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Article
107 of Chapter 32 of the Hong Kong Companies Act stipulates that after a
one-year registration of a Hong Kong company, the company must apply to the
Hong Kong Inland Revenue Department for a next year's business registration certificate.
The company must make a company annual declaration file based on the company's
shareholders, directors, legal secretary, registered address and other
information to the Hong Kong Companies Registry once a year.
1. Introduction to the Hong Kong Company Annual
Return
The
annual return includes: replacement of business registration certificate,
production and submission of annual return, legal registration address,
statutory secretarial and secretarial services.
a) Business
registration certificate: to be updated annually, the price will fluctuate
with the adjustment of the government;
b) Company
Annual Return: to be submitted annually;
c) Legal
Secretary: It is a prerequisite for the establishment of a company in Hong
Kong, which we can provide;
d) Registered
address: is a prerequisite for the establishment of a company in Hong Kong,
which we can provide;
e) Secretarial
services: Provide services throughout the year, such as answering calls,
receiving faxes, processing business documents, government and bank letters,
and transmitting information in a timely manner.
2. Expiration Date of Hong Kong Company Annual
Return
The
expiration date of the annual return of the Hong Kong Company is the
anniversary date of the establishment of the company, which means that your
company was formally established on May 5, 2018, and May 5, 2019 can begin to apply
the annual return of the Hong Kong Company.
Reminder:
The annual return of Hong Kong companies must be submitted on time. The Hong
Kong Companies Act requires that the annual return and business registration
certificate be subject to a fine after 42 days of overdue registration.
3. Information required for the annual return
of the Hong Kong Company
a)
A copy of the business registration certificate;
b)
A copy of the registration certificate;
c)
A copy of the company charter;
d)
A copy of the company legal documents;
e)
A copy of the company's change documents,
including the stock change, capital increase, and renamed documents (if any);
f)
A copy of the ID card or passport of all shareholders
and directors;
g)
Personally sign the confirmation of Hong Kong company annual return;
h)
Personally sign the annual declaration document;
i)
Hong Kong company event record book;
j)
If you are an old customer of our company, you
only need to provide items g, h, and i above.
4. Upon completion of the Hong Kong company
annual return, the following documents will be received.
a)
Original Business Registration Certificate of
the Inland Revenue Department;
b)
Original copy of the Registrar's annual return;
c)
The latest annual registered address and the
authorization to use telephone and fax;
d)
Updated event record book.
5. Consequences of not applying the annual return
of Hong Kong Company
Hong
Kong companies will be fined if they fail to submitting annual return the Hong
Kong Registry and the Inland Revenue Department. In addition, if you do not pay
the fine within the time specified by the government, you will receive a court
summons. If you have not responded, the Hong Kong Registry will also make an
automatic cancellation of the company within a certain period of time. Of
course, the directors of the company will enter the government's blacklist. If
you want to continue to establish a company in Hong Kong or carry out other
activities in the future, it will be very inconvenient.
6. If the Hong Kong Company does not want
to submit the annual return, it is recommended to deregister the company.
It
is best to submit a Hong Kong company deregistration application to the Hong
Kong Government three months before the date of the annual return of the Hong
Kong Company. Otherwise, it will cost an additional year's annual review and
tax return.
The
above is the explanation of the Hong Kong Company annual return. In general,
the Hong Kong Company’s annual return is entrusted to the secretary company for
processing. On the one hand, it requires the report of the statutory secretary
of Hong Kong. On the one hand, individual cannot submit it directly to the
company registration office. Therefore, it is recommended to find a
professional secretarial company to handle the annual return.
For
more information, please feel free to call the Tannet service hotline: 603-2141
8908 or email tannetmy@gmail.com, Malaysia company address: Unit 6.06, Level 6,
Amoda 22, Jalan Imbi 55100 Kuala Lumpur.