PROMULGATION OF THE CODE OF PRACTICE FOR EMPLOYMENT AGENCIES

Marketing COMPANY SECRETARIAL

Recently, there has been some updates on the code of practice for employment. Here below are the main amendments: Increasing the maximum penalty on Employment Agencies (EAs) overcharging job-seekers or operating without a license Extending the scope of the offence of overcharging job-seeker Extending the statuary time limit for prosecution of the offence of overcharging job-seekers and unlicensed operation of …

GOODS AGREEMENT

What is the Procedure for Setting up a Representative Office?

Marketing INCORPORATION

Set up a Representative Office First, the company must complete the registration procedure with the Companies Registry within 1 month of the establishment of the place of business. Also, they must register with the Business Registration Office of the Inland Revenue Department within one month of the commencement of business. Further, For more details about setting up a representative office, kindly …

Three Tips to Follow For Fortunate Chinese New Year

Marketing EVENT

Three Tips to Follow For Fortunate Chinese New Year Chinese New Year is approaching! This New Year’s Day will be on 16 February and is also the year of dog. If you are born in 1958, 1970, 1982, 1994 and 2006, having zodiac sign of dog, this year you will be blessed! In the New Year’s Day, 16 February, Chinese people …

Process Trademark

What is a trademark?

Marketing INCORPORATION

What is a Trademark? First and foremost, a trademark is a sign/symbol that distinguishes the brand of one business from the other. Furthermore, it can be words, indications, designs, letters, or any other defining characteristics. What is a sign? A sign as a trademark can be represented graphically.  Last, for more information about trademark, kindly contact us at sales@centreo.hk or call …

Company Hong Kong

Private Limited Company Vs Public Limited Company

Marketing INCORPORATION

Private Limited Company Vs Public Limited Company A private company in Hong Kong is often set up for the purpose of conducting small business. A private company does not need to file its accounts with the Companies Registry, so that it may maintain confidence of the financial situation of the company. As defined by the Companies Ordinance of Hong Kong, …

Company Limited by Shares Vs Company Limited by Guarantee

Marketing INCORPORATION

Company Limited by Shares Vs Company Limited by Guarantee A company limited by its shares A company limited by its shares is the most common form one will see when trading and doing business. This form of company’s liability is limited to the value of the shares. What this means is that the capital of the company is broken down …

What are the Disadvantages of a Limited Company?

Marketing INCORPORATION

Limited Company A limited company has several disadvantages, such as: Publicity: a company is required to disclose certain information to the public by filing returns with the Companies Registry, such as: – Personal particulars of shareholders – Personal particulars of directors – Company secretary – Transfer of shares – Capital structure – Annual Accounts Expenses: There are the expenses of …

What are the Advantages of a Limited Company?

Marketing INCORPORATION

Limited Company A limited company has several advantages, such as: Limited liability: the liability of the shareholders for the company is limited to the amount of their respective shareholdings. If the company collects a lot of debt and is unable to pay it back, they may wound up the shareholders so that the assets owed by the company will be …