Is it still suggested to prepare accounting & audit reports?

• Yes from a good business practice angle. Although it is not required to prepare and submit audited financial reports to the HK IRD yearly for an approved 'offshore business', we would suggest the company to develop its accounting and audit reports still in order to keep track of the business's financial performance and be able to think ahead for better planning. 
• If you are concerned about the accounting and audit arrangement part, no worries! We have a full accounting team in here with in-house qualified accountants, on standby to help you start from scratch - from preparing the very first financial statements (P&L account, balance sheet, trial balance), arranging audited statements under SME, PE or main GAAP format, to providing advice for your tax compliance and strategies with extensive knowledge of HK tax regulations. You will never miss a local deadline nor be messed up with the cumbersome accounting work anymore. Chat with our team to see how our solutions can fit your specific needs. 
• What's more, our Equiom internationl accounting and tax team is ready too to solve your overseas statutory accounting / tax queries.