Tuesday, February 8, 2011
With effect from February 21, 2011, Hong Kong’s Companies Registry (Registry) and the Inland Revenue Department (IRD) will jointly launch a new regime of one-stop company and business registration, together with a one-stop notification of change of company particulars.
Under the new regime, the Registry will process the simultaneous business registration applications and notify IRD of changes of the relevant company particulars.
Any person who submits an incorporation form of a local company, or an application form for registration of a non-Hong Kong company, will be deemed to make a business registration application at the same time. Therefore, under this new registration regime, companies will only require to lodge one single application for both company and business registration.
The new registration regime applies to both paper and electronic applications. Upon the approval of the application, the Registry will issue a Certificate of Incorporation together with a Business Registration Certificate to the applicant.
For applications lodged through the e-incorporation service at the “e-Registry,” if approved, the Registry will issue both Certificate of Incorporation and Business Registration Certificate in the form of electronic records. Any request for the issue of the certificates in paper will not be entertained.
The new registration regime will not be applicable to application for business registration by other types of businesses such as sole proprietorship, partnership businesses and branch registration. Therefore, applications for business or branch registrations in respect of businesses other than companies shall be lodged directly with the Business Registration Office, as previously.