{"id":92030,"date":"2023-12-07T10:27:07","date_gmt":"2023-12-07T02:27:07","guid":{"rendered":"https:\/\/premiatnc.com\/hk\/?p=92030"},"modified":"2024-09-16T14:54:28","modified_gmt":"2024-09-16T06:54:28","slug":"how-to-renew-business-registration-in-hong-kong","status":"publish","type":"post","link":"https:\/\/premiatnc.com\/hk\/blog\/how-to-renew-business-registration-in-hong-kong\/","title":{"rendered":"A Detailed Guide On How To Renew Business Registration In Hong Kong"},"content":{"rendered":"\n
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Every company or business in Hong Kong must be registered with the government. However, there\u2019s so much to come after this process is complete. You\u2019ll need to file your annual returns <\/a>and meet up with several other company renewal requirements every year. Are you a new business owner who is unsure of how to handle company renewal requirements? You\u2019re at the right place. This piece will teach you how to renew business registration in Hong Kong. <\/p>\n\n\n\n

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Requirements for Renewing Business Registration for a Limited Company<\/h2>\n\n\n\n

Before diving into how to renew business registration in Hong Kong, you must first learn the requirements for renewal.<\/a> If you own a Hong Kong business, these are some of the renewal requirements to look out for:<\/p>\n\n\n\n

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  1. The business registration certificate<\/strong> has to be renewed within one to three years after the company has been incorporated. The duration for this incorporation will depend on the type of business certificate that you get. <\/li>\n\n\n\n
  2. The business has to renew any forms, documents or licenses<\/strong> at least a month before it expires. <\/li>\n\n\n\n
  3. The annual return<\/strong> for the business should be filed within 42 days from the company\u2019s anniversary date. You\u2019ll be reminded about your annual return to be filed before the due date.<\/li>\n\n\n\n
  4. The business has to file an Initial Annual Audit<\/strong> within 18 months of incorporation. However, companies with unlimited liability are exempted from this audit. <\/li>\n\n\n\n
  5. Businesses have to handle their Inland Revenue Department tax filing<\/strong> within 18 months after their incorporation.<\/li>\n\n\n\n
  6. The company is expected to hold an Annual General Meeting (AGM)<\/strong> within the first 9 months after it has celebrated its one-year incorporation anniversary, or this meeting can also hold within 3 months after the accounting reference period (whichever is later). According to Section 584 of the Company Ordinance, companies are allowed to hold their meetings in at least two different locations with the use of information and communication technology. <\/li>\n<\/ol>\n\n\n\n
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    Appoint Us As Your Company Secretary Today!<\/a><\/div>\n<\/div>\n\n\n\n
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    Types of Business Registration Renewals<\/h2>\n\n\n\n

    As part of the process of how to renew business registration in Hong Kong, there are also various types of renewals<\/a> you might undergo. As you\u2019ve probably noted, a Hong Kong business is subject to different types of renewals. Now, let\u2019s look closely at each of them.<\/p>\n\n\n\n

    Filing Annual Returns<\/h4>\n\n\n\n

    According to the rules in the Companies Ordinance, Hong Kong companies are expected to file their annual returns every year.<\/a> They are expected to file their returns using a prescribed form that\u2019s referred to as the NAR1 form. The details of this form should include information about the issued share capital, registered business capital, registered office, directors, shareholders, etc. <\/p>\n\n\n\n

    The annual return for the business should be filed within 42 days from the company\u2019s anniversary date. If you fail to file your annual return within the stipulated period, you\u2019ll be subject to fines. The details of the fine you\u2019ll be subjected to are as follows:<\/p>\n\n\n\n