Category Archives: Incorporation

With fresh new furniture and equipment straight from the packaging, they seem to always leave a potent smell for a while. We had a few clients come in today to view our brand new office in Sheung Wan, however, what was sweet to the eye wasn’t sweet to their nose. They enjoyed looking around the …

Continue reading “Office smell? What office smell? (Part 1)”

So how do you apply for Offshore Tax Exemption Claim? In general, the claim for offshore tax exemption is lodged together with the submission of the first profit tax return.  For newly incorporated company, the first profits tax return notice will be issued by IRD in 18 months after the date of incorporation. The profits …

Continue reading “APPLYING FOR THE OFFSHORE TAX EXEMPTION CLAIM”

New social networking event #Learning and #Sparkling in our new office in #SheungWan #oconnect on the 23rd September. Everyone come along for a great fun night! With lovely sparkly beverages and a chance to win some vouchers for Vanguard! #centreo #businesscentre #businessservices #lyoness #CRVguard 

 So how do we structure a “Hong Kong Sourced Profits”? The Courts have over the years considered the subject of the source of profits. The Inland Revenue Department has provided certain board principles based on various court decisions on their website: 1)         Matter of fact The question of locality of profits is a hard, …

Continue reading “OFFSHORE TAX EXEMPTION (Part Two): HOW TO STRUCTURE HONG KONG PROFITS”

Following a number of recent enquiries on offshore taxation, we would like to repeat a series of blogs on the topic. Many expats are saying they own an offshore Hong Kong Limited Company and they do not have to pay tax. Is that true? First, we better talk about the basis of Taxation in Hong …

Continue reading “OFFSHORE TAX EXEMPTION (Part One)”