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Why annual review on time

What are the consequences of non annual review of Hong Kong companies?

  • Account freeze

    Banks will be frozen, unable to make payments Unable to withdraw the balance, unable to open an account in the future
  • Government fines

    Government fines or prosecutions, as well as court subpoenas. The maximum fine for overdue is hkd50000, and the daily fine is hdd700. Learn the detailed fine
  • Credit damage

    It may cause shareholders' directors to be recorded with bad credit, affect entry and exit and flight transfer, etc
Annual audit matters of Hong Kong company

Contents of annual review: renewal of the latest annual business registration certificate and submission of the annual declaration form

Warm tip: if the annual audit is not conducted within 42 days after the expiry date, the government will impose a fine according to the overdue time.
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