Regulatory obligations post Hong Kong company registration

Once you are done with the registration and your Hong Kong business is incorporated, there are some other ongoing obligations that you have to take care of on a regular basis. These are very simple and easy necessities that can be easily procured. Since they are required by the law for every limited company formation, every company registered under the Hong Kong company registry is obligated to serve them. 

Following are the regulatory obligations that serve as a guideline for companies registered in Hong Kong:

·         Submitting the Annual Return – Annual Return of your company is required to be filed within  42 days from the date of the anniversary. This needs to be followed every year. 

·         Annual fee of Business Registration Certificate – An annual fee is applicable on the Business Registration Certificate for its renewal within 30 days to the date of the anniversary. This needs to be paid every year thereafter. 

·         Profit tax return – The Hong Kong Inland Revenue Department is in charge of all the tax returns. Your business will receive its first Profit Tax Return after 18 months from the date of incorporation. Post that, the annual exercise of issuing the return in bulk takes place. Upon receiving the receipt of Profit Tax Return, you need to file it within one month from the date of issue. 

·         Employer’s Return – This is the filing of payroll information for the reconciliation of tax returns filed by the employees. This needs to be filed before 30^th April of every year. 

For all other details, go for a companyregistry search. There are various business consultants that you can partner with for the smooth incorporation and running of your business. They can be of great help throughout the business. From resource allocation to register company online, they will be helpful in every major and minor task.