What is "annual review"? Does Hong Kong have an annual review?
2025-1-17
"Annual review" is a management system in mainland China and is the common name for "annual inspection". The company's annual inspection refers to the legal system in which the industrial and commercial administration authorities inspect the company on an annual basis in accordance with the law to confirm the company's qualification to continue operating. All companies that have obtained a company license must participate in annual inspections.
Is there any need for "annual review" in Hong Kong? Hong Kong operates under one country, two systems, and its laws are different from those in China. Of course, there is no "annual review" system.
A relatively similar system is that a limited company registered in Hong Kong must submit an annual return (NAR1) to the Companies Registry every year, reporting the company's corporate structure at a specific time each year, including: director list, shareholder list, share capital structure The information will be available for public inspection in the future.
Please note that the records in the Companies Registry are only the information reported by the company itself, and the content may not be accurate. The Companies Registry is not responsible for ensuring that the information is correct. Their job is simply to check whether the information is consistent with the information previously submitted and whether it has been updated. wait. The company itself must keep all valid company documents. This responsibility lies with the company directors and company secretary, not the Companies Registrar. Therefore, the term "annual review" does not exist in Hong Kong because the Hong Kong government (Companies Registry) has not conducted any "review" work. This is an misleading statement by some mainland intermediaries about Hong Kong government regulations, and is also a false statement made by some Hong Kong service agencies.The correct term should be to prepare an "annual return".
Our company holds a TCSP license issued by the Hong Kong government. Accountant Edward So is a chartered secretary and corporate governance professional licensed in Hong Kong. He has many years of experience in handling Hong Kong companies and offshore companies (such as: BVI, Cayman Island, etc.), can provide customers with comprehensive and effective corporate services and compliance services. If you have any questions about company structure or compliance, please feel free to inquire.
(Some pictures are taken from the public Internet. If there is any copyright, please notify us for deletion)
Homepage
Company Profile
