Company renewal steps

  • Healy Consultants Group PLC will send a renewal reminder to our Clients together with the renewal invoice and bank account details;
  • Acknowledge Client’s fund transfer and send an email with a paid invoice and re-engagement letter and engagement details;
  • Immediately Healy Consultants Group will pay the Government renewal fee;

Independent statutory annual audit

  • As per the Hong Kong Companies Ordinance, all incorporated companies in Hong Kong are required to have an annual audit of their financial statements performed by a Hong Kong practicing Certified Public Accounts (CPA);
  • Healy Consultants Group PLC will assist you on preparing the audited financial statement compliance with all the regulations and requirement in Hong Kong;

Fees

  • Healy Consultants Group PLC fees as follows;
    Type of EntityFees (US$)
    Active Company4,950
    Dormant Company950

Accounting and Tax Considerations

  • Hong Kong requires that all businesses file an annual tax return on their profits with the HK Inland Revenue and undergo an annual accounts audit performed by an independent CPA;
  • Profits tax is payable by every company carrying on a trade, profession or business in Hong Kong on profits arising in or derived from Hong Kong from that trade, profession or business. Profits which have a foreign source (often termed “offshore profits”) are thus generally beyond the territorial scope of Hong Kong’s taxation system, including those derived by locally incorporated companies;
  • Even when no tax return has been issued, however, the company has an obligation to notify the tax authority if assessable profits have arisen;

Legal and Compliance

  • Apart from in certain narrow sectors (for example, broadcasting), 100% foreign ownership of a company is generally permitted, and there is no requirement as regards the nationality (or place of incorporation for corporations) of the shareholder;
  • There are no restrictions on foreign shareholders (for example, there is no requirement that a shareholder be resident in Hong Kong) except in certain narrow circumstances;
  • Hong Kong gives effect to various United Nations sanctions. Dealings with the following countries / organizations are subject to regulations issued under the United Nations Sanctions Ordinance;

Contact us

For additional information on our company registration services in Hong Kong, please contact our in-house country expert, Ms. Chrissi Zamora, directly:
client relationship officer - Chrissi
hk-register hk-cpa hk-hktdc hk-hkgc hk-invest hk-government Hong Kong Tourism hk-immigration