National Day of The People’s Republic of China In HK!

October 1st is the date to save for The People’s Republic of China’s National Day celebration! This celebrates the founding of The People’s Republic of China on October 1st, 1949. Hong Kong only started to celebrate this holiday since 1997, the year of the British handover of HK to China. This holiday, like many other big …

STARTING A RELATIONSHIP WITH A CONTRACT

Before you start doing business, make sure you put basic legal documents in place. Written legal agreements are the best way to clearly state what you expect from all parties within the deal. Legal agreements will also help avoid conflicts and will give you legal options in case things go south. If written clearly and …

Tax Saving Tip #4: Hong Kong Surplus Waiver

ATTENTION BUSINESS OWNER: Hong Kong’s government budget has consistently saved you money. You don’t believe me? Well, Hong Kong has a tax-friendly law that particularly benefits SME’s. When Hong Kong runs a government budget surplus (brings in more money than they spend) part of your tax is waived. And the waiver is no laughable amount; …

Tax Saving Tip #3: No Taxes on Investments

After years of intelligent and lucrative investing, you decide it is time to take your earnings out of your portfolio. But before that money reaches your pocket, you are disappointed to find that a huge slice of your would-be earnings has been gobbled up by various taxes. You realize your investment was hardly worth what …

Tax Saving Tip #2: Hong Kong Rent Write-Off

Another tax saving tip for your business! We all know one thing for certain in Hong Kong – rent is expensive. Really really expensive. For many, Hong Kong rent can eat up most of their monthly paycheck. Luckily, Hong Kong has a policy providing relief for entrepreneurs here. In Hong Kong, the directors of a …

Tax Saving Tip #1: Hong Kong “Carryforward”

Who likes paying taxes? Nobody. Fortunately, Hong Kong has one of the lowest corporate tax rates in the world. What’s more, there are several unique ways you can save on your company’s tax bill. Being wildly profitable in the first few years of business is often far-fetched with getting your name out there and all …