1. On the first anniversary of registration, Hong Kong companies must pass the annual inspection and change their business registration certificates. If it is delayed, it will be severely punished. If the fine is not paid within the time limit, the Hong Kong Government will issue a summons to the parties to appear in court.

2. If you keep ignoring it, you will be forced to liquidate and cancel by the Hong Kong government, your Hong Kong company bank account will be unusable, and the funds in the bank account will be frozen.

3. The board of directors of Hong Kong companies is blacklisted by the Hong Kong government. In the future, the Hong Kong government and the mainland will enjoy the credit database, and departments will find records of bad reputation when handling business, which will bring inconvenience to themselves!

There will be strict monitoring when you go through the customs in Hong Kong. If you have a bad record before, it will bring you more adverse effects. Therefore, when a Hong Kong company ceases to operate, it is best to cancel the Hong Kong company for the sake of long-term consideration.

If the business registration certificate is overdue, a fine of HK$ 300 yuan will be imposed, and the annual report will be fined according to the overdue time: