Hong Kong Company, Filing of Annual Return

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.