Company renewal in Hong Kong is essential to comply with legal requirements and maintain the company's official address. This guide outlines the renewal process, required documents, and associated costs.
Why Company Renewal is Necessary
- To comply with the requirements for filing an annual return and renewing the business registration certificate as stipulated by the Hong Kong Companies Ordinance. Non-compliance may result in fines ranging from US$140 to US$500.
- To maintain the use of the Hong Kong agent’s address in company documents.
- To continue receiving physical correspondence at the Hong Kong agent’s address.
What the Service Includes
- Preparation and submission of the annual return (Form NAR1) to the Hong Kong Companies Registry.
- Issuance of the updated Business Registration Certificate.
- Renewal of the company’s virtual address for 1 year.
- Renewal of secretarial services for 1 year:
- Receiving and notifying you of any received correspondence.
- Storing correspondence for up to 60 days.
Result
- PDF file of Form NAR1.
- PDF file of the updated Business Registration Certificate.
Required Documents
For the shareholder and director:
- A bank statement in English with the current address, not older than 3 months.
- A scanned passport, if passport details have changed.
Timeline
2-3 weeks from the annual registration date of the company.
Cost
US$1400