We charge only US$800 including: 1) Preparing for annual returns and file to the Companies Registry 2) Collecting the business registration certificate AND:-Free mail forwarding (for a year)-Appointment of corporate secretary and local agency for a year-Providing registered office and business address for a year-Free public telephone line for a year-Free public fax line for a year. So the total renewal fee will be only US$800.
Every year, the Hong Kong tax department will issue a profits tax return to the Company, and it requires the company’s accounts to be filed to tax department. Certainly, in your case, as it is offshore in nature, the tax department will not require you to pay Hong Kong Tax, even they will issue a confirmation to confirm that your company profits are exempted from profits tax in Hong Kong. The general procedure is that we will prepare for Declaration Report of Non Business Engaged in Hong Kong, and Specific Power of Attorney for you so that we will be appointed as your attorney and will attend answering the enquiries made further by the Hong Kong Tax Department and deal with all tax issues on your behalf, and filing to the Hong Kong Tax Department, and confirm that your company is offshore in nature, and is no required to pay the tax in Hong Kong. For the fee, we charge on average starting from US$500 for a year including preparation of documents of Declaration Report of Non Business Engaged in Hong Kong, Specific Power of Attorney,
Fill up the Profit Tax Return under BIR51, following up the actions made by Hong Kong Tax Department in regarding to further returns under s.51(3), to provide further information to Hong Kong Tax Department under s.51(4)(a), and attend for the matter of your tax issues under s.51(4)(b). (It is required to proceed after Renewal is fully completed.) The fee is US$500.
So total fee for renewals and tax filings are US$1,300 in regardless to the size of business transactions, nature of business, etc.