Annual Return Submission to Companies Registry

Annual Return Submission to Companies Registry

The Companies Ordinance has mandated that all locally incorporated private limited companies must file their Annual Returns with the Companies Registry.

Annual Tax Return Submission to Inland Revenue Department

Annual Tax Return Submission to Inland Revenue Department

In Hong Kong, both locally incorporated and foreign companies (an incorporated subsidiary or registered branch) are required to file annual return with the Inland Revenue Department (“IRD”).

Business Record Keeping in Hong Kong

Business Record Keeping in Hong Kong

Every business in Hong Kong is required to keep sufficient records of all business transactions conducted.

A Guide to Significant Controller Register for a Hong Kong Company

A Guide to Significant Controller Register for a Hong Kong Company

Beginning 1 March 2018, new changes were made to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Bill 2017.

Accounting Standards in Hong Kong

Accounting Standards in Hong Kong

The accounting standards in Hong Kong are referred to as the Hong Kong Financial Reporting Standards (HKFRS). Read more to know these principles.

Audit Exemption and Reporting Exemption for Dormant Company in Hong Kong

Audit Exemption and Reporting Exemption for Dormant Company in Hong Kong

A dormant company will be exempted from complying certain requirements as stipulated in the Ordinance, which will, in turn, enables an inactive company to be retained at a minimum maintenance cost.

Hong Kong Director Duties and Responsibilities

Hong Kong Director Duties and Responsibilities

Directors are responsible for ensuring that the company is compliant with legal obligations and regulatory requirements. Therefore, Directors must keep tab of the happenings within the company.