Hong Kong offshore company accounting and tax obligations

Our in-house Accounting and Tax Department prepared this web page to help our multi-national Clients’ understand their annual Hong Kong statutory obligations:

No. Task US$
1. Preparation of abridged financial statements (a 15-page annual report) for the Hong Kong non-resident LLC including:

  • Restructuring and reclassifying income and expenses so as to i) clearly explain transactions during the accounting period and ii) legally minimize corporate and personal tax; and
  • Compliance with Hong Kong Financial Reporting Standards; and
  • Crafting accurate and complete financial statement disclosures, to properly explain to the IRD i) the annual international transactions and ii) corporation tax exemption;
2. Our in-house Accounting and Tax Department will project manage an independent statutory annual audit of the financial statement including:

  • Appointing an independent Hong Kong Audit Firm and negotiating audit terms and conditions on your behalf;
  • Negotiating (with the auditors) the supporting documentation required from your Hong Kong non-resident LLC;
  • Collating the statutory documentation for your one-time signature;
  • Securing a clean audit report for our Client;
3. Our Staff to help our Client evaluate their Hong Kong statutory obligations including i) maintaining proper book-keeping standards and ii) personal income tax obligations (if any); 350
4. Completing your Hong Kong non-resident entity annual corporate tax obligations including:

  • Preparing an accurate and complete i) corporate tax return and ii) tax computation and iii) tailored cover letter for IRD; clearly explaining why corporate profits are legally tax exempt;
  • Negotiating written inquiries and phone-calls from the Hong Kong Tax Authorities (post tax return submission), justifying why corporate profits are tax exempt;
Total annual accounting & tax fees for a Hong Kong offshore company 7,970