The Inland Revenue Department (IRD) of Hong Kong is committed to providing an efficient business registration service to enable business operators to suit their legal obligations and to encourage members of the overall society to get business information. However, the business registration isn't for regulating business activities nor a license to trade.
The Business Registration law requires every individual to hold on to a business in Hong Kong to use for business registration within one month from the date of commencement of the business and to point out a legitimate Business Registration Certificate at the place of the business. If the recorded particulars of the business have changed, the business administrator must inform the IRD in writing within one month of the change.
The IRD will record the data provided which may be accessed by the general public. Business officials are suggesting to urge their Business Registration Certificates early and to make sure that changes in business particulars are updated to the Business Register as soon as possible. the knowledge provided by the business officials will only be checked thoroughly and can not be verified for any new entry or prior amendment.
After the verification of the name, the company Registry requests the submission of the company incorporation in many forms. The day you present such documents, the company will need to pay the corresponding registration fees. Once the application is approved, the Company Registry issues the Articles of Association and a Certificate of incorporation.
If a person or an individual is running a business in Hong Kong, then that company is obliged to urge a Business Registration Certificate from the IRD. After applying for a Certificate of incorporation, the application process for the Business Registration Certificate begins. Moreover, the document that you simply receive is going to be displayed at the company’s premises and will be renewed yearly.
If your company has multiple branches in Hong Kong, a Business Registration Certificate must be requested for every office.
Additionally, if there are any changes in the information, then it must be reported to the Inland Revenue Department within one month of occurrence.
So now that you simply know what a Business Registration Certificate is, does one know about the Hong Kong Certificate of incorporation? It's a document issued to the limited liability companies after the registration by the Hong Kong Companies Registry. Most of the companies in Hong Kong possess this certificate, and you ought to consider requesting a replica before doing business with them.
Therefore, to find out more about the Hong Kong Certificate of incorporation, and learn more about it, then read on:
The incorporation Certificate is a standard format that's composed in both English and traditional Chinese characters. Note that it's quite easy to confuse this certificate with others sharing a typical format, so confirm you check the title “Certificate of incorporation” is present. Other certificates seem to be similar and serve a similar goal, including the “Certificate of Change of Name” “Certificate of continuous Registration,” and Certificate of Registration as a trusted company .”
Before an individual can apply for the Business License The following information is mentioned in a Hong Kong Certificate of incorporation.
After receiving your certificate of incorporation, you'd definitely want to see the authenticity of the certificate. Well, this is often possible to try to do so by using the Hong Kong Companies Registry’s online system, i.e., ICRIS. ICRIS stands for “Integrated Companies Registry data system,” and maybe searched in English, but you'll face difficulty identifying the company if they only have a Chinese name.
Another widely used alternative to using the ICRIS system is to order China Checkup’s Chinese Certificate verification or Hong Kong company verification reports.
Not all Hong Kong-registered entities have a Hong Kong Certificate of incorporation. There are several sorts of company incorporation in Hong Kong , and only “LIMITED COMPANIES” are issued with this certificate.
However, the overwhelming majority of entities in Hong Kong are “limited liability” companies registered with the company Registry. The businesses are given a Business Registration Certificate. it's also a dual-language English/ traditional Chinese characters document. you'll access the small print of business registration using the Hong Kong government website or by using our verification services.
Now, the frequent issue that we encounter is that many of us are unaware about the extent of the separation between Hong Kong and China
This is one of the foremost common situations we encounter which frequently leaves our clients with the air of confusion. As we all know that Hong Kong may be a part of China, companies registered there work under a special legal, economic and legal system which is sort of attractive to the owners of the Mainland Chinese companies. There are numerous reasons why a company based in China , could also be enrolled in Hong Kong. So here we’ll venture into Hong Kong Company Registration vs. China Company Registration.
Most of the people that are having business ties with Chinese companies might not realize that, but Hong Kong and the Chinese Mainland are entirely separate economically and politically. There are historical issues also , but we won’t start them during this article but just say that the central Chinese government acts with a popular “One Country, Two Systems” approach when it involves Hong Kong. We are focusing more on the greatest point, which is that the business registration process for a Hong Kong company and a Chinese company are entirely different.
Once and for all, a Hong Kong organization can authoritatively enroll with an English name alone, while a Chinese name is required on the mainland (an English name could be enlisted alongside it, but generally isn’t). This suggests that regarding finding out a Chinese company’s official registration record to verify it, Hong Kong and the Mainland are entirely separate. As far because the verification process cares, they'll also be separate countries.
Do you also want your Business Registration Certificate in Hong Kong? We recommend you to get it done by us since we provide professional and legal services at a reasonable range. So, start your new Hong Kong company & Open a bank account, ALL ONLINE! we'll provide you with an incorporation plan which will fit your needs.