Every company will need to renew annually to keep the company in good standing. The due date of the renewal depends on the jurisdiction.
All limited companies (including private, public and corp) in the UK, Hong Kong, Singapore and USA must submit an annual return to the Companies Registrar every year.
The annual return provides a snapshot of general information about your company, including details of directors and company secretary (if you have appointed one), the registered office, share capital and shareholdings, any change over the last year etc.
As a limited company director, you are legally obliged to file an annual return for your company. In fact, it is a criminal offence to fail to deliver your annual return on time.
If you do not submit your return within 28 days after your company’s ‘made up date’ you will face penalties. The relevant authority could even have your company struck off the company register.
Each year, the Company Registrar will write to your registered address informing you of the need to submit your annual return.
After the end of its financial year, your private limited company in Hong Kong, UK, Singapore and US must prepare:
You need your accounts and tax return to meet deadlines for filing with the local tax authority. In Hong Kong, the Inland Revenue Department will normally request the 1st tax return around 18 months after incorporation, but for the UK and Singapore it is the anniversary date.
|Jurisdictions||Due Date||Fee Schedule|
|Hong Kong||Anniversary date||US$ 799|
|Seychelles||Anniversary date||US$ 589|
|BVI||31 May (Incorporation from 01 January to 30 June)||US$ 1069|
|30 November (Incorporation from 01 July to 31 December)|
|Belize||02 January||US$ 799|
|Anguilla||01 January (Incorporation from 01 January to 31 March)||US$ 839|
|01 April (Incorporation from 01 April to 30 June)|
|01 July (Incorporation from 01 July to 30 September)|
|01 October (Incorporation from 01 October to 31 December)|
|Delaware LLC||01 June||US$ 649|
|Delaware Corporation||01 March|
|RAK||Anniversary date||US$ 2,399|
|Mauritius||30 June||US$ 1,499|
|Cayman||31 December||US$ 2,829|
|St. Vincent and the Grenadines||31 December||US$ 1,399|
|Singapore||Anniversary date||US$ 2,498|
|Marshall Islands||Anniversary date||US$ 820|
|Panama||Anniversary date||US$ 1,599|
|Bahamas||31 December||US$ 1,149|
|Cyprus||30 June||US$ 2,499|
|United Kingdom||Anniversary date||US$ 624|
|Vanuatu||Anniversary date||US$ 4,940|
|Samoa||30 November||US$ 889|
Profit tax return: US$300 for Dormant Company only
Employer Return: US$200
|Singapore||Depend||US$500 for Dormant Company only|
|United Kingdom||Depend||US$399 for Dormant Company only|
|United States of America||Depend||US$499 for Dormant Company only|
Taxation currently applies in jurisdictions such as the United Kingdom, the United States, Hong Kong and Singapore. All business entities are required to fulfill tax reporting requirements. To fulfil these duties, our company would like to offer our taxation services with the process below.