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Co-working space or virtual office is gaining popular as startups /businessmen realize its flexibility and cost-effectiveness during the pandemic time. However, you have to ensure your business registration certificate be displayed properly by the business centre or the secretarial/accountancy practice to avoid failure to comply with the Business Registration Ordinance which may result in a maximum fine of HK$5,000 and imprisonment for one (1) year.
According to The Business Registration Ordinance, all persons who run a business in Hong Kong, whether as a sole proprietor, partnership or limited company, are required to register with the Inland Revenue Department (IRD) within one month from the commencement date of business and display a valid Business Registration Certificate (BR) at the business place. Failure to do so may have the penalty as stated above.
Whatsapp : (852) 6499 4686 Phone : (852) 2186 6936 Email : info@intershores.hk Disclaimer: Whilst reasonable care has been taken in provision of information above, it does not constitute legal or other professional advice. INTERSHORES does not accept any responsibility, legal or otherwise, for any error omission and accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, readers are advised to take appropriate professional advice before committing themselves to any involvement in jurisdictions, vehicles or practice. |
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