Generally speaking, there are three conditions for making a zero declaration. First of all, Hong Kong companies have not bought any property. Second, Hong Kong companies do not have any business (including business in Hong Kong and overseas business). Third, there is no record of any bank entry or exit. If the above three conditions are not met, then Hong Kong companies cannot directly declare zero. The accounts of Hong Kong Limited must be audited by a certified public accountant in Hong Kong and submitted to the Inland Revenue Department together with the auditor's report and profits tax return. If it is necessary to submit an application for overseas profits to the overseas profit assessment team, the application for overseas profits should be reflected in the auditor's report at the same time, and the tax bureau will make a judgment and then apply for exemption from overseas profits.

You can find a professional agency, such as the famous Milton Business Center in Hong Kong. Hong Kong companies, whether they are profitable or not, must declare and pay taxes to the Inland Revenue Department, and the directors are responsible for their responsibilities. If the company still fails to submit the auditor's report, tax return and employee compensation return within the specified time, the Inland Revenue Department will assess the company's tax and the company will be fined by the government. In the worst case, in addition to high fines, the directors will also bear administrative responsibilities.