Economic Project

Contents

Introduction

Business Registration

~Meaning

~Registration Procedure for Sole Proprietorship and Partnership

~Registration Procedure for Limited Company

~Registration Procedure for Overseas Company

~Registration Fee and Levy

~Payment Methods

~Cancellation

Sole Proprietorship

~Definition

~Popularity

~Set-up process

~Advantage

~Disadvantage

~Reason of suitable for Small Business

~Examples

Partnership

~Definition

~Features

~Forms/Establish

~Liability

~General partnership

~Limited partnership

~Advantages

~Disadvantages

~Tax rate

~Dissolution and Termination

Limited Company

~Meaning

~Advantages

~Disadvantages

~Private limited companies

~Public limited companies

~Shares

~Procedures of Formation

~Taxes

Comparison

Conclusion

Working Table

Registration Procedure for Limited Company

  Before making application for a Business Registration Certificate, a limited company must first be registered with the Companies Registry, located at Queensway Government Offices. Applications should be made within 1 month of the date of incorporation or registration with the Companies Registry. A Form 1(b) should be submitted with a photocopy of the Certificate of Incorporation or Certificate of Registration of Overseas Company issued by the Companies Registry.

  An overseas company which commences to carry on business in Hong Kong before the procedure for registration with the Companies Registry has been finalized may still apply for business registration within 1 month of such commencement of business. For these cases, a Form 1(b) should be submitted together with a copy of the Overseas Certificate of Incorporation (or its equivalent) and a certified copy of an English translation thereof if the original is not in English.1

1  http://www.ird.gov.hk/eng/tax/bre_lcc.htm

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