Under the laws of Hong Kong, a Hong Kong company is required to conduct its annual Examination on the anniversary date of incorporation of the company so as to operate legally.
As a Hong Kong-based company, Twinsail fully understands the business environment of Hong Kong and provides annual Examination services with professionalism. In addition to drafting statutory documents for the government, we also prepare resolutions to be proposed at the annual general meeting and board meeting respectively for enterprises in compliance with the laws of Hong Kong. Our professional consultants also perform risk assessment and give specific advices for improvement based on the available financial reports of the company.
Procedures of an Annual Examination
Signing on the annual return file → Conducting the annual Examination → Renewal of the business registration certificate and delivery of the annual return.Coverage of Annual Examination for Hong Kong Company
- Delivery of annual return
- Renewal of the business registration certificate
- Reappointment of authorised secretary
- Renewal of the address of registration
Dates for Annual Examination for Hong Kong Company
Within 42 days upon the anniversary of incorporation.Penalties for Late Annual Examination for Hong Kong Company
- The fines charged for late delivery of an annual return are as follows:
Delivery Date Fines (HK$) More than 42 days but within 3 months after the anniversary of incorporation 870 More than 3 months but within 6 months after the anniversary of incorporation 1,740 More than 6 months but within 9 months after the anniversary of incorporation 2,610 More than 9 months after the anniversary of incorporation 3,480 - Penality for Late Renewal of the Business Registration Certificate: The company is subject to a fine of HK$300 for the late renewal more than 30 days after the anniversary of incorporation.