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What will happen if a Hong Kong company does not pay the business registration fee after registration?

Released Date: Aug 11,2021 Article Source: HUANZE

Many Chinese bosses register Hong Kong companies, some use Hong Kong companies to operate international trade, some use Hong Kong companies to build corporate structure, some use Hong Kong companies to do brand operation. After the company is registered in Hong Kong, it should handle the annual inspection procedures of the Hong Kong company on time every year, one of which is to timely pay the business registration fee. If the overdue payment is not paid, it will lead to a fine of the Hong Kong Tax Bureau. If it is not handled, it will be sued to the Hong Kong court, the Hong Kong court will issue a summons, requiring the Hong Kong company to appear in court for hearing.

Many Chinese bossesRegistered Hong Kong company, some use Hong Kong companies to operate international trade, some use Hong Kong companies to build corporate structure, and some use Hong Kong companies to do brand operation.Hong Kong company registrationOne of them is to timely pay the business registration fee. If overdue payment is not made, it will lead to a fine from the Hong Kong Tax Bureau. If it is not processed, it will be sued to the Hong Kong court, which will issue a summons and require the Hong Kong company to appear in court for hearing.

Registered Hong Kong companyAfter receiving the summons, the Hong Kong company can entrust the corresponding personnel to appear in court on time for the hearing. Before appearing in court, the company should first pay the unpaid business registration fee and get the payment receipt so that it can be shown to the court at the time of appearing in court. In the case of completion of payment, the final penalty of the Hong Kong court will be significantly reduced1200Hong Kong dollars.

Above isHong Kong company registrationProcess of receiving summons from Hong Kong court for non-payment of business registration fee. Once again, remind all bosses to handle the annual inspection of the company in Hong Kong in time to avoid fines or even prosecution.

What will happen if a Hong Kong company does not pay the business registration fee after registration?

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