A Simple Key For br application Unveiled
A Simple Key For br application Unveiled
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A filing charge of HKD105 is payable, Should the return is filed within forty two days with the anniversary of the date of incorporation, and as much as a greatest HKD3,480, If your return is submitted following nine months.
Incorporating may possibly get time and resources, but it offers a legal framework that benefits and guards the homeowners, enabling the business to operate as being a separate lawful entity even though supplying limited liability and opportunity tax strengths.
The leading professionals are that you simply gained’t have to spend money on a specialist registered agent and that it’s not a complicated position. The most crucial cons are that your tackle gets a general public record, you will need to be offered at the Actual physical spot all through regular business hours, and you have more paperwork.
Offer money statements and statement of monetary place for the final 2 past yrs and provision for The existing 12 months.
Element of Arrange a limited company: bit by bit Stage one: Check if setting up a limited company is ideal for you
A crucial initial step when starting a company is deciding on a business name. In many states, You will need to include a corporate designation or even a phrase that identifies your business as a corporation.
Neighborhood Desire Company (CIC): A company set up to profit the community or pursue social and environmental aims, with profits reinvested for public good as an alternative to dispersed to shareholders.
Your company is often removed if it amalgamates with One more company or doesn't file its annual return.
The existing entire name, any former name and the same old household handle and the services deal with of every director and any secretary on the company
Take note: if your company has more than one director or shareholder, it is possible to increase these details later on with Companies Residence.
Company Limited by Assurance: Typically used by non-profit organisations, associates' liability is limited to your predetermined amount of money they agree to contribute within the event on the company staying wound up.
The latter’s role incorporates sustaining statutory books and documents, such as the registers of administrators and shareholders, the corporate minute book along with the share certificate book.
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In normal observe, shareholders’ liability is limited to the value in their capital financial commitment inside the company companies registry hong kong or any total unpaid on their shares.