Every business in Hong Kong is required to keep sufficient records of all business transactions conducted. Business record keeping in Hong Kong is important because it enables your company’s assessable profits to be readily ascertained. Your business record keeping should be kept for at least seven years from the date of the transaction conducted. Not […]
In Hong Kong, both locally incorporated and foreign companies (an incorporated subsidiary or registered branch) are required to file annual return with the Inland Revenue Department (“IRD”). The Annual Filing Requirements of a Hong Kong Private Limited Company Filing of Annual Tax Return with Inland Revenue Department (IRD) a. What is it? Hong Kong Company’s […]
According to Section 447 Cap. 622 of the Hong Kong Companies Ordinance (the “Ordinance”), a private company in Hong Kong can declare as a dormant company by passing a relevant special resolution and submitting necessary documents to the Registrar. A dormant company will be exempted from complying certain requirements as stipulated in the Ordinance, which will, in […]
Hong Kong may be a thriving international business hub for company registration, but choosing the right profitable small business idea in Hong Kong to start is still essential to ensure your success. Many entrepreneurs, especially those looking to start a business for the very first time, have their sights set on Hong Kong. That’s because of the many […]
If you are operating a business in Hong Kong, you will require a Hong Kong business registration number. This guide provides information about the Hong Kong business registration number and Hong Kong business registration number search. A Hong Kong business registration number (BRN) follows an 8-digit sequence. Each business in Hong Kong must secure one when […]
Registering a sole proprietorship business in Hong Kong is ideal if you intend to run a small business on your own (self employed Hong Kong) with no other employees. Sole proprietorships in Hong Kong differ from Private Limited Companies in Hong Kong because with sole proprietorship Hong Kong, there is no protection when it comes to your […]
Why Conducting Business in Hong Kong? There’s something about Hong Kong that has attracted foreigners to its shores for years. As one of the most bustling business hubs in Asia, the country has seen a surge in entrepreneurs eager to start a business in Hong Kong. The question is, why? What is it about this island […]
Aimed to align the non-Hong Kong companies’ disclosure obligations with those of Hong Kong companies in company names display as well as the disclosure of liability status, the Company Registry of Hong Kong has recently released the communiqué on the updated regulation: The Non-Hong Kong Companies (Disclosure of Company Name, Place of Incorporation and Members’ Limited Liability) Regulation (Cap. […]
Private companies that are limited by shares and incorporated in Hong Kong have flexible arrangements for shareholders of the company. Hong Kong’s attractive shareholding arrangement for shareowners management is one of the pull factors for investors to invest in Hong Kong companies. Hong Kong Company Shares According to Hong Kong company law, any company can issue shares […]
Hong Kong is home to major businesses. To ensure ongoing compliance with the law, that’s where auditors in Hong Kong come in. Auditors must be practising CPAs. What Is Auditing in Hong Kong? Auditing is when your company undergoes an official verification and review of the business’s financial accounts. This is done by third-party auditors in […]