Is annual renewal necessary if my HK company is not doing business?
Is it still needed when I don’t operate the company?
What if my HK company does not renew?
Renewal is very important for HK company‘s normal operation. Today we are going to tell you more about it.
WHEN NEEDED?
Annual renewal is required if the HK company meets any of the following conditions.
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Operating
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Having been opened for over one year with no turnover
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Planning to close
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Still operating without annual renewal
WHY IMPORTANT?
Annual renewal is a legal requirement in Hong Kong. Therefore, it is necessary to get reviewed for legal operation. Otherwise, you’ll face:
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Heavy fines
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Court summons and being arrested
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Being on a blacklist
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Restriction for directors and shareholders
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Bank account closed
WHAT’S RENEWAL
Take HACOS as an example, our annual renewal provides:
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Business registration certificate renewal
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Secretary address
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Operation manual for HK company
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SCR
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Priority in account opening
Now we have a special discount for you! Just scan the following QR code and contact us!
Coco
📲 17846997168
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