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The government just announced the 2024 Policy Address on 16 October. The theme of enhancing development and build the future together with the citizens. As a startup, an entrepreneur or a citizen, you must be concerned about what measures will have an impact on the operations of enterprises. Especially small and medium-sized enterprises (SMEs). Therefore, …
Continue reading “HONG KONG: SMEs POLICY ADDRESS 2024 HIGHLIGHTS”
Good news for non-Chinese Hong Kong and Macau Permanent Residents. Starting on 10 July 2024, they can apply for a 5-year permit to travel to the Mainland for short-term purposes, such as business or tourism. Permit holders no longer need to apply for a China Visa. Then, they can travel to the mainland within the …
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Hong Kong is one of the best business hubs in Asia, and it consistently ranks as one of the world’s freest economies. Its strategic location, low taxes, and business-friendly policies draw many entrepreneurs globally to do business in Hong Kong. However, before you start the business, you should understand its legal requirements – one of …
Continue reading “COMPANY SECRETARY for HONG KONG INCORPORATION”
The Profit Tax Return Form is known as the “Profit Tax Return – Corporations (BIR51)”. BIR51 is used by corporations, including limited companies and other corporate entities. The purposes are to report their assessable profits and calculate the amount of profit tax payable to the Hong Kong Inland Revenue Department (IRD). What information do you …
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2024-2025年将免收每年220港元的商业登记费，以及注册费将不再享有折扣。自2024年4月1日起，商业注册费为2200港元。 2024-2025年您需要支付多少费用？ 以 2023-2024年计算，商业注册费总额为2000港元，另外加收征费150港元，合[…]
After setting up a Hong Kong Limited, the company filings do not end there. Yearly, you are required to arrange renewal of your company including annual return and profit tax return as well. Annual Return As per the rules in the Companies Ordinance, each of the Hong Kong companies has to file the Annual Return …
With the increasingly connected world, financial crime is a growing global issue. The banking institutions will keep updating your company information regularly. The regular checking is called Know-Your-Client, you have to response the KYC properly and in a timely manner. What is KYC? KYC means Know Your Client and sometimes Know Your Customer. This check …
在2024-25财政预算案建议实施薪俸税和个人入息课税的标准税率两级制，自2024/25课税年度起生效。 根据建议的薪俸税两级制度调整后的标准费率如下： 净收益为500万美元或以下，税率保持不变，仍然是15%；当净收益超过500万美元，500万美元的税率为15[…]
Financial crime is becoming critical. Entrepreneurs have to protect themselves and their businesses, which are not falling into the crime. Then we have to implement an array of Know Your Customer (KYC) measures. Hence, 2 questions must be asked, which are source of funds and source of wealth. What is Source of Funds (SoF)? SoF …
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中国企业一直在走向世界、拓展业务，在全世界范围寻求成功，但是在全球扩张也有比較多的贸易限制差異。 外汇管制 中国政府严格控制外汇交易，限制中国公司向国际供应商付款或从海外客户收款。因此，外汇交易通常必须通过授权银行进行，并且必须获得监管部门的批准。 关税和贸易[…]
