i need to know what kind of papers i should be preparing to be eligible for a year long visa?

I think you need to prepare a completed Hong Kong visa appplication form ID 992A affixed with a recent-taken photo, photocopy of your passport and proof of academic qualifications and relevant working experience.

You also need some documents from the IT company in Hk, including a filled application form ID 992B, photocopy of the company's training contract containing information about post, salaries, other fringe benefits and training periods, documents with details of company background, photocopy of proof of financial standing and detailed business plan.

You may see details here http://www.immd.gov.hk/ehtml/id993.htm