For more information about why Hong Kong companies have no operation report, please consult 021-58822399 / 138169481
The Hong Kong company has not operated since the bank opened an account. Only handling charges and bank interest. Since its establishment, the Hong Kong company needs to report every year. In order to ensure continuity and for the verification of the Hong Kong government, a non operating report can be issued at this time. So what information is needed to issue the report?
I. Required information
BR, Nar1, bank statement, water bill, expense document, etc. are required for the Hong Kong company to issue no operation report.
II. No operation qualified
After the Hong Kong company opened an account, the bank did not have any business transactions and no running water, so it can issue an operation report. After issuing the non operating report, it is necessary to report to the tax bureau for processing. The audit report of a Hong Kong company needs to be handled by a third-party professional licensed accountant, so the company's accounting, audit and tax declaration can be handled by a professional agency. (Note: Hong Kong companies need certain conditions to declare zero. If they fail to comply with the zero declaration, the Hong Kong Inland Revenue Department will find out that they will be regarded as tax evasion or tax evasion, and will face a fine of at least three times the tax levied, and even be sentenced to 3 years' imprisonment)
III. Whether there is operation differentiation
1. Business records have been left in the bank account;
2. The government, customs and logistics companies have left import and export records;
3. Purchase and sales relationship with Hong Kong merchants;
4. Employees have been employed in Hong Kong;
5. Allow or authorize the use of patents, trademarks, designs and other materials in Hong Kong;
6. Allow or authorize the use of real estate in Hong Kong to collect rent, rental fee and other payments;
7. Consignment in Hong Kong;
8. Other profits derived from or generated in Hong Kong.
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