Annual Maintenance

Stage 1 - Renewal of Company Documents

To maintain government annual charges and renew our annual parking services before due date.

AsiaBusiness will send reminder to clients and help to arrange the renewal matter.

Renewal Due Date AsiaBusiness Reminder
Incorporation date of the company 2-month before renewal
Annual Renewal

Hong Kong Company
Includes:
  •   Registered Address
  •   Company Secretary
  •   Government Disbursement
HKD 4,755
 
Government penalty applied for any late renewal payment.

 

Stage 2 - Accounting (e.g. Audit Arrangment) and Taxation

AsiaBusiness will send notice to clients to engage our tax filing and accounting services.

Tax Filing

Hong Kong Company
Includes:
  •   Employer's Return
  •   Profits Tax Return
HKD 1,100
 
  •   The above quotation is an example only if a Hong Kong Company has not commence any business operation and no staff hiring within Hong Kong.
  •   Extra fee applies when a Hong Kong Company has commenced business and/or staff hiring.
  •   Tax filing fee does not cover accounting and audit fee which should be quoted seperately according to certain criteria e.g. business size, workloads and etc.
Audit service is rendered by independent auditor.
3 Key Annual Maintenance Features

In Hong Kong, each company needs to file tax return on annual basis. Companies are recommended to pick either "31-December" or "31-March" as the closing date of financial reporting as same as the cut-off date of Hong Kong Government.

3 key Government departments for the annual maintenance of a Hong Kong limited company are below:

Business Registration Office (BRO)

  •   Renew business registration (BR)

Hong Kong Company Registry (CR)

  •   Submit annual return (AR1) yearly to record the information of current shareholder(s), director(s) and company secretary.
During the year, file to the CR of any changes in the shareholdings, director(s) etc., that need to be filed according to the Companies Ordinance. The information need to be filed and ready for public search in order to protect the interest of the company and the public.

Hong Kong Inland Revenue Department (IRD)

For Limited Companies:

  •   Profits Tax Return (16.5% since 2008/09 and onwards);
  •   Salaries Tax (15%) (Employer’s Return 56B).

Maintain proper accounting books and records to produce financial statements for tax return filing for 7 years.

Common misunderstanding:

  •   Annual tax filing are required for both active and inactive companies, hence tax demand is evaluated by Hong Kong Inland Revenue Department;
  •   Proper books and records need to be maintained in order to support any financial statements. Hong Kong Inland Revenue Department has final rights/authority to request companies to submit all relevant documents and records for assessment. Improper filing may incur penalties and/or estimated assessment will be levied.

 

 

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Hong Kong Most Valuable Companies Award 2014

Hong Kong's most proactive local and foreign companies setp upstage to be honoured with the Hong Kong's Most Valuable Companies Trophy of Excellence. Thanks again for the nomination from Mediazone Group 2014.

BUSINESS BANK ACCOUNT

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COMPANY SECRETARY

Under Hong Kong Companies Ordinance, AsiaBusiness provides professional company secretarial services for all statutory filing.

  •   AsiaBusiness Parking Services
  •   Company Restructuring
  •   "Business-exit" Services
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TAXATION

Our professional team will assist clients about minimization and etc. that improve your business in more cost-effective way.

  •   Tax Arrangement and Consultation
  •   Corporate Tax Filing Services
  •   Tax Related to Offshore Operation
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ACCOUNTING

Unfamiliar with Hong Kong financial reporting framework and requirement? Our AsiaBusiness’s manpower will help you to tackle your challenges.

  •   Full-set of Accounting Books
  •   Bookkeeping Services
  •   Annual Audit Arrangement
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