HONG KONG COMPANY ANNUAL COMPLIANCE

Stay Fully Compliant with Hong Kong Companies Ordinance & IRD Rules. Avoid Heavy Government Fines, Bank Account Restrictions & Company Strike-Off

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1. Mandatory Annual Compliance Obligations

All Hong Kong private limited companies must complete four core statutory tasks every year, regulated by the Companies Ordinance (Cap.622) and Inland Revenue Department (IRD).

✅Annual Return NAR1 Filing

File within 42 days after incorporation anniversary. Update directors, shareholders & registered office. Late filing fines up to HK$3,480, risk of deregistration.

✅Business Registration BR Renewal

1-year / 3-year BR certificate available. Renew before expiry. Late surcharge HK$300, IRD prosecution for overdue renewal.

✅ Audit & Profits Tax Return Filing

Maintain complete accounting records. Submit CPA audit report + PTR to IRD on time. Dormant firms also need dormant tax declaration.

✅ SCR Significant Controllers Register

Update beneficial ownership register year-round. Present records to authorities upon request. Penalty up to HK$25,000 plus daily fine.

2. Our All-In-One Annual Compliance Package

✅ NAR1 Annual Return E-Filing

Information sorting, official form submission & government fee payment before deadline.

✅ BR Certificate Renewal

Automatic expiry reminder, handle renewal procedure & deliver official BR document.

✅ Registered Office & Company Secretary

Legal HK address for official letters, licensed TCSP secretary to meet statutory demand.

✅ Bookkeeping & CPA Statutory Audit

Sort global bank records, prepare HKFRS financial statements & arrange certified audit.

✅ IRD Profits Tax Return Filing

Tax computation, audit attachment & PTR submission, follow up tax assessment notice.

✅ SCR Register Update & Storage

Real-time update of controllers info, store documents at compliant Hong Kong premises.

✅ Proactive Deadline Reminder System

90/60/30-day advance reminder, zero risk of late submission.

✅ Permanent Digital Document Archive

Soft copies of all official receipts, filings, audit & tax files delivered for permanent storage.

3. Why Choose Our Compliance Service

✅Avoid Costly Penalties

Timely reminders eliminate overdue fines & personal legal risks for directors.

✅Support Cross-Border Firms

Perfect for traders, e-commerce & holding companies with multi-currency HK corporate accounts.

✅One-Stop Professional Team

Licensed secretary + local HK CPAs handle all secretarial & tax matters in one package.

✅Protect Your Bank Account

Complete compliance records pass bank annual KYC review, avoid account suspension.

✅Transparent Fixed Pricing

All government fees & service charges fully disclosed, no hidden extra costs.

4. Severe Risks of Neglecting Annual Compliance

• 1. Escalating heavy fines issued by Companies Registry and IRD

• 2. Directors face personal court summons and criminal liability

• 3. Hong Kong corporate bank accounts suspended or closed during bank KYC review

• 4. Poor corporate record affects cooperation with global suppliers and clients

• 5. Company marked for official strike-off, corporate assets may be forfeited

• 6. Unable to apply for trade finance, business visa or corporate loans linked to your HK entity

5. Frequently Asked Questions

Q1: Does a dormant Hong Kong company still need annual compliance?

A: Yes. Zero-transaction dormant companies are still required to file NAR1, renew BR, submit dormant tax declaration and maintain SCR register every year.

Q2: When will my company receive the first Profits Tax Return?

A: The first PTR will be issued by IRD around 20 months after your company incorporation date, followed by annual tax forms each year.

Q3: Can I waive statutory audit if my turnover is low?

A: Small companies meeting official revenue & asset thresholds qualify for audit exemption. Our team will assess and apply for exemption for you if eligible.

Q4: What if I have already missed the NAR1 filing deadline?

A: Contact us immediately. We support late filing procedure, settle all government penalties and restore your company’s active legal status quickly.