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 […]
Whenever a business sets up a company in Hong Kong, the registration process requires the company to have Memorandum of Association and Company Articles of Association. This was under the old Company Ordinance. Under the New Ordinance, the government of Hong Kong has abolished the Memorandum of Association. They have retained the Company Articles of Association […]
Getting Your Trademark Registered Protects Valuable Assets in the Long Run Running a business without registering it is illegal. Hence, just as important, a registered company should also have a unique trademark that sets it apart from its competitors. A trademark should be registered as it will be identified to the goods provided by the business. Without […]
Company Registration, Business Registration, and trademark registration in Hong Kong are three very different categories, each with their own role and purpose to play. Each of the three registration types is regulated by a different set of laws. The registration of each category is also administered by different departments in the government. Company Registration, Business Registration […]
When registering a company name or trademark registration, it is important to understand that the two are not the same and separate regulations govern them respectively. In the Hong Kong Special Administrative Region, company names are registered at the Companies Registry whereas business names are registered at the Business Registration Office (Inland Revenue Department). On the other hand, trademarks are registered at […]
Hong Kong’s attractive income tax system and income tax rates is among the many reasons why foreign investors continue to choose the country as their preferred business jurisdiction for company registration. Other reasons why Hong Kong remains an ideal business hub for many foreign investors looking to expand into Asia include the ease of incorporating a company in […]
Double Tax Treaties in Hong Kong to Prevent Double Taxation Double tax treaties in Hong Kong (and many other countries) is in place to prevent double taxation. It is these double tax treaties that have helped Hong Kong strengthen its position as a global, thriving economic hub. Hong Kong’s double tax treaties have also helped […]
Compensation for Business Owners in Hong Kong: Director Fees, Dividends, and Salaries As a business owner in Hong Kong, one of the most critical financial decisions you will make is how to compensate yourself. Whether you choose to pay yourself through a salary, director’s fees, dividends, or loans, each option has distinct implications for your […]
Hong Kong has one of the world’s lowest taxes and foreign-sourced income (or offshore funds) is exempt from tax due to its territorial source principle for taxation. Incorporating a company in Hong Kong is, therefore, a significant advantage for many international companies looking to reduce taxation costs. Offshore Tax Exemption in Hong Kong Hong Kong is a […]