Don't Hong Kong companies have to cancel? What will happen if you don't cancel?

If a Hong Kong company fails to conduct annual review and cancel in time, it is not allowed. With the introduction of the personal information exchange policy between the mainland and Hong Kong governments, bad personal reputation will directly affect the reputation of individuals in the mainland.

If a Hong Kong company fails to conduct the annual review after the registration date, it will incur a fine, which will be increased cumulatively according to the time limit. After the expiration of the annual review, the fine will increase continuously until it exceeds three years, and it will be cancelled by the company registry. In addition, its bad record will follow shareholders for at least 7 years. If you enter or leave Hong Kong in the future, you may be found by the customs and sent back to China. In serious cases, you may be sentenced to imprisonment for less than one year. If the company is allowed not to cancel its registration and annual review, it will adversely affect the future investment, immigration and tourism of the company's directors and shareholders in Hong Kong, and will be blacklisted by the Hong Kong government, and even affect the future development of its children in Hong Kong, with serious consequences. It is not ruled out that the networking between the Hong Kong government and the mainland government in a few years will also affect its development and reputation in China.

The cancellation methods of Hong Kong companies are as follows: 1. The annual review of Hong Kong companies expires at least two months; The company is in normal condition and has no debts. Those who meet the above conditions can apply for cancellation.

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