In 2019, the "Guangdong, Hong Kong and Macao Dawan District Development Plan" has been introduced. In the construction of the Guangdong, Hong Kong and Macao Dawan District, Hong Kong has the economic system advantages of "one country, two systems" and international standards, and is a modern open economy with national construction and international integration. Provide important support. It is believed that under the guidance of the strategy of Guangdong, Hong Kong and Macau's Greater Bay Area, the number of Hong Kong company registrations will further increase.
According to the Hong Kong Companies Ordinance, Hong Kong companies need to file tax returns within the prescribed time. What are the advantages of Hong Kong companies in filing tax returns?

Conducive to long-term operation
If a Hong Kong company wants to operate for a long period of time, it is one of the necessary conditions to report the amount as it is. According to the regulations of the Hong Kong Companies Ordinance, Hong Kong companies that do not meet the zero declaration must file tax returns in time after receiving the tax return of the tax bureau. . After Hong Kong officially implemented the CRS system, tax management became more stringent. More stringent penalties will be imposed for Hong Kong companies’ tax frauds.
Conducive to bank financing
As one of the international financial centers, Hong Kong is a well-developed financial services industry. In recent years, the use of Hong Kong as a settlement and financing platform has become a common practice. If Hong Kong companies are well-functioning, the use of relatively narrow credit conditions for bank trade financing can play a huge role in alleviating the pressure on domestic companies' cash flow and reducing financial costs.
However, in the process of bank financing, it is very important for Hong Kong companies to file tax returns and have a good reputation. The Hong Kong company has a three-year tax audit report and shows that Hong Kong companies are profitable and beneficial to Hong Kong bank credit review.
Good for Hong Kong immigrants
In fact, immigration to Hong Kong is not difficult. As long as it meets the basic conditions of Hong Kong's talented immigrants, there is an opportunity to successfully immigrate to Hong Kong: that is, Hong Kong company Hong Kong has a real office address and has Hong Kong employees. Of course, the Hong Kong company's good operating status is very key, so the Hong Kong company's truthful tax return is beneficial to Hong Kong immigrants.
Conducive to opening a letter of credit
The annual audit of the Hong Kong company is conducive to the opening of the letter of credit. When the bank issues a letter of credit to the customer, it will give an audit report to review the customer's concept, and accordingly, it will decide to issue a credit line to the customer.
Conducive to company listing
Hong Kong's capital market has always been a bridge between mainland companies and international capital markets, and an important window for mainland companies to go overseas and face the international market. Many mainland and listed companies have chosen to complete the IPO path through the Hong Kong platform. If the Hong Kong company wants to go public in the later stage, it is very important to report the tax as it is.
All in all, compared with domestic companies, Hong Kong companies are more relaxed in their accounts, but they also remind everyone that in the era of CRS, Hong Kong companies will face certain penalties if they do not account, and serious cases may cause the company to fail. Operations and bank accounts are frozen.