According to the laws of the Hong Kong Registry, Hong Kong companies need to make an annual declaration to the Hong Kong Companies Registry every year. After a year of operation, Hong Kong companies must apply to the government to continue their existence, that is, conduct an annual review. Including two contents, the first is to apply to the tax bureau for a new business registration certificate for the next year and pay government fees at the same time.
The second item is an annual return, not a financial statement, but a report that records the latest cabinet formation of the company, including the latest company name, the number of shares in the company, the share distribution ratio, shareholders and directors, and reports the details of the company's changes in the previous year.
To put it simply, the annual inspection means that the enterprise itself applies to the government to continue its business in order to obtain a new certificate, and at the same time informs the government of the latest shareholders and changes of the company.
The above are collectively referred to as annual inspection, or annual inspection. The annual inspection time is calculated once a year from the establishment of the company.
If Hong Kong fails to conduct the annual review on time, it may face fines from the Hong Kong Companies Registry and the Hong Kong Inland Revenue Department.
Second, the contents of the annual review of Hong Kong companies.
After the establishment of Hong Kong company, enterprises need to maintain Hong Kong company every year to ensure the normal operation of the company. The annual review of Hong Kong companies is one of the necessary key tasks. The annual review of Hong Kong companies is conducted once a year, and the contents of the annual review include:
1, annual inspection of the company
To renew the business registration certificate, you have to go to the tax bureau to get a new business registration certificate every year, which is equivalent to the annual inspection of domestic companies and proves that the company is legally existing and operating. Issued by the Hong Kong Inland Revenue Department, it is also the "identity card" for tax returns of Hong Kong companies.
2. Annual report of the company
Update the registration certificate, and report whether the registered information of Hong Kong companies has changed, such as directors, shareholders, registered capital, secretary address and other information.
3. Legal Secretary
It is an essential factor in the operation of Hong Kong companies, connecting various functional departments in Hong Kong and assisting Hong Kong companies to fulfill their reporting obligations stipulated by the government.
4. Registered address fee
It is a necessary condition for Hong Kong companies to operate, and it is also the receiving address for letters sent by the Hong Kong government and Hong Kong banks. Many government reports and notices will be sent to this address in the future.
Three. Matters needing attention in annual review of Hong Kong companies
Hong Kong companies should complete the annual audit within the time stipulated by the government, or they will be fined.
The annual examination time of Hong Kong companies is the anniversary of company registration, and the Hong Kong government has given a certain grace period to the annual examination time of companies. If the Hong Kong company fails to conduct the annual review after the grace period, it will be fined.
The annual report of a Hong Kong company needs to be completed within 42 days after the company's registration anniversary, while the renewal of the business license of a Hong Kong company needs to be completed within one month after the business license expires, otherwise a fine will be incurred.
Matters needing attention in annual review of Hong Kong companies
Influence of overdue annual review on Hong Kong companies;
1. After being fined heavily, you may receive a summons from the Hong Kong court, and the court will prosecute the directors and shareholders of the company according to the relevant provisions of the Company Law.
After being fined heavily, the company will be blacklisted, forcibly cancelled and its bank account will be frozen.
3. It will affect the credibility of directors and shareholders, and it will have an impact on handling Hong Kong business or going abroad in the future. For example, if you apply for opening a Hong Kong bank account again, bad records will affect the success rate of opening an account.
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