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In case you want to run a business in Hong Kong, you have a few steps to complete. The first one is to apply for a Certificate of Incorporate (CI) number. Once you have the CI number, the next step is to apply for a Hong Kong Business Registration(BR) number. You must register with the …
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The Financial Secretary proposed in his 2022-23 Budget to waive Business Registration fees for 1 year. The schedule is starting from 1st April, 2022. Details of the Business Registration Fees waiver In respect of business registration certificates and branch registration certificates that commence on 1st April 2022 but before 1st April 2023. The fees payable …
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What is MPF? MPF refers to “Mandatory Provident Fund”. Hong Kong started MPF system since December 2000 in response to the rapidly ageing population issue in Hong Kong. How to calculate MPF contributions? The MPF contributions have 2 parts: 5% from employee and 5% from employer. Totally 10% of employee’s relevant income. Moreover, the employers …
According Business Registration Ordinance (Chapter 310, Laws of Hong Kong). Every business owner in Hong Kong should ensure compliance with the requirements of the Business Registration Ordinance. Please find the highlight as following: Section 7(2) requires every business owner to notify the Commissioner of Inland Revenue (Commissioner). If the business owner does not receive the …
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All local companies incorporated in Hong Kong needs to file an annual return. In order to facilitate the completion of NAR1, key particulars of the company are filed. Whereas this happen at the anniversary date of the annual return as registered and kept by the Companies Registry will be provided. The Hong Kong Limited Company Secretary …
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Chargeable Stamped Tenancy Tenancy, Lease, Agreement for Rental and any other document of similar effect. Including their duplicate and counterpart are Tenancy Agreement. The Stamped Tenancy Agreement are chargeable via stamp duty. The landlord, tenant and any other persons signing the tenancy agreement are liable for payment of stamp duty. A legal Tenancy Agreement have …
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Why you need a Local Representative? According to the “Guideline on the Keeping of Significant Controllers Register”, it states company must appoint at least one local person as a representative of the company. What is the role of a Local Representative? The main role of the Local Representative is to provide assistance related to the …
What is a Stamp Duty? Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property. Governments impose stamp duties, also known as stamp taxes, on documents that are needed to legally record certain types of transactions. Stamping of Shares Transfer When you are going to do the …
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Further the new inspection regime for the Company Register gazette in July. Yet, Phase 1 of a new inspection regime of the Companies Register under the Companies Ordinance (Cap. 622) commenced on 23 August 2021. From 23 August 2021, companies may withhold from public inspection the usual residential addresses of directors and full identification numbers (“IDNs”) of directors. …
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Even though e-Registry or electronic submission became prevailing trend. Still some people will file hardcopies of document to Company Registry. If you are one of those, you should keep an eye on the paper standard and requirement. What is the Paper Standard and Requirement? Plain, white, medium weight A4 paper with matt surface. That is, …
Continue reading “COMPANY REGISTRY REQUIREMENT ON PAPER STANDARD WHEN FILING HARDCOPIES OF DOCUMENT”