Companies have to pay higher registration fees for filing Annual Returns late.
Within 42 days after the anniversary of incorporation……………………HK $ 105More than 42 days after but within 3 months after the anniversary of incorporation …………HK $870More than 3 months after but within 6 months after the anniversary of incorporation…………HK $1740More than 6 months after but within 9 months after the anniversary of incorporation…………HK $2610More than 9 months after the anniversary of incorporation……………HK $3480
In addition, companies which fail to file annual returns or file annual returns late are liable to prosecution and, if convicted, pay the fines imposed by the court. The maximum level of fine for a company which failed to comply with the requirements for completing and filing annual return is a fixed penalty of HK$50,000 and a daily default fine of HK$700.
