A company without activity in Hong Kong, what to do?

What to do if my company didn’t have any activity for the whole year? You don’t need to do the Accounting & Auditing, but you need to register your company as dormant and justify that there was no activity. Do I still need to do the Accounting & Auditing and to fill in the Profit …

What business nature shall I choose for Company Incorporation?

My Hong Kong Company will be dealing with different kind of businesses. What business nature shall I choose for Company Incorporation? You can choose a broad business nature, such as Trading, Consulting, Food & Beverage, etc. so it enables you to add up different branches to this Limited Company. A Limited Company in Hong Kong …

What are the running costs from year 2 after the first year of Company Incorporation?

There are simply 4 costs to consider: 1. Business Registration Renewal – HK$250 government fee (2016-2017) 2. Annual Return – HK$305 government fee (2016-2017) 3. Registered Office – HK$1,300 / year – Centre O fee 4. Company Secretary – HK$2,000 / year – Centre O fee Feel free to contact us at sales@centreo.hk if you …

How to prepare the employment contract?

A written employment contract reminds both employer and employee obligations, avoids argument, needed for the payroll services and clearly protects the rights and benefits of both parties. After employer hires the employee, employer should give the employment contract to the employee in details. In fact, both parties must sign if they agree with the declaration. …

What kind of business entrepreneur are you according to commitment?

In the book ‘The Life of an Entrepreneur in 90 pages’ is described 3 kinds of entrepreneur’s style according to their commitment. Part Timer: they work obviously full-time, but only 40 hours a week based on a labor-based system as in the 1860’s. Full Timer: they work obviously more than part timers since they are …