A company must be renewed each year to maintain its good standing and comply with the local regulation. Each country has a different obligation on what are required to be renewed for specific company types and industries. Some business document renewal is just simple as paying a flat yearly fee as in the case of business registration. Others might involve a complicated process like business license renewal given trend in local regulation setting higher standards for conducting businesses to adapt to globalization.

As your Registered Agent/Company Secretary, it is our duty to remind & support you to renew and comply with any legal requirement asked by the Government. Renewal is a must to all company, in order to keep its good standing status with the Government, maintain the business and also the company bank account. Depend on each Jurisdiction, the annual due date will be different and we will remind you on time about this to avoid any penalty fee.

Our business renewal service can help you to automate the renewing process with a reminder for notice of related concerns 1-2 months before the due date.

Scope of Services

• Reminder emails/letters about the annual due date.
• Inform any news/legal requirements asked by the Government.
• Provision of Company Secretaries, Registered Address.
• Preparation and filing of annual returns.
• Preparation and filing of licence applications (if any).
• Preparation, filing and payment of Government fees.
• Depend on the Jurisdiction, Accounting & Auditing will be required (Hong Kong, Singapore or UK, etc).
• Updated documents such as Business License, Annual Return, Confirmation Receipt, etc will be provided after finishing the Renewal process.

Legal Action against non-renewal company

Non-payment of annual renewal fees will incur severe late penalties, legal consequences and at risk of frozen Bank account. Example: For Hong Kong company, the Annual Return must be filed within 42 days since the anniversary date of incorporation. An additional fee will be charged if the filing date is passed and will increase for each period. Failure to comply, the company and the officer(s) will be liable for fine or receive a summon letter from Hong Kong High Court. In the worst case scenario, the company may be at risk of struck-off by not arrange the Annual Renewal fee on time.