| 1. |
I have formed a Hong
Kong incorporated company. What should I do every year? 
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| 2. |
Must a Hong Kong incorporated
company have a valid registered office address in Hong Kong? Any condition?
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| 3. |
What should I do if I
do not have a valid registered office address in Hong Kong? |
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| 4. |
Offshore company can
be used freely in Hong Kong for all kind of transactions without reporting
to Hong Kong government? |
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| 5. |
When should I submit
Annual Return to the Hong Kong Companies Registry? |
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| 6. |
What is the sequence
of failing to file an Annual Return within the prescribed time limit?
Any penalty? |
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| 7. |
Under what circumstances
can deregistration of a Hong Kong incorporated limited company be
made? |
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| 8. |
If a company has payable
debts, application of liquidation can also be accepted?
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| 9. |
I will be the director and shareholder in my proposed limited company in Hong Kong, but I don't want my personal details being disclosed in public records. Can Nominees services be helpful? |
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| 1. |
I have formed a Hong Kong incorporated limited
company. What should I do every year and time to time? |
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| A |
- Renew your Business Registration (BR) Certificate,
- File Profits Tax Return,
- Submit Auditors' Report,
- File Annual Return,
- Prepare Annual General Meeting,
- File Notification of Employment,
- File Employee and Employer Contribution details of Mandatory Provident Fund (MPF),
- Keep your Books of Accounts and Business Records, and
- File Legal Forms for any status change (e.g. Change of Company Name, Shareholding, or Director)
For details, please click here
or send us Enquiry
Form. |
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| 2. |
Must a Hong Kong incorporated company have a valid
registered office address in Hong Kong? Any condition? |
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| A |
Yes. Every Hong Kong
incorporated company must have its valid Hong Kong registered office address
for correspondence. There is no special condition, but P.O. Box is
not acceptable. |
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| 3. |
What should I do if I do not have a valid registered
office address in Hong Kong? |
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| A |
Mitsuba International provides
you one. Our service including receiving,
sending, forwarding letters and all legal government and private correspondence including messages, letters, parcels, and gifts.
We are also able to provide warehouse for your cargo or larger size parcels in proper storage. |
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| 4. |
Offshore company can be used freely in Hong Kong
for all kind of transactions without reporting to Hong Kong Inland
Revenue Department? |
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| A |
This is a common mistake of using offshore company.
Each offshore company have to submit tax return
to Inland Revenue Department. Tax liability of a company (no
matter it is offshore or local) is determined on whether it is carrying
on business in and deriving income from Hong Kong. Therefore, the
daily operation of offshore company has to be designed and implemented
so as to avoid capture by Hong Kong Tax.
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| 5. |
When should I submit Annual Return to the Hong
Kong Companies Registry? |
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| A |
For a private company having a share capital, you
have to file an Annual Return within 42 days
after the anniversary of the incorporation date (prescribed
time limit). For any other companies, you have to file an Annual
Return within 42 days after the Annual General Meeting (AGM) or within
42 days after the date of the written resolution passed in lieu of
AGM (prescribed time limit). |
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| 6. |
What is the sequence of failing to file an Annual
Return within the prescribed time limit? Any penalty? |
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| A |
If the Annual Return is not filed within the prescribed
time limit, the Company, every Director, Company
Secretary, and Manager of the Company will be liable to face prosecution
and, if convicted, default fines. The maximum penalty is HK$50,000
for each breach together with a daily default of HK$700.
In addition, substantially higher registration
fee is also payable for the late filing of an Annual Return
of a company having share capital., |
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| 7. |
Under what circumstances can deregistration of
a Hong Kong incorporated limited company be made? |
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| A |
- all the members of the company agree to the deregistration;
- the company has never commenced business or operation, or has ceased
to carry on business or ceased operation for more than 3 months immediately
before the application;
- the company has no outstanding liabilities; and
- it has obtained a written notice of no objection from the Commissioner
of Inland Revenue
Department
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| 8. |
If a company has payable debts, application of
liquidation can also be accepted? |
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| A |
If a company has payable debts, application of
liquidation can also be accepted. But its payable debts:
- are repayable by the holding companies, related companies, directors,
and/or shareholders, or
- in that the creditors agree to dissolve the payable debts by an agreement
letter
If you are interested in knowing more in details and the procedure,
please feel free to Contact
Us, and we will reply you shortly.
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| 9. |
I will be the director and shareholder in my proposed limited company in Hong Kong, but I don't want my personal details being disclosed in public records. Can Nominees services be helpful? |
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| A |
Sure. We also provide Nominees services in Nominee Director and Nominee Shareholder. By using our Nominees services, your personal details won't be disclosed in public record. Although we provide Nominee Director and Nominee Shareholder, we ARE NOT the real Director and ARE NOT the real shareholder in your company. Nominees Services Agreement and Trust Documents will be duly signed. If you need nominee services, please feel free to Contact Us. |
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