VALUE-ADDED TAX EXEMPTED IN CHINA

The Ministry of Finance and the State Taxation Bureau issued a joint announcement (No. 15 [2022]). China is extending the value‑added tax (VAT) exemption policy for small‑scale taxpayers and small business firms. The exemption has started since April 2021 due to the Covid-19 pandemic, slow down of business activities across within China and cross-boarder businesses. …

COMPANY NAMES REQUIRED APPROVAL BEFORE REGISTRATION

When you are going to pick a company name in Hong Kong, you must pre-check the intended is suitable for registration. Otherwise, the registration might be rejected. Resulting filing a new application and paying again. Reasons for needing approval before registration from the registar? You may need approval before registration if: The name gives the …

FAQ: LOCAL REPRESENTATIVE SERVICE?

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 …

APPLICATION PROCESS for CHINA TRADEMARK

The Importance of Registering a China Trademark Applying for a China trademark is a crucial and important step that’s often ignored or overlooked by exporters. As we mentioned in previous blog, China is a “first-to-file” country which means that the person who registers a China trademark for a product. The China Trademark holder will also …

WHAT EXACTLY ARE REGISTERED OFFICE SERVICES?

Centre O provides registered office services in order to help business owners. Companies can avoid the outrageously prohibitive cost of business accommodation in Hong Kong especially during their startup stage. The Registered Office Services include: Prestigious Registered office address Personal, banks and Government mail and small parcels handling with email notification Re-direction Services via local or international …

COMPANIES IN HONG KONG WITH FOREIGN PARENT COMPANIES

IN 2NoneSince 2000, InvestHK and Census and Statistics Department have collaborating to conduct an annual survey. Hence, the most popular type is the companies have their foreign parent companies located outside Hong Kong.  The survey report helps the entrepreneurs better understand the situation of Hong Kong as a leading international business and financial centre. Moreover, …

2020 STARTUP PROPORTION OF EACH INDUSTRY IN HONG KONG

Undoubtedly, Hong Kong’s appeal as a startup hub extends to a wide variety of industries. In 2020, the startup proportion includes Fintech, E-commerce/supply chain management / logistics technology and professional or consultancy service had the largest numbers. Startup Proportion Across a Wide Range of Industries 468 Financial Technology (Fintech) 385 E-commerce / Supply Chain management …

FEATURES OF NON-LOCAL FOUNDERS/STARTUPS IN HONG KONG

The annual survey from InvestHK and Census and Statistics Department has another target population. Now we are going to discuss another survey findings about the non-local founders / Startups with origin country/territory.  What is the features of Non-Local Founder in Hong Kong Number of Non-Local Founders According to the 2020 survey, a total of 3360 …

MAINTAINING YOUR COMPANY DURING DEREGISTER

Business owners are always concerned about how to incorporate a company and the logistics around running one. However, one aspect of running a business that many business owners fail to recognize is the deregister of a company. Deregistration is not a situation to expect but is always good to prepare for. When to make a …

THE NITTY GRITTY OF SETTING UP A BUSINESS IN HONG KONG

Hong Kong’s attractive business environment and competitive tax regime are fascinating the Entrepreneurs. The Entrepreneurs might be more desirable attentive to how to set up a business in Hong Kong. Let’s go down to the nitty gritty. Filing for incorporation is deceptively simple in Hong Kong. To file first though all you need to do …