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After identifying the significant controllers in your company, you should enter the content into a Significant Controllers Register, keep it up-to-date, and make it available for inspection. It is important to note that certain details must be included in SCR: • The ‘required particulars’ of every significant controller of the company. The ‘required particulars’ include name, nature of control over the company, …
All companies incorporated in Hong Kong (except listed companies) should identify persons who have significant control over the company (‘significant controllers’) and maintain a significant controllers register (‘SCR’) to be accessible by law enforcement officers. A person has ‘significant control’ over a company if one or more of the following condition are met: • The person holds, directly or indirectly, …
Building relationships and business network is important for starting a business because it can help you to take a step back everything from branding strategy to funding. A good relationship is mutually beneficial, which enables both parties to help each other in an organic way. To build this kind of relationship, only attending business networking events and keeping business information …
At Centre O, we work very hard to facilitate the process of serving our clients, including using XERO as accounting cloud-base system to make your finances much easier. By connecting your HSBC Account to Xero, your transactions will be reconciled automatically every 24 hour. Below is the process to connect your HSBC account to XERO: 1. In the Accounts menu, …
Entrepreneurship is challenging. Here are five personality traits that you should develop in order to be ready to start and grow your business. Passion Entrepreneurs themselves are the heart of the startup company! Their passion and enthusiasm for work will motivate the rest of the team and drive the company to success. Building a business takes a lot of time …
The Dragon Boat Festival is a traditional holiday to show respect to the famous Chinese scholar Qu Yuan. The festival occurs on the fifth day of the fifth month on the Chinese calendar. This year, the festival is held on the 18th of June. To celebrate the festival, people love eating rice dumplings and race dragon boats. Both of these …
Under Hong Kong law, there are subtle differences between Trademark Registration and Company Registration, for example, whether Company Registration protects brand or business names. In this blog, we are going to address the differences between the Companies Registry and Company Registration, and how Trademark Registration is different. The most important difference is that Company Registration is not an indication of trademark rights. In …
The 10th annual Hong Kong Entrepreneur Day will be held from the 17th of May to the 18th of May in the Hong Kong Convention and Exhibition Centre. It is free and open to the public. At this fair, visitors can find start-up opportunities and support services made for Hong Kong start-ups. In addition, there are many events to help …
You will receive a letter every quarter from the Census and Statistics Department containing a survey requesting basic information about your company. This information includes incorporation date, business nature, number of employees, etc. You may be confused with the purpose of this form and how it should be filled. Below is some basic clarifying information to ensure you fill out the …
Recently, there have been some updates on the code of practice for employment. Listed below are the main amendments: Increasing the maximum penalty on Employment Agencies (EAs) for overcharging job-seekers or operating without a license Extending the scope of the offence of overcharging job-seekers Extending the statuary time limit for prosecution of the offence of overcharging job-seekers and unlicensed operation of …