KR
HONGKONG CORPORATION
MANAGEMENT
Renewal/Deregistration/Restoration
BR Renewal
Renewal cycle
- 30 days before foundation date
Time required
- 1 working day
Process
-
01PROCESS
30 days before expiration of business registration Receipt of DEMAND NOTE
-
02PROCESS
Tax Office DEMAND NOTE Customer Notification and Invoicing
-
03PROCESS
Customer, settling expense
-
04PROCESS
Filing Update DOCUMENTATION and DEMAND NOTE
-
05PROCESS
Receipt of updated company documents (takes about 1 day)
-
06PROCESS
Notify update to customer
NAR1 Renewal
Report cycle
- 42 days from the establishment date
Report process
-
01PROCESS
Report to Client
-
02PROCESS
Customer, Settlement of Report Cost
-
03PROCESS
Annual report creation and apply
-
04PROCESS
Notification of update to Customer
Fines due to no update
- From 42 days to 90 days: HKD 870
- 90 days to 180 days: HKD 1,740
- 180 days to 270 days: HKD 2,610
- 270 days or more: HKD 3,480
Hong Kong corporate Deregistration (liquidation)
Prepare to close
- Preparation of closing documents and verification of the expiration date of the business (about 5-6 months required)
- Audit report on past transactions - no audit report if no past transaction records are available.
Process
-
01PROCESS
Apply deregistration to the Hong Kong Tax Bureau
-
02PROCESS
Check BR update and tax reporting
-
03PROCESS
Registration termination period (3 - 4 months)
-
04PROCESS
Authorization to deregistration from the Tax Bureau
Time required
- About 4-5 months
Restoration
All Hong Kong company can apply for restoration within 20 years if they meet the following conditions after they are dissolved.
- Business should have been going in place at the time of removal
- If there are assets attributed to the Hong Kong government, governmental approval for restoration is required.
- Submission of corporate documents for restoration
- The burden imposed by the government
Process
-
01PROCESS
Review Company documents
(Check address and penalty)
-
02PROCESS
Submit application and supplementary documents
- penalty settlement
-
03PROCESS
Approval
Time required
- About 10 working days after submitting documents
