When you are setting up a new business
in an unexplored State, it is a challenging task for you, but in Hong Kong it
is not that tough any more. But you ought to understand some certain things
clearly. In case of a Private Limited Company, operating under the Companies
Ordinance it is mandatory that the Manager, Director, authorized representative
of Companies Registry and Company Secretary, should duly sign Annual Returns.
But in case of those companies those who don’t have any pertinent accounting
transaction during the same financial year called “Dormant” company are
exempted from filing any Annual Returns literally. There is a form for filing
the Annual Returns titled as Hong Kong Company tax Filing contains of
varying details and particulars like Name and Address of the Company with the
details of the Shareholders, Directors, Secretary Etc.
Moreover, there is no need to file the
financial accounts of the company before the Company Registrar in this regard. Except the year of incorporation
The Annual Return is to be filed once in every financial year in particular.
After one your company’s incorporation, first Annual Return to be submitted within 42 days from the date of
completion one year. You may be charged of prosecutions, in addition of higher registration fees, and company will be
accountable to penalties. The company should have all the audited accounts
ready in addition to the company tax filing.
The balance sheet of the company should be updated while
conducting the Hong Kong Company account and audit work positively. But it is a common
factor for all of the newly incorporated company that a though knowledge is not
fully available to them about the certain norms and restrains which are to be
abide by the company. Being a leading agency in that field JV Consultants Limited is bent on providing reliable Share
Transfer in Hong Kong service into this account. This company takes
interest in Trademarks Registration In Hong Kong as well.