CentreO Blog

After setting up a Hong Kong Limited, the company filings do not end there. Yearly, you are required to arrange renewal of your company including annual return and profit tax return as well.

Annual Return

As per the rules in the Companies Ordinance, each of the Hong Kong companies has to file the Annual Return regularly every year in the prescribed form. The form that is used is called the NAR1 form. The contents of this form include the particulars of the issued share capital, registered capital, registered office, secretary(s), director(s), shareholder(s), etc.

The annual return has to be filed within 42 days of the anniversary date of the incorporation of the company every year, and it is a compulsory obligation. In case a person forgets to file the annual return, they would be liable to pay the late fines depending on how late the filing has been done.

Profit Tax Return

Submission the Profit Tax Return, it doesn’t mean you have to pay tax. As the tax amount will be computed by the profitability for the year. It is normal for a company to get its first profits tax return within the 18 months since the commencement date of the business. After that, the next tax return forms would usually be issued on the 1st of April each year (or the first working day of April every year.)

Along with this, an audit report has to be attached. In the next years, in case there is no tax representative to act on its behalf for submitting the form for an extension, the company has to file the tax return within a month.

Renewal of Documents

Each year, when renewing a company, it’s common for any Hong Kong Limited to keep a record of the below docunments.

1. Business Registration Certificate
2. NAR1 (Filled Annual Return Form)
3. Client Due Diligent Acknowledgement
4. ND2A (Notice of Change of Company Secretary) – if applicable
5. NR1 (Notice of Change of Address of Registered Office) – if applicable

How Centre O can assist you on the renewal?

Centre O provides one-year Registered Address Services including fax and telephone number. We can assist to handle government letters and phone calls. Also, Centre O is a licensed TCSP agent to provide qualified Company Secretary Service. And then we can assist to file Profit Tax, Employer’s Return and Personal Salary Tax. The one-stop service to help you sort out all the annual renewal matters.

For further information, please contact us.

You may want to read: What are Hong Kong Limited Company Annual Obligations?

Branding Kit

A brand kit is a collection of the visual elements of your brand: the colour palette, logo(s), and typography. It also known as a brand style guide or brand guidelines. It is a document that outlines the visual and stylistic elements of a brand. So branding kit serves as a reference point for maintaining consistency in all brand communications both online and offline.

What is including in a Branding Kit?

LOGO

The branding kit includes guidelines on logo usage, variations, sizes, and clear space requirements. Then the guideline ensures that the logo is always displayed correctly and consistently across all platforms. No matter the logo is in online or offline materials.

Colour Palette

Colour Palette specifies the primary and secondary colours that represent the brand. The branding kit includes color codes (such as HEX, RGB, or CMYK values) to ensure color consistency in all brand materials.

Typography

The branding kit defines the fonts or typefaces used for headings, subheadings, body text, and other elements. It includes guidelines on font sizes, styles, and spacing to maintain a consistent look and feel.

Imagery

Guidelines on the types of images and graphics that should be used to represent the brand. This may include photography style, illustration guidelines, image quality, and usage rights.

Voice and Tone

Defines the brand’s personality, voice, and tone of communication. It provides guidelines on the language style, messaging, and tone of voice to maintain consistency in brand messaging.

Iconography

Specifies any custom icons or symbols that are part of the brand identity. Guidelines on when and how to use these icons are included in the branding kit.

Design Elements

Other design elements such as patterns, textures, or graphic elements that are part of the brand identity are outlined in the branding kit.

Usage Guidelines

Instructions on how to apply the branding elements across various materials, including digital platforms, print materials, merchandise, and more.

Is it important to prepare a branding kit?

A branding kit is to consolidate all of your brand’s design assets so that they can be easily accessed and reproduced both internally and externally. So, providing a comprehensive set of guidelines for visual and stylistic elements. It ensures that all brand communications are cohesive, consistent, and aligned with the brand’s identity and values. It helps maintain brand recognition, build trust with customers, and establish a strong and memorable brand presence. As we know visual consistency helps strengthen your company’s image with its audience and makes your brand feel familiar over time.

For further information, please contact us.

You may want to read: Do I need to prepare a company logo for a startup?