Since the HSBC is Tightening up the policy on some Middle East Countries and Russia , there has been much gossip like :
According to the inside information of HSBC, company account of whom do not make annual audit will get closed.
But... THAT IS NOT TRUE!!!
As a matter of fact, some companies have followed all the HKIRD requirements, but their accounts still got closed. So, the annual audit is just one of the investigation elements, the more important principles of using HSBC account are the following points:
In addition, according to the requirements of the HKIRD, a Hongkong company needs to do accounting and to declare the tax every year. If not , the holder of the company may be sentenced to certain penalty or imprisonment.
If you have any other questions ,you should ask a specialist like HACOS for help.
HACOS is the original author,
please indicate the resource before repost.
We`re looking forward to help you.
