Compliance guide
Annual Compliance for a Hong Kong Offshore Company
Last updated · Reviewed by the Harbourline Corporate compliance team
| Audit | Required every year (Hong Kong CPA) |
|---|---|
| First Profits Tax Return | Usually issued ~18 months after incorporation |
| Annual Return (NAR1) | Within 42 days after the incorporation anniversary |
| Business Registration | Renewed annually (or 3-yearly) |
| Records retention | 7 years |
The compliance calendar
- Month 12: Annual Return (NAR1) due within 42 days of the anniversary; Business Registration renewal.
- Month ~18: first Profits Tax Return issued by the IRD (typically 3 months to file; extensions are available through a tax representative).
- Every year: audit of the financial statements before the tax return is filed.
- On any change: update directors, secretary, address or significant controllers within the statutory deadlines.
Penalties to avoid
Late Annual Returns carry escalating registration fees. Failing to file a Profits Tax Return can lead to estimated assessments and penalties, and failing to keep a Significant Controllers Register is an offence. Your portal shows each deadline; we remind you well ahead.
Frequently asked questions
Can a dormant Hong Kong company skip the audit?
A company that has been dormant since incorporation, or for a period, may pass a special resolution to be exempt from audit under the Companies Ordinance while it stays dormant. An actively trading offshore company cannot use this exemption.
Official sources
This guide is general information, not tax or legal advice. Hong Kong offshore status is decided by the Inland Revenue Department on the facts of each case, and your country of residence may tax you or the company.