Failure to apply for Business Registration on time
Further to Annual Return Filing, we would like to remind you on Business Registration filing.
Penalties may go as much as HKD 3,000. However, Business registration penalty can be waived under Revenue Order (Reduction of Business Registration Fees). In order to avoid any possible penalty, we will always inform you on BRC payments and company renewal. Please make sure you follow up on our renewal notifications to avoid government penalties.
Any person failing to file business registration will be liable to a government fine of HKD 5,000 and may result in imprisonment.