Options of closing business in Hong Kong- Winding-Up or Deregistration

The overall process of closing a business in Hong Kong usually takes some months before complete. The costs of the process depend on the options of closing of the business: Winding-Up or Deregistration. So it is better to think carefully about it and consider accordingly. Even though both the processes lead to the closing of the business …

Hong Kong Limited Company Deregistration Process

Points to Keep in Mind Even though it might seem like something sensible to do, unless it is completely necessary. Otherwise, we have to think deep before the final decision. Before we want to move ahead and de-register the company in Hong Kong. There are other points we have to consider:  It is the obligation …

Company Secretarial Services for a Hong Kong Limited Business

Centre O offers many Hong Kong Limited business on Company Secretarial Services. We received numerous requests on a consistent basis to take over the role as appointed company secretary. The entrepreneurs were angry with the unsatisfied secretarial practices with their pervious suppliers. The reasons may be varied, but the common reasons can be concluded as hidden …

Company Registry Facilitating Business in Hong Kong

The needs of companies and the community are changing in Hong Kong rapidly. Moreover, the Companies Registry (CR) continued to update the policies, regulations and processes.  It not only invested in the information technology systems to increase the efficiency of starting a business. But also on-going invest in innovative ideas, digitalisation and new technology.  Implementation …

Company Registry – Financials and Business Review

Financial Performance The Company Registry’s sources of revenue comprise mainly the incorporation of new companies, the registration of annual returns and searches for company information, constituting more than 85% of the total revenue. Over the years, it operates on a self-financing basis and provides funds for its sustainable development. Business Review The Company Registry’s services …

Company Registry – Failure to Deliver Annual Return

Is your Company Secretary assisting on maintaining and up keeping your Hong Kong Limited company on time?What will happen if you do not file your Annual Return to Company Registry on time? According to section 899 of the Company Ordinance, the Registrar will issue an official notice to a company which fail to deliver Annual …

The Employment (Amendment) Ordinance 2018 for Employment Agent License Holders

The Employment (Amendment) Ordinance 2018, effective since February 9, 2018.   Any employment agent is not allowed to collect from a job seeker any fees or charges other than the prescribed commission, which is an amount not exceeding 10 per cent of the first month’s salary of the job seeker upon successful placement.Those who failed to do …

Applying for a Hong Kong Identity Card once Visa is approved

What is the next step after your Visa is finally approved? Centre O is here to assist you in every step of the way for your business. Once your Visa is approved, you can begin the process of applying for a Hong Kong Identity Card. We can help you go through the process of ID …