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FAQs of Annual Examination for Hong Kong Company

Q:
What is Annual Examination for Hong Kong company?
A:
The specific work of an Annual Examination for a Hong Kong company includes renewal of the Business Registration Certificate and the delivery of an Annual Return. In Hong Kong, the Business Registration Certificate is only valid for one year and has to be renewed regularly after the anniversary date of incorporation of the company. In addition, the Companies Registry requires a company to deliver an Annual Return after the anniversary date of incorporation of such company, giving an update on the state of affairs of the company during last year, including such information as the number of shareholders of the company, the names of the shareholders and their shareholdings and its operating.
Q:
How would a Hong Kong company conduct the Annual Examination?
A:
Hong Kong Conpak CPA provides Annual Examination service for Hong Kong and offshore companies. Our existing clients are only required to sign on the acknowledgement and the Annual Return file while a new client has to provide us with the copies of Certificate of Incorporation, Business Registration Certificate and NCI.
Q:
When would a Hong Kong company conduct its Annual Examination?
A:
Hong Kong government requires a Hong Kong company to renew its Business Registration Certificate and deliver an Annual Return on the anniversary date of the incorporation of the company. The company may incur avoidable fines and credit risk caused from any late delivery.
Q:
What if a company fails to conduct an Annual Examination?
A:
  • It will be fined. For late renewal of the Business Registration Certificate, the company is subject to an additional fine of HK$300 every year in additional to the payment of all outstanding government fees. For late filing of an Annual Return, the amount of the fees or fine increases as shown below.
    Delivery Date HK$
    Within 42 days after the anniversary of incorporation 105
    More than 42 days after but within 3 months after the anniversary of incorporation 870
    More than 3 months after but within 6 months after the anniversary of incorporation 1,740
    More than 6 months after but within 9 months after the anniversary of incorporation 2,610
    More than 9 months after the anniversary of incorporation 3,480
  • The shareholders and directors of the company are liable to prosecution and, if convicted, pay the default fines. For each default, the maximum amount of the fine is HK$50,000.
Q:
What fees would a company have to pay to the Hong Kong government for an Annual Examination?
A:
For an Annual Examination, a company is subject to a Business Registration Certificate fee of HK$2,250 and an Annual Return fee of HK$105.

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