Hong Kong Chief Executive, Mr. John LEE led a delegation to visit Singapore, Malaysia and Indonesia. During the trip, more than 30 MoUs have been signed. Thus, the act is signaling a closer collaboration based on a shared vision of prosperity and development in Asia. What are the achievements What is the Economic Trend? Malaysia’s …
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FREQUENT VISITORS E-CHANNEL SERVICES, HONG KONG
Lining up to go through the immigration is always headache when travelling. As you may need to spend up to 2 hours to the immigration officer booth. However, if you have enrolled for the E-Channel service. Then you can save your time and go through the immigration at an ease. Are you eligible to enrol …
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BUSINESS IDEAS IN HONG KONG
Hong Kong is a well-known international business hub. No matter you are startups or growing companies, Hong Kong is an ideal place to ensure your success with your business ideas. We don’t have the crystal ball to see the future. But the magic is to choose the business that is going to be just right …
HONG KONG: BUDGET HIGHLIGHTS 2023-24
Overview The Financial Secretary, Mr. Paul Chan, delivered the 2023/24 Budget Speech on 22nd February 2023. The forecasted deficit of about $139.8 billion for 2022/23 is higher than the original estimate of about $56 billion. Then, the fiscal reserves estimation decreases to $762.9 billion, equivalent to 12 months of government expenditure. Where are we NOW? …
HONG KONG ROLLS OUT CONSUMPTION VOUCHER 2023
Consumption Voucher Hong Kong will roll out another round of electronic consumption voucher 2023 that worth HK$5,000 again to permanent adult. The payment will separate in two instalments. What about Hong Kong Resident? If you are coming to Hong Kong on different admission schemes, or overseas students studying in Hong Kong. You still can receive …
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REAL-NAME REGISTRATION PROGRAMME OF HONG KONG MOBILE SIM CARDS REGISTRATION
What is Real-Name Registration Programme? The Telecommunications (Registration of SIM Cards) Regulation (the “Regulation”) effected on 23rd February 2023. The Regulation requires that, users should complete real-name register with their telecommunications service providers. What happens if you fail to register? If you fail to complete Real-Name Registration, then your mobile phone is unable to use. …
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HONG KONG: LODGEMENT OF 2022/23 PROFIT TAX RETURNS
The profits tax filing season sent with the bulk issuance of the 2023/23 profit tax returns on 3rd April 2023. Dates for filing the 2022/23 Profit Tax Returns If you would like for extension for tax filing, you have to send your application within 1 month from the date of issue. The extended due dates …
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HONG KONG: THE BUD FUND – EASY BUD
What is BUD FUND? Hong Kong Government set up a “Dedicated Fund on Branding, Upgrading and Domestic Sales” (“the BUD Fund”) in June 2012. The purposes are assisting enterprises in exploring and developing the market via: The Government extended the geographical coverage of the BUD Fund in August 2018 to also include the Association of Southeast …
HONG KONG: FULLY VIRTUAL GENERAL MEETINGS FOR HONG KONG LIMITED COMPANIES
What’s New? Starting from 28th April 2023, the Companies (Amendment) Ordinance 2023 (the “Amendment Ordinance”) came into operation in Hong Kong. The Companies Registry (CR)accepts holding an annual general meeting (AGM) or general meeting (GM) in virtual methods. members of Hong Kong Companies will no longer need to show up in person to attend the …
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