Upon incorporation, any Hong Kong company is assigned a Company Registration Number (CR Number) and a Business Registration Number (BR Number).
A lot of entrepreneurs can be confused about the difference between the two.
In this article, we explain the main differences about Company Registration Number and Business Registration Number.
Upon incorporation, any Hong Kong company will receive 2 essential documents:
If you are trying to find your company’s CR Number or BR number, simply check these 2 documents.
If you are using the company secretary services of Air Corporate, simply login to your account. You can check your company’s CR and BR numbers on your dashboard. You can also download a copy of your Certificate of Incorporation and Business Registration Certificate.
Alternatively, you can search for your company’s CR number on the website of the Hong Kong Companies Registry. Your company’s BR number can be found on the Business Registration Number Enquiry section of the Inland Revenue Department’s website.
The Companies Registry assigns a unique Company Registration Number to any Hong Kong company once it is registered. It is mentioned on your company’s Certificate of Incorporation.
The CR Number functions as a social security number. It is used as a form of identification for the company, along with the company’s name. This form of identification indicated that the company is registered with the Companies Registry.
The Company Registration Number is automatically assigned. It cannot be picked up. It will remain the same as long as the company continues to exist, even if it is reorganized multiple times.
Please see below for a sample of Hong Kong company Certificate of Incorporation with the company’s CR Number:
The Company Registration number is a unique identifier for your company.
It will be required in all your dealing with the Hong Kong Companies Registry. This includes when filing your company’s annual return, appointing or removing a company director, changing your company’s address, changing the personal details of a company director.
It is also standard practice to include the Company Registration Number of all minutes of the Board or General Meeting of your company.
The Business Registration Number is basically a tax registration number. It is issued by the Hong Kong Inland Revenue Department when your company is registered. It can be found on your company’s Business Registration Certificate.
The Business Registration Number is an essential requirement for all business activity and tax payments to be conducted lawfully, and all businesses registered with the IRD will need one.
Any Hong Kong company needs to renew its Business Registration Certificate each year. However, the BR Number remains the same throughout the life of the company.
The Business Registration Number consists of eight digits, followed by – 000 if the company has no branch, or – 001 if the company has a branch.
See below for a sample of Hong Kong Business Registration Certificate with the company’s BR Number.
Your company’s Business Registration Number is required for all tax, accounting and banking matters. Without a valid BR Number, tax payments cannot be made and conducting business operations would be illegal.
Nowadays, you will be required to provide your company’s TIN (Tax Identification Number) when opening a bank account or making certain international payments. Your company’s TIN is its Business Registration Number.
Here is what you should always have in mind:
For any questions, simply contact us at [email protected].
Focus on your business. We take care of the rest.
With the advent of COVID-19 vaccines and economies on the rebound now is an exciting time to consider opening a new business. One place, in particular, to keep an eye on is Hong Kong. According to focus-economics.com, Hong Kong’s economic growth rate is projected to be a whopping 4.6%. Among the top four key industries […]
Setting up your company in a new location could be a great growth strategy. Your business can penetrate a foreign market, establish a global presence and benefit from decreased operational cost when you register your company in a new location. It is also a strategic business decision as a new location could be a great […]
The real estate business in Hong Kong has long been known as one of the most dynamic in Asia, if not the world. From residential to luxury to retail, Hong Kong has seen almost constantly increasing growth (although prices have leveled off recently). Demand, however, is sure to remain constant. Why Hong Kong is Great […]