What are the ongoing obligations after you register a company in Hong Kong?

Once you finish the process to register company in Hong Kong, there are several responsibilities you need to keep up with every year. These tasks are simple, but they must be handled on time to avoid penalties.

Every company must file an Annual Return with the Companies Registry. This confirms your directors, shareholders, and registered address. You also need to renew your Business Registration Certificate either yearly or every three years depending on the option you selected.

Another important part is maintaining proper accounting records. Even if your company has very little activity, you still need to prepare financial statements and complete a yearly audit. After that, you will file your profits tax return with the Inland Revenue Department.

You also need an active company secretary and a registered office address in Hong Kong at all times. Many founders use a company registration service in Hong Kong to help manage these ongoing tasks so nothing is missed.

As long as these obligations are taken care of, running a business in Hong Kong remains smooth and stress free.