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 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 …

When is your company’s financial year ends?

Many papers lying around? Needing help on getting a ledger, financial statement and a proper audit report for tax report?   Keep Calm and Relax. Working with 2 Certified Public Accountants in Centre O Business Centre for more than 6 years, we are able to offer 1 stop shop for you. Our accounting and auditing …

How to maintain & upkeep my business ?

It is very important for you to keep track of the company performance in each period , so that you can maintain and upkeep your business . After you have done the transactions with customers and made some expenses for your company, you have to keep all theses records ,including monthly bank statements,every contracts,invoices and …

LAST CHANCE TO RSVP FOR SPEED-NETWORKING EVENT !

READY FOR SPEED NETWORKING EVENT  (FINAL CALL !!!) Networking can be intimidating when you are in a room full of strangers and don’t necessarily know the right people to approach. We invite your to join fellow entrepreneurs in a facilitated networking program, allowing you to maximize your time and make business connections quickly. This is a …

Bank Account Opening for The Development Bank of Singapore Limited

When you want to open a bank account in The Development Bank of Singapore Limited , you should prepare the below documents: Basic documents required: (1) Articles of Association (2) Certificate of Incorporation (3) Business Registration Certificate (4) Company Chops (5) Incorporation form (6) HKID card/passport (7) Address proof with: -Residential address -Registered office address …

2016/17 a better year for entrepreneurs and business startups.

The budget for 2016/17 just launched! This year far more entrepreneurs will benefit from the government as supporting funds and schemes focusing on startups (especially for small and medium-sized enterprises) grow. Several important benefits for SMEs are shown below: 1. A decrease in the profit tax In order to reduce the burden on SMEs, the government …

Why MPFA is not authorising my request of releasing my money?

I’m leaving Hong Kong, why MPFA is not authorizing my request of releasing my money?   Answer : You will have to fill in application to request of release of your MPF money back to your bank account, at the same time, you are required to include supporting documents on your application, including new employment …