Setting up business in any state is challenging but when it comes to Hong Kong things become little bit easier. However, there are few things that you need to understand properly. When it's about private limited company which has been operating under the Companies Ordinance an Annual Return is needed to be duly signed by the manager, director, authorized representative of Companies Registry and company secretary. But when it comes to a dormant company, which means that the company, during financial years had no pertinent accounting transactions, these companies are literally exempted from filing annual returns. Hong Kong company tax filing is basically a form that contains the details and particulars of the company for example the address of the company and details of the secretary, shareholders and directors. However to the Company Registrar you do not need to file the financial accounts of the company. The Annual Return is needed to be filed once in every financial year, but not in the year of incorporation. After the completion of the first year, within the 42 days the, first annual return should be submitted. Delayed filing will cost you higher registration fee, additionally the company will be accountable to penalties and prosecutions. Hong Kong company tax filing is not the last concern for a company but a company is needed to have all the audited accounts ready.
While conducting the Hong Kong company account and audit work Companies are required to keep their balance sheets updated. There are certain norms, there are certain restrains a company has to abide by, and for a new incorporated company it is not possible to know all. JV Consultants Limited is one leading consulting company which has been providing reliable service for considerable years. Often it becomes troublesome for few companies to keep track of their Hong Kong company account and audit, but with this agency there is no such issue. There is no penalty or prosecution that one has to undergo.
While conducting the Hong Kong company account and audit work Companies are required to keep their balance sheets updated. There are certain norms, there are certain restrains a company has to abide by, and for a new incorporated company it is not possible to know all. JV Consultants Limited is one leading consulting company which has been providing reliable service for considerable years. Often it becomes troublesome for few companies to keep track of their Hong Kong company account and audit, but with this agency there is no such issue. There is no penalty or prosecution that one has to undergo.