Consequences of not paying Business registration renewal fee

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Consequences of not paying Business registration renewal fee | Blog Startupregistry.hk

Approximately 1 month before your Business Registration Certificate (BRC) expires, the Business Registration Office will issue a business registration renewal demand note and will send it to you.

Before you decide not to pay the Business Registration Certificate renewal fee (HK$2,250), you should know what the consequences are. Late renewal would attract a penalty (HK$300). However, any further delay would result in court processing and extra penalties.

 

This is a sample of court order for not paying BRC charged to representatives of the company.

court

We recommend to our customers to always pay the BR renewal fee on time. If you wish not to continue with your Hong Kong business, please read “How to de-register a company“.

 

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