YOU NEED TO KNOW

HONG KONG TAX RESIDENTS GUIDE

Hong Kong has a reputation of tax-friendly for decades. As Hong Kong is a Free Trade Port. Tax is low, simple and competitive for tax residents in Hong Kong. If you are going to start a new career or business in Hong Kong, here’s a little tax guide for you. Direct Tax Hong Kong only …

IS THERE CAPITAL GAIN TAX IN HONG KONG?

Simple Tax System Hong Kong has a simple tax system with low tax rates for businesses and individuals. There is no Capital Gain tax and only have three types of taxes in Hong Kong: Profits tax, Salaries tax and Property tax. Any other Taxes? Capital Gains Hong Kong does not tax capital gains. However, gains …

HOW TRADEMARK PROTECTS YOUR BRAND?

Centre O knows you spent a lot of time and effort to create a brand. From your own original conception, design, production and to launch on the market. Then do you do anything to protect your brand? Yet, to ensure that the intellectual property rights of your product is under protection. The entrepreneurs can obtain …

HONG KONG BANK ACCOUNT OPENING – FREQUENTLY ASKED QUESTIONS

2024-01-02

As the bank wanted to understand your business better when opening your company bank account. To provide with the right solutions to support your business growth and protect you from financial crime. So, during the bank interview, the officer will ask you a series of question based on the following aspects: Required Documents The documents …

HOW TO APPLY FOR A TRADEMARK IN HONG KONG?

2023-11-24

What is a trademark? Trademarks are signs used to distinguish in the marketplace the goods or services of one enterprise from those of other enterprises. They allow customers to identify a business as the source of a product or service. Why you need to register a Trademark? Registering your trademark means that you have the …

LIST OF CODE and DESCRIPTION of BUSINESS NATURE

Starting from 27 December 2023, other than the Unique Business Identifier (UBI) will be implement, there is also List of Code and Description of Business Nature to be updated. What is the new compliance? Company Registry required all Hong Kong Limited Companies to select the code and business nature that closest match with their major …

HONG KONG: 4 TALENT ADMISSION SCHEMES ADJUSTMENT

Hong Kong Government launched a number of talent admission schemes to enrich the talent pool. In order to enhancing Hong Kong’s international competitiveness, 4 schemes are updated. Which schemes are adjusted? Pattern of limited of stay under various admission schemes Names of Schemes Old Pattern New Pattern No. of years Quality Migrant Admission Scheme (QMAS) …

HONG KONG: BUSINESS POLICY ADDRESS 2023 HIGHLIGHTS

2023-10-31

Hong Kong Chief Executive Mr. John LEE presented his second policy address on 25 Oct 2023. He has established a result-oriented culture. So, the 2023 policy address still stick on this approach. Centre O is going to have a highlight in the business policy address. Reinforce Over the business policy address and build a diversified …

COMPANY REGISTRY – UNIQUE BUSINESS IDENTIFIER (UBI)

Implementation of Unique Business Identifier Company Registry announces the implementation of Phase 2 of Unique Business Identifier (UBI) on 27 December 2023. The purpose of using UBI is helping government to enhance public service delivery and regulate entities more effectively. What is UBI? UBI enables governments and businesses to distinctly identify legal entities in various …

WHAT IS AN AUDIT REPORT?

An audit report is the examination of the financial report of an organisation. As presented in the annual report by an independent of the organisation. The report includes a balance sheet, an income statement, a statement of changes in equity, a cash flow statement, and notes comprising a summary of significant accounting policies and other …