Hiring a Mainland Talents to Work and Live in Hong Kong?

Mainland talents cannot automatically move to Hong Kong and work. Undoubtedly, a working visa is required. Hence, the Immigration Department of Hong Kong SAR launched a programme called Admission Scheme for Mainland Talents and Professionals (ASMTP). The objective of the ASMTP is to attract qualified Mainland talents and professionals to work in Hong Kong. In order …

Online Appointment for Business Registration Office Counter Services

Service Hour Updated Due to the 3rd waive of COVID-19, Inland Revenue Department announced on 19 July 2020. The service hours of the counters of Business Registration Office are from 9:00 am to 12:00 noon. And 1:30 pm to 4:00 pm from Monday to Friday (except public holidays) starting from 20 July.   Online Appointment …

What is that Number on Profit Tax Return Form means?

Profits Tax-Industrial Classification Code Profits tax return is usually 00/12345678 as the file format. Among them, “12345678” is the company’s business registration number; While “00” is the industry classification code: Limited company code 01: Aircraft and operation 02: Finance 03: Construction works 04: Distribution and retail 05: Import and export 06: Investment/Speculation 07: Hotels, restaurants …

2020-21 Budget: Waiver of Water and Sewage Charges for Commercial Units under

The Financial Secretary announced in the 2020-21 Budget Speech, a package of helping measures for the commercial and industrial sector. On 8 April 2020, the Chief Executive announced another round of relief measures to support the businesses. The measures aim to assist enterprises to cope with current economic challenges. About 250,000 non-domestic accounts are expected …

Introduction of Business Environment in Hong Kong

Background  Hong Kong is a Special Administrative Region of the People’s Republic of China (“PRC”). Not only providing a safe and secure business environment to all. It also benefits from locating on the eastern Pearl River Delta of the South China Sea. With over 7.5 million people of various nationalities in a 1,104-square-kilometre territory. Hong …

Legal System and the Judiciary under business environment in Hong Kong

Legal System and the Judiciary – The Basic Law Under the Basic Law of Hong Kong, it exercises the judicial power of the Region and is independent of the executive and legislative branches of the Government. The courts in Hong Kong hear and adjudicate all prosecutions and civil disputes, including all public and private law …

Free Trade Business Economies of Hong Kong

Free Trade Business Economies Hong Kong is one of the world’s most open economies with a business-friendly environment characterised by free trade. Nevertheless, with a mature financial regulatory regime and legal system. A city with simple taxation and low tax rates, along with advanced transport and telecommunications infrastructures.   Financial Market Hong Kong’s financial markets …