Press release
Guide to Filing NAR1 Annual Return in Hong Kong for 2025
Why NAR1 Matters
The NAR1 Annual Return is a mandatory filing for all Hong Kong limited companies to update company details and ensure legal compliance. It maintains transparency and prevents penalties, which can reach HK$3,480 for late filings.
Benefits of This Guide:
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Step-by-step filing instructions
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2025 updates and requirements
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Top 10 errors and how to avoid them
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Practical checklist and tools
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Cost-saving tips
Key 2025 Updates
Since December 2023, new rules apply:
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8-Digit BR Number: Use the 8-digit Business Registration (BR) number as the Unique Business Identifier (UBI).
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Business Nature Code: Select a standardized code based on primary revenue sources.
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Email Requirement: Provide a valid company email.
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ID Number Privacy: Only partial ID numbers (e.g., first 4 digits) are required.
Filing Deadlines and Penalties
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Deadline: Within 42 days of the company's anniversary date (e.g., January 15, 2025 right February 26, 2025).
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Penalties:
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Up to 3 months late: HK$870
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3-6 months: HK$1,740
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6-9 months: HK$2,610
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Over 9 months: HK$3,480
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Severe cases: Up to HK$50,000 + HK$1,000 daily.
Preparation Checklist
Gather these documents:
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Company Registration Certificate
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Business Registration Certificate (8-digit BR number)
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Articles of Association
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Latest board resolutions
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Shareholder register
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Registered address proof
Director and Secretary Details:
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Names, partial ID numbers, addresses, nationality/place of incorporation, and appointment dates.
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Shareholder Details: Shareholding percentage, share types, and contact updates.
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Business Nature Code: Choose a specific code (e.g., 47190 for general retail) from the official table.
Step-by-Step Filing Guide
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Company Details: Enter exact company name, 8-digit BR number, and registered address.
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Directors: List all directors' details, including appointment/cessation dates.
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Company Secretary: Provide details of the secretary (individual or corporate).
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Share Capital: Specify issued share capital and shareholder details.
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Significant Controllers: Confirm the Significant Controllers Register (SCR) is maintained.
Top 5 Common Errors to Avoid
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Wrong Company Number: Use the 8-digit BR number, not the old 7-digit CI number.
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Incorrect Business Code: Select a precise code matching your main revenue.
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Incomplete Director Data: Ensure all director details are current and accurate.
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Shareholding Errors: Verify share percentages total 100%.
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Missing Email: Provide a valid, monitored company email.
Submission Options
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Electronic Filing: HK$105 (private companies), instant confirmation, requires digital certificate.
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Mail/In-Person: HK$105, 5-10 days processing, no digital certificate needed.
Payment: Use credit card (electronic), bank transfer, check, or cash (in-person).
Post-Submission
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Save confirmation documents.
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Update internal records.
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Set reminders for next year's deadline.
Expert Tips
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Create a compliance calendar.
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Maintain accurate records.
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Consider professional services like PAT CPA for complex cases.
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Monitor regulatory updates at patcpa.com.hk/en [http://patcpa.com.hk/].
Take Action: File your NAR1 on time to avoid penalties and ensure compliance. Contact PAT CPA for expert assistance.
Media Contact
Company Name: PAT CPA
Contact Person: Media Manager
Email: Send Email [http://www.universalpressrelease.com/?pr=guide-to-filing-nar1-annual-return-in-hong-kong-for-2025]
Country: HongKong
Website: https://patcpa.com.hk/
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