According to Hong Kong law, Hong Kong companies are required to complete annual review procedures upon their anniversary of establishment in order to continue their legal operations.

Rengang Yongsheng has established its foundation in Hong Kong and has a thorough understanding of the business environment in Hong Kong. With its professional advantages, it provides annual audit services for Hong Kong companies. In addition to drafting statutory documents for the government, we also prepare annual shareholder and board resolutions for enterprises in accordance with Hong Kong laws. Rengang Yongsheng's professional consultants will also conduct risk assessments and provide targeted improvement suggestions for the company based on its financial reports.

Annual review procedure

Signing annual declaration documents

Handling annual audit procedures

Update business registration certificate and submit annual declaration form

Annual review content

Submit annual declaration form

Update Business Registration Certificate

Legal Secretary Renewal

Renewal of registered address

Annual review time

Within 42 days from the anniversary of the company's establishment.

Regulations on Penalties for Late Annual Review

Penalty for late submission of annual declaration form

Submission date penalty amount (in Hong Kong dollars)

Over 42 days but not exceeding 3 months 870

Over 3 months but not exceeding 6 months 1740

Over 6 months but not exceeding 9 months 2610

Over 9 months 3480

Penalty for overdue renewal of business registration certificate

A fine of HKD 300 shall be imposed for more than 30 days from the day after the anniversary of the company's establishment.