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Annual Filing Requirements in Hong Kong

Updated on Friday 20th May 2016

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Annual-Filing-Requirements-in-Hong-Kong.jpgAnnual compliance for Hong Kong companies

 
Companies registered in Hong Kong need to comply with the annual filing requirements. This applies both to local companies and to the branches or subsidiaries of a foreign company. The annual returns are submitted to the Inland Revenue Department and the Companies Registry.
 
Annual books of accounts must be kept at the company’s registered office. Public Hong Kong companies must also meet the requirements to provide audited financial statements. The tax year starts on April 1 and ends on March 31 the following year. Tax returns are issued annually on April 1.
 
Company directors in Hong Kong must make sure that their company meets these annual demands. Non-compliance results in fines or prosecution. Company owners can choose to employ a specialist to take care of the annual filing requirements. Professional accounting services are also for Hong Kong companies in order to meet all of the requirements, especially for foreign investors who are not so accustomed with the annual filing in the city.
 

Annual filing for locally registered companies in Hong Kong

 
Every locally registered company in Hong Kong must meet the requirements and deadlines for the annual delivery of statutory returns. These provisions are stipulated in the Companies Ordinance for each type of legal entity.
 
The followong are part of the statutory returns that must be delivered to the Companies Registry by a local limited liability company:
- form NAR1 - annual return: for private companies within 42 days after the anniversary of the incorporation date, each year; for public companies within 42 days after the company’s return date;
- form NR1 – notice of change of registered office address: within 15 days of the change;
- form ND2A – notice of change of company secretary: within 15 days after the change;
 

Annual filing for non-Hong Kong companies

 
Registered non-Hong Kong companies must also meet the requirements for annual statutory returns. Failure to meet the deliver the annual returns on time results in fines and the prosecution of the company and/or its representative agents in Hong Kong.
 
Non-Hong Kong companies must deliver the following statutory returns to the Companies Registry and others, accordingly:
- form NN3annual return: within 42 days after the annual anniversary of the company’s registration in the city;
- form NN13 – notice of cessation of the place of business in Hong Kong: within 7 days after the cessation.
 
For more information and personalised assistance for annual filing and tax compliance, you can contact our company registration agents in Hong Kong.
 
 

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