All local companies incorporated in Hong Kong needs to file an annual return. In order to facilitate the completion of NAR1, key particulars of the company are filed. Whereas this happen at the anniversary date of the annual return as registered and kept by the Companies Registry will be provided. The Hong Kong Limited Company Secretary should deliver a properly completed and signed annual return together with the correct annual registration fee within the prescribed time period with the Companies Registry.
Late Delivery Penalty for
In cases of late delivery of annual returns, companies are still required to pay the statutory higher registration fees calculated based on the date of delivery. Even though the late annual returns are delivered within the concession period.
| Within 42 days after the company’s return date inclusive | $23 |
| More than 42 days after but within 3 months after the company’s return date | $870 |
| More than 3 months after but within 6 months after the company’s return date | $1,740 |
| More than 6 months after but within 9 months after the company’s return date | $2,610 |
| More than 9 months after the company’s return date | $3,480 |
Failure to File your Annual Return
To summarise, companies which fail to comply with their reporting obligations in delivering annual returns and other statutory returns for registration under the Companies Ordinance. You company may also be subject o default fines or even prosecuted
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