According to the regulations of the Companies Registry of Hong Kong, the annual return and payment slip of Business Registration certificate should be submitted to the Companies Registry and tax department of Hong Kong before the annual inspection is due. Failure to do so will result in heavy fines and unannounced lawsuits, bank accounts will be frozen, and directors will be held fully liable and placed on dishonest records. The annual inspection of Hong Kong company is delayedThe fine details are as follows:

Penalty amount for delay in annual report:42day-3month HKD 870;6month-9monthHKD 2,610;3month-6monthHKD 1,740 ; exceed9monthHKD 3,480; Maximum fine $50000And daily fines$700. Penalty amount for delay in filing tax return:1monthHKD 1200; Business registration fee delay penalty Amount:1Within a month HKD 300; Employee payroll delay penalty: HKD 2400Get up.

All responsibility rests with the directors/ Directors will bear full responsibilityIf you fail to complete the company management procedures as scheduled, according to the Hong Kong Company Law, your company will be fined in total, issued a summons, arrest the company director, and force the director to execute all the management procedures that have not been completed. Therefore, Hong Kong annual company inspection is a necessary condition for the normal operation of the company, and we must pay attention to handling Hong Kong annual company inspection well in ordinary company management.

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