In Hong Kong, business name registration is closely tied to the Business Registration Certificate, issued by the Inland Revenue Department (IRD). The validity of the business name registration depends on the type of certificate you choose:
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One-Year Certificate: The most common option, this certificate is valid for one year from the date of issuance. It is suitable for businesses that prefer shorter renewal cycles.
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Three-Year Certificate: Businesses can also opt for a three-year certificate, which provides the convenience of longer-term registration and can be more cost-effective compared to renewing annually.
It’s crucial to renew the registration before it expires to avoid penalties and ensure your business continues to operate legally. The expiry date and renewal instructions are clearly stated on the Business Registration Certificate, so be sure to keep track of these details to maintain compliance with Hong Kong’s business laws.