An Annual Return is required to be filed within 42 days 1 year after incorporation date together with the payment of a statutory filing fee of HKD105 (USD14).
Consequences of Not filing or Filing Late
Companies have to pay higher registration fees, for filing Annual Returns late. For a Hong Kong private company having a share capital, the registration fee payable for the late delivery of an Annual Return is:
|If the Annual Return is delivered:||HK$|
|·||between 42 days and 3 months after the anniversary of incorporation||870|
|·||between 3 months and 6 months after the anniversary of incorporation||1,740|
|·||between 6 months and 9 months after the anniversary of incorporation||2,610|
|·||9 months after the anniversary of incorporation||3,480|
Besides, companies which fail to file annual returns or file annual returns late are liable to prosecution and, if convicted, fines imposed by the court. The maximum level of fine for a company which fails to comply with the requirements for completing and filing annual return is a fixed penalty of HK$50,000 and a daily default fine of HK$700.