Hong Kong companies are different from mainland Chinese companies. The registered address of mainland Chinese companies must be the physical business address. The registered address of the company in Hong Kong can be inconsistent with the business address of the entity. The registered address of the company in Hong Kong is mainly used to receive letters from the government, banks and other relevant departments. For example, the Hong Kong Inland Revenue Department regularly sends letters to the registered address of a company in Hong Kong, notifying it of the change of business registration certificate, filling in salaries tax returns, profits tax returns, etc. These documents have to be completed and submitted to the Inland Revenue Department within the limited time limit. If the registered address is untrue and unstable, the Government letter is not received and the time limit for submission of the documents is exceeded, penalties will be incurred.
The bank of the Hong Kong company usually sends monthly statements, statements and other information to the Hong Kong company from time to time every month. If the contact address is not agreed with the bank, the bank will usually send these documents to the registered address of the Hong Kong company. If the registered address is invalid, the letter will be returned to the bank. Upon receiving the returned letter, the bank will conclude that the registered address of the Hong Kong company is invalid and request the shareholders and directors of the Hong Kong company to come to the bank to change the real and valid registered address or contact address. If there is no response, bank accounts may be frozen or even forced to close.
Therefore, it is very important for a Hong Kong company to find a qualified secretary company and provide a real, effective and stable registered address. During the operation of a Hong Kong company, it will avoid a lot of unnecessary fines and troubles.
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