According to the Hong Kong Companies Ordinance, Cap 32, s. 121 (1), each Hong Kong company with limited liability shall maintain the company's books and transaction records. Hong Kong companies must take reasonable steps to ensure that the company's books give a true and fair view of the company's financial position. The company's books and transaction records must be kept for at least seven years. if directors of the Company has not taken all reasonable steps to ensure that the company's books and transaction records are kept properly, in accordance with Cap 32, section 121 (4), the Directors shall be guilty of an offense.
Directors must present to the shareholders the company's balance sheet and income statement at the annual general meeting. Under Cap 32, section 122 (3), if directors are unable to present at the annual general meeting the company's balance sheet and income statement, the directors are offense.
Deep Blue can provide such accounting or bookkeeping services, please contact our professional accountants in Hong Kong and the Hong Kong tax agent for queries.
Friendly Reminder: When choosing your certified public accountants, please go to the following website for checking whether the Hong Kong Society of Accountants has registered with the said professional accountant firm to avoid being deceived.