In the day-to-day management of the Hong Kong company,Annual inspectionIs a very important part of the work. The annual inspection of Hong Kong company has strict time requirements. Today, our company will answer why the timely annual inspection of Hong Kong company is so important.

The annual inspection of a Hong Kong company is divided into two steps:①Submit annual returns and pay the registration fee at the Companies Registry;②Pay the business registration fee at the Business Registration Office. Hong Kong Company law: a Hong Kong company must be in the return after the date42Within a day, the annual return is delivered and the registration fee is paid. Timely annual inspection is not only the obligation of each company and its members, but also the annual registration fee payable depends on the time of delivery of the annual return. It is easy to do the annual inspection on time. On the contrary, not filing the annual return on time is not only an illegal act, but also can result in a high fine.

Apart from filing the annual return and paying the registration fee, a Hong Kong company should also pay the registration fee at the Business Registration Office before the specified payment date. In case of overdue payment, the Business Registration Office will issue a Business registration Penalty Notice. Furthermore, any person who fails to pay the Business registration fee and badge fee by the payment date specified by the Commissioner of Inland Revenue is committing an offence and is liable to a maximum fine of HK $5000He was jailed for one year.

In addition to the above criminal penalties and fines, failure to conduct annual inspection on time will also affect the normal operation of the company. For example, failure to handle the annual inspection and obtain the annual inspection receipt on time will cause the company's reputation to be adversely affected and hinder the company's business development; If the annual inspection receipt cannot be submitted to the bank for review on time, the normal use of the company's account will be affected; If the annual inspection receipt cannot be obtained on time, the trademark business of the Hong Kong company and all assets under the company's name cannot be transferred or other operations cannot be handled. Therefore, the above possible risks are warning you, be sure to handle the annual inspection on time!

CycloseFocusing on providing company audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many large state-owned enterprises and listed enterprises.