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Helping Small Businesses Grow Big
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Company incorporation and deregistration services
Start your business journey smoothly and close it hassle-free with our incorporation and deregistration services.
Company Secretarial Services
Ensure hassle-free compliance with our professional company secretarial support, expertly managing your corporate responsibilities with ease.
Bookkeeping services
Rely on our professional bookkeeping services for precise financial management. We provide clarity and streamline your accounting processes.
Tax Advisory Services
Optimize your tax position and stay fully compliant with the help of our expert tax advisory services, customized to suit your unique financial needs.
Business consulting
Let us make setting up your business in Hong Kong simple and straightforward. From company incorporation to bank account setup and ongoing compliance, we offier tailered, end-to-end solutions designed to give you peace of mind.
Documents certification services
We provide certification services and make obtaining a certified true copy of your documents both cost and time efficient.
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our asked questions
What is the deadline for submitting the annual return?
An annual return must be submitted to the Companies Registry within 42 days of the company’s designated return date each year. This date varies among companies; for a private company, the annual return should be filed within 42 days of the anniversary of its incorporation date, except in the year of its incorporation.
The first annual return of a private company formed and registered under the Cap. 622 Companies Ordinance should be filed within 42 days after the first anniversary of the date of its incorporation pursuant to sections 662(1) and (2) of the Companies Ordinance.
Which form is required for the annual return and what are the associated fees?
The prescribed form for the annual return is Form NAR1. The fee for filing the annual return varies by company type; for a comprehensive fee schedule, please visit the Companies Registry fee schedule.
How is the first financial year of a new company determined?
A company’s first financial year begins on the incorporation date and ends on a date specified by the directors that falls within 18 months after its incorporation date, or if no date is specified by the directors, the last date of the month in which the first anniversary of the company’s incorporation falls (Cap 622, sections 369(5) to (7)).
When do I need to have my new HK Company audited?
corporated companies are mandated to submit an Annual Profits Tax Return together with the audited financial statements to the Hong Kong Inland Revenue Department (IRD) each year.
The IRD dispatches notifications for Profits Tax Return submissions to all companies on April 1st. For companies that have been recently incorporated, this notification is typically issued at the 18-month mark post-incorporation. There is a stipulated deadline of one month from the issuance of this notice for companies to file their Tax Return. Companies have the option to apply for a filing extension if necessary. However, failure to comply with the submission deadline may result in penalties or legal consequences.
The documentation required to accompany the Tax Return includes the company’s balance sheet, the auditor’s report, the Profit & Loss Account for the relevant period, and a detailed tax computation demonstrating the calculation of the taxable profits or adjusted losses.
What are the compliance requirements for incorporating companies in Hong Kong?
The local statutory obligations for private limited companies incorporated in Hong Kong mainly cover two aspects:
1) Filing to Companies Registry
Registered local and non-Hong Kong companies are required to deliver Annual Returns and other statutory documents (e.g. notice of change of registered office/company secretary/director and return on allotment, etc.) to the Companies Registry for registration. Documents must be signed and delivered together with the correct fees (if applicable) within the prescribed time periods. Otherwise, it is subject to fixed penalty imposed by the Companies Registry (maximum could be up to HK$50,000) plus daily default fine.
2) Tax filing to the Inland Revenue Department
Generally, the Department issues the first Profits Tax return some 18 months after the date of commencement of a new business (or the date of incorporation in the case of a newly incorporated company). Taxpayer shall complete its first Profits Tax return and submit it, together with the audited financial statements of the Company, to the IRD within 3 months from the issuance of the tax return.
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