YOU NEED TO KNOW
Do I Need a Formal Business Plan To Support My Investment Visa Application?
Applying for an investment visa can be quite nerve-wrecking. Naturally, you would want to do anything in your power to convince the HKIMMD that your business would benefit the economy of Hong Kong. However, burning the midnight oil to compose “the ideal business plan” may….not be necessary at all. Stephen Barnes points out: “Certainly, every …
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I Am Planning To Apply For An Employment Visa in Hong Kong. Is There A Minimum Salary Requirement?
The HKImmD expects a foreigner, seeking an employment visa in Hong Kong to perform, at minimum, supervisory duties. This calls for an employment that is valued at HKD 200,000 annually. However, don’t take 200,000, divide it by 12 and aim for a monthly salary of HKD 16, 670. No, the HKD 200, 000 amounts …
Have You Got A Secretary To Look After Your Hong Kong Company?
Appointing a company secretary is mandatory. The secretary, if an individual, must ordinarily reside in Hong Kong; or if a body corporate, must have its registered office or a place of business in Hong Kong. The secretary is responsible for maintaining the statutory books and records of the company and must ensure the company’s compliance …
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I Am Looking Forward To My Company’s First Year Anniversary! Is There Anything I Should Do?
Remember! It is mandatory for companies to prepare and maintain accounts. Accounts must be audited annually by Certified Public Accountants in Hong Kong. The audited accounts together with tax return must be filed annually with the Inland Revenue Department. Every company is required to file annual returns with the Companies Registry and pay the annual registration fee. The Business Registration Certificate …
要注册香港公司，您必须提供香港本地地址作为公司的注册地址。注册地址必须是实际地址，不能是邮政信箱。 香港的公司税是如何运作的？ 对于在香港设立的公司，香港的税项为应课税利润的 16.5%。 香港遵循地域征税基础，即只有在香港产生或源自香港的利润才须在香港征税。 香港没有资本利得税、股息预扣税或消费税/增值税。
How Not To Name Your Company
People tend to dive into deeper and deeper pool of creativity in search of their company names. As open as Hong Kong is when it comes to company naming, there are a few words that can jot be included in the company name for legal reasons. These words are presented below: “Trust” “Chamber of Commerce” ”Bureau” …
What is Share Capital And Its Regulations In Hong Kong?
There are two types of share capital for Hong Kong companies: authorized capital and issued / paid-up capital. Although there is no minimum share capital requirement, the general norm for companies incorporated in Hong Kong is to have authorized share capital of HKD 10,000 represented by 10,000 ordinary shares of HKD 1.00 each. The authorized share …
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In order to register a Hong Kong company, you must provide a local Hong Kong address as the registered address of the company. The registered address must be a physical address and cannot be a PO Box. How does the corporate tax work in Hong Kong? Tax in Hong Kong is set at 16.5% …
Countdown to Hong Kong 7s – Only 14 Days Left!
Fewer than 14 days are left to the most magnificent rugby event of the year – Hong Kong 7s, which will be coming to Hong Kong Stadium on the 28th of March and staying till March 30th. The HSBC Sevens World Series, previously known as the IRB Sevens World Series, consists of nine tournaments held …
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What Expenses Can Your Business Claim in Hong Kong?
When paying company taxes in Hong Kong, make sure you know what expenses you can claim as a company. Here’s a list for your reference: Purchase of goods for resale Wages , MPF Contribution Rents , Lease of venue, machines, Rates Repairs Lighting , Electricity Internet , Mobile phone Running costs of company Entertainments Insurance …
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