Hong Kong company annual audit is the Hong Kong government relevant functions of the Hong Kong company qualification review once a year, according to the company shareholders, directors, statutory secretaries, registered address and other information to do a company annual declaration documents, and to the Hong Kong Companies Registry once a year. This is an important condition to maintain the normal operation of Hong Kong companies.
The annual audit fee of a Hong Kong company mainly includes the following aspects:
1, the statutory secretary and registered address service fees: general secretarial firms will provide the registered address of the holders, the service fee according to the agreement between the company and the secretarial firm to pay.
2、Hong Kong Company Registry Fee: Official Fee HK$105.
3. Fees of the Business Registration Office of the Inland Revenue Department of Hong Kong: registration fee of HK$2,200 and emblem fee of HK$0 for a period of 2 years.
The main contents of the annual audit of a Hong Kong company include:
1, confirm the Hong Kong company information: such as Hong Kong company registered address, company name, shareholders and directors and other relevant information changes need to be changed in a timely manner.
2、Annual Return: Submit the annual return to the Hong Kong Companies Registry to complete the renewal of the Certificate of Incorporation.
3、Replacement of new Business Registration Certificate: Pay the registration fee at the Business Registration Office of the Inland Revenue Department of Hong Kong and replace the Business Registration Certificate for the new year.
4. Confirmation of Statutory Secretary: Ensure that the company has a statutory secretary who is a locally operated Hong Kong company and a Hong Kong licensed company.
The information required for annual audit of Hong Kong company mainly includes:
A copy of the company's annual return for the previous year (or the previous year's annual return and business registration certificate if a secretarial firm is acting on your behalf).
Company registration certificate, business registration certificate, bylaws and other basic company information documents.
The timetable for annual audits of Hong Kong companies is stipulated as follows: once a year, based on the anniversary date of the company's incorporation. The annual filing must be completed within 42 days after the commencement of the anniversary date of the incorporation of the company. The renewal of a new Business Registration Certificate can be commenced one month before the anniversary date of the incorporation of the company.
If a Hong Kong company is late in filing its annual return or renewing its business registration certificate, it will face a fine. The exact amount of fine depends on the length of the overdue period, the longer the overdue period, the higher the fine.
The amount of fine for overdue Hong Kong company annual audit varies according to the length of time overdue.. The details are as follows:
More than 9 months but not exceeding 12 months, a fine of HK$3,480
More than 42 days but not exceeding 3 months, fine of HK$870
More than 3 months but not more than 6 months, a fine of HK$1,740.
A fine of HK$2,610 for a period exceeding 6 months but not exceeding 9 months.
There are two main ways to handle the annual audit of Hong Kong companies: by oneself and entrusting a secretarial company to do it on behalf of the investor. Self-processing requires investors to travel to and from Hong Kong, and the cost is higher; while entrusting a secretarial company to do it on behalf of the company saves time, labor and money, and is the first choice of most investors.
When choosing a secretarial firm, special attention should be paid to the selection of a licensed secretaryTheAs the Hong Kong Companies Act requires that a company incorporated in Hong Kong must have a statutory secretary, and the statutory secretary must be a Hong Kong licensed company operating locally. The reasons for choosing a licensed secretarial company are as follows:
Provide registered address: A secretarial company can provide a company's registered address, which is cheap and convenient.
Professional Operations: The secretarial company specializes in handling annual audits of companies with ease, and can open checks to the government.
timely reminder: The secretarial firm will remind clients to get their annual audits done in time to avoid late penalties.
Choosing a licensed secretarial firm ensures that the annual review process goes smoothly and avoids fines or other serious consequences that may result from a poor choice.
If the Hong Kong company is idle after the need to cancel in a timely manner, so as to avoid not annual review and not canceled to bring a fine. Hong Kong company deregistration need to follow certain conditions and processes. Hongkong Fung Group provides professional Hong Kong company deregistration services, consult Hongkong Fung investment consultant to get Hong Kong company deregistration process and cost details.
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Hong Kong and Shanghai Banking Corporation (HSBC)
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