According to the company ordiance, each year, every Hong Kong Company is required to renew the business registration certificate and the annual return form for the renewal. If overdue the government will issue the penalty notice. Even worse, you will receive a court summons,which means you need to attend the court hearing. It’s no good for company’s normal operation.
Every year, renewal of business registration certificate, need to go to tax government to get a new year of business registration certificate, the government cost will depends on the adjustment of the government. In addition, a set of documents for annual return form is required to be updated as required by the Company Registry.