Entrepreneurs tend to focus on profit and growth, and there is nothing wrong with that; however, there are other things that they should be aware of as well. Mainly an entrepreneur should be mindful of what it takes to keep a company up to date (i.e., deadlines and renewals). Neglecting basic company maintenance matters can result in penalties and even legal action imposed by the government. In Hong Kong, specifically, there are fewer requirements, but it is still essential to keep track of them. Hong Kong company owners need never miss a deadline again with our timeline below, which sets out important dates and requirements during their company’s life cycle.
For more information relating to costs and procedures, you can head to our previous blog article Can You Afford to Incorporate and Maintain an HK Company?
Have more questions in mind? iNCUBEE | LCCS can help!