The annual audit of Hong Kong companies refers to the annual qualification examination of Hong Kong companies conducted by the relevant functional departments of the Hong Kong government. The scope of the audit is mainly related to the business situation, profit situation and tax declaration.Cooperating with the government on annual audit can enhance the company's credibility in Hong Kong government. It is of great significance to the future import and export trade, property purchase and sale, immigration and company listing.
If there is no annual trial, the government will impose a fine; if the fine is not paid within the time specified by the government, you will receive a court summons; if there is no response to the court summons, the government will automatically cancel the company within a certain period of time, and the directors of the company will be blacklisted by the government.
Company secretary
a)the company must appoint a company secretary or "trust or company service licensee"
b)the company secretary must be a person ordinarily resident in Hong Kong/p>
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c)Hong Kong licensed accounting professionals and Hong Kong licensed legal professionals
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d)if the shareholders and directors are not the same person, one of them may be appointed secretary of the company
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e)if the sole director is the same person, a third party shall be appointed as secretary of the company
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f)the position of company secretary shall not be held concurrently by the sole director of the company
Register of important controllers
Starting from 1 March 2018, companies incorporated in Hong Kong must:
a)take reasonable steps to identify key controllers of other companies
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b)to give notice to and obtain information required by an important controller
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c)keep records on the register of important controllers and keep them up to date
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d)keep a register of important controllers at the registered office of the company or elsewhere in Hong Kong
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e)allow law enforcement officers to inspect the register of important controllers
Failure to fulfil the duty to keep the register of important controllers is a criminal offence.The company and each of its responsible persons may each be subject to a fine at level 4 (i.e. Hk $25,000).If applicable, an additional daily fine of hk $700.
appointed representatives
Starting from 1 March 2018, companies incorporated in Hong Kong must:
a) to designate at least one person as the "designated representative" of the company to provide relevant assistance to law enforcement officers on the register of important controllers of the company.
b)to appoint any of the following persons as the "designated representative" of the company:
1)the shareholder, director or employee must be a natural person residing in Hong Kong, or
2)Hong Kong licensed accounting professionals, Hong Kong licensed legal professionals or "trust or company service licensees".
Annual audit of Hong Kong company
Hong Kong company annual audit time
1.The annual audit of a Hong Kong company shall be held on the anniversary of the establishment of the company.For example, the company was established on July 1, 2014 and will inform you to handle the annual report on June 1, 2015.
2. The annual audit of a Hong Kong company shall be conducted once a year, and any delay in the process from the date of company registration to the anniversary of company registration shall be subject to administrative penalty. The annual audit of a Hong Kong company shall take 3 working days.
Company annual audit required to provide materials
