What ongoing compliance requirements, like annual filings or audits, will my company need to meet after incorporation?

After successful Hong Kong company incorporation, your business must fulfill these statutory compliance requirements:

1. Annual Return (Form NAR1):

• Due Date: Within 42 days after the anniversary of the company's incorporation

• Filed with: Companies Registry

• Contents: Updated information on directors, shareholders, company secretary, registered office, etc.

• Penalty for Late Filing: Fines and potential prosecution

2. Business Registration Renewal:

• Due Date: Annually or every 3 years, depending on your certificate

• Filed with: Inland Revenue Department (IRD)

• A new business registration certificate must be obtained upon renewal

3. Annual General Meeting (AGM):

• Private companies: Can dispense with holding an AGM if all shareholders agree

• If required, typically must be held within 6 months after the end of the financial year

4. Audited Financial Statements:

• All Hong Kong companies must prepare annual audited financial statements

• Must be audited by a Certified Public Accountant (CPA) in Hong Kong

• Required even if the company is dormant or operating at a loss

5. Profits Tax Filing:

• First return: Usually issued 18 months after incorporation

• Subsequent returns: Issued annually by the IRD

• Must submit a tax return along with audited financial statements and tax computation

6. Employer's Return (Form IR56):

• If your company hires employees, you must file annual employer's returns

• Usually issued by the IRD each April and due within 1 month

7. Renewal of Registered Office Address and Company Secretary:

• Must maintain a valid registered office address in Hong Kong

• Must maintain appointment of at least one company secretary

• Notify the Companies Registry promptly of any changes

8. Significant Controller Register (SCR):

• Maintain an up-to-date SCR at your registered office or a designated location

• The register must be available for inspection by law enforcement

9. Economic Substance Requirements (if applicable):

• For certain business types like holding companies or entities earning passive income

• May require demonstrating core income-generating activities conducted in Hong Kong

10. Licensing Requirements (if applicable):

• Depending on your business nature (e.g., financial services, import/export, restaurants), you may need to renew specific business licenses and comply with industry regulations

Our Hong Kong company secretary services can help ensure you meet all deadlines and compliance obligations. Non-compliance can result in penalties, disqualification of directors, or even company deregistration.

📞 Call us at +852 2127 4237 or 📧 email us at comsec@imsg.com.hk — we’re here to make corporate support simple.