registration Ordinance. Businesses need to renew their registration annually or once every three years, depending on the plan chosen. A Business Registration Certificate needs to be clearly displayed at the place of business. Businesses should also notify the Business Registration Office of any changes like business nature, business address, or cessation within a month. Failure to comply can result in fines and prosecution.
Depending on the business type, necessary documents might include ID or Passport copies for all directors, shareholders, and ultimate beneficial owners, proof of business address, and a copy of Articles of Association.
If business registration is not completed within the required period, you may be liable to a fine and potential prosecution.
Yes, you can register your business online with the Business Registration Office's e-service. However, it might be beneficial to consult a lawyer to evaluate all required information and documentation accurately for the registration process.
Under this Ordinance, carrying out trade, profession, or business without registration, and failure to display the Business Registration Certificate at the place of business are prohibited.
The levy amount is based on the nominal amount of your Business Registration Certificate, and it is paid along with the business registration fee.
The Hong Kong Inland Revenue Department's Business Registration Office is the primary government body overseeing the process of business registration. For detailed legal guidance, the Hong Kong Law Society offers various resources and can connect individuals to legal professionals specializing in business law. The Trade and Industry Department also offers various support schemes and services for businesses.
If you require legal assistance with Business Registration, consider contacting a lawyer specializing in Hong Kong business law. They can guide you effectively through the complexities of local legislation and compliance. Prepare all necessary documents, clarify your doubts, and ensure you fully understand the legal implications of your business decisions.
