关于对中国企业银行账户实施更严格的规定。公司账户持有人或企业家必须注意银行验证电话和电子邮件。因为银行将通过电话、电子邮件或现场访问与您联系，日常错过电话似乎问题不大，但如果您错过了银行打来的电话，您可能会遇到麻烦，您在中国的公司银行账户有可能会被冻结。 […]
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CHINA ENFORCE A STRICTER RULE ON THE AUDIT OF CORPORATE BANK ACCOUNT – PART 1
What is happening in China’s Corporate Bank Account? In order to combat network criminal activities in China’s Corporate Bank Account such as telecommunications fraud and money laundering. Therefore, the People’s Bank of China has recently upgraded its supervision system. On the whole, the China corporate bank account holder should pay attention to the verification call …
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NEW RULE ON CHINA CORPORATE BANK ACCOUNT – PART 2
Regarding to the stricter rule imposes on the corporate bank account in China. The corporate account holder or business owner have to pay attention to the bank verification calls and emails. As the bank will contact you by phone, email or on-site visits. Missing a phone call seems not a big deal. However, if you missed that …
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Step by step for WFO E-Commerce Business Setup in China
What is a WFO E-commerce Business ? WFO E-commerce business stands for Wholly Foreign Owned E-commerce business. Either a foreign individual or corporate wholly owned and registered entity in China. In fact, WFOE is a common business setup by which non-Chinese nationals or non-Chinese corporate entities, when they need to incorporate a foreign-owned limited liability …
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IS YOUR PROFESSIONAL COMPANY SECRETARY A QUALIFIED ONE?
According to Section 154 of Hong Kong Company Ordinance, every company must appoint a Company Secretary. Along with this article, you can see the importance of a company secretary for every Limited Companies in Hong Kong. In fact, many of the Limited Companies do not know if they have hired a QUALIFIED professional company secretary to help …
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CHINA INVOICING SYSTEM WITH ELECTRONIC FAPIAO
What is Fapiao? Other than invoice, fapiao is a legal receipt that serves as proof of purchase for goods and services. Nevertheless, it is an essential component of China’s tax law, and compliance for businesses. Development of Digitalized Fapiao July 2019 The State Administration of Taxation announced the preparation of Digitalised platform October 2019 Launched online …
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MANAGING YOUR INVENTORY AND ACCOUNTING WORK
Measuring inventory accurately is essential to a success business operation. Without keeping an accurate record, you risk upsetting your customers as well as increasing the cost of carrying more products then your customers need. Ultimately, you will suffer from losing profit. On the other hand, when the goods records are well kept with true accuracy, …
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KNOW-YOUR-CUSTOMER QUESTIONNAIRE REQUEST BY YOUR COMPANY BANK ACCOUNT
Recently many Chinese Clients holding a Hong Kong Limited were enquiring about their company bank accounts. Banks has been asking to fill out KNOW-YOUR-CUSTOMER (KYC) questionnaires or even informing them that their accounts will be frozen up or closed down within next few months. These Chinese Clients came panic and asking what do they need …
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HONG KONG ENTREPRENEURS’ TAX REPORTING DURING PANDEMIC
The Organisation for Economic Co-Operation and Development (OECD) published an analysis entitled “OECD” Secretariat Analysis of Tax Treaty and the Impact of the COVID-19 Crisis”. (OECD Analysis). The OECD Analysis provides guidance on cross-border tax issues arising from the COVID-19 pandemic. The analysis mentioned the lead to creation of PERMANENT ESTABLISHMENT or change in the …
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银行的客户尽职调查
近年来，许多在香港开办公司的大陆客户会被审查他们的银行账户。银行方面会要求填写客户身份识别和尽职调查（KYC），如果没有按规定完成调查，您的银行账户可能会在几个月内被冻结甚至被关闭。 大陆客户可能会在第一次收到通知时感到有点手足无措，为什么银行一定要进行客户调[…]