WHAT’S NEW ON YOUR HONG KONG SMART IDENTITY CARD?

The Immigration Department started the replacement procedure since late December 2018for the Hong Kong smart identity card. In order to combat forgery, the new smart identity card has incorporated a number of sophisticated security features. Do you know what are the new security features on your New Smart Identity Card? Hologram with Wave and 3D …

HOW TO GET YOUR BANK OF CHINA MONTHLY E-STATEMENTS

Bank of China started not mailing out the monthly statements. The act is in response to environmental protection and the sustainable trend of green banking. Hence, your paper consolidated statements will be converted to e-statements effective 1st August 2021. While you are running your business, the monthly bank statements is one essential documents that you MUST …

BANK OF CHINA – IGTB PLATFORM UPGRADE TO PAPERLESS

IGTB platform upgrade and go Paperless Era Bank of China recently announced that they are upgrading their online commercial accounts. It mentioned IGTB online account users are not going to receive any paper customer advice soon. Bank of China will start not mailing out their monthly statements from 3rd May 2021. The act is in …

What does it say on my smart Hong Kong Identity Card?

Since 26 November 2018, a new form of smart Hong Kong Identity Card will be issued to replace the existing smart identity card. The new version of identity card has improved in its durability, security features as well as the chip technology and protection of personal data. Inspection of Proof of Identity. All Hong Kong residents …

Hong Kong Monetary Authority Supports to SME during the COVID-19

In response to the COVID-19 outbreak, Hong Kong Monetary Authority (HKMA) has working together with the banking sector.Subsequently, HKMA has taken a host of measures to support small-and-medium enterprises (SMEs) and individuals in need. HKMA has in an effort to help Hong Kong’s economy ride through these difficult times.  How does the HKMA help local …

What information will your TCSP licensed Company Secretary need to meet the Company Registry’s Compliances?

What is the new Company Registry Compliances? Since 1st March 2018, Hong Kong has implemented a new licensing regime for trust or company service provides (TSCPs). The commencement of Part 5A of the Anti-Money Laundering and Counter Terrorist Financing Ordinance (Cap 615) (AMLO). Therefore, when choosing a Company Secretary in Hong Kong. You have to ensure …

Government Departments of Hong Kong Provide Limited Services

In view of the severity of the local COVID-19 epidemic situation starting from the end of November recently. The Hong Kong Government Departments are providing limited public service since 2nd Dec 2020 for at least 2 weeks. The Updated Service Arrangement of Company Registry  The Company Registry will provide limited counter services every working day, these …

Understanding China Intellectual Property Protection – Trademark Part 1

Trademark is important for you to explore China Market Centre O strongly recommends to register a China trademark when any companies are starting their businesses in China. Once you ever plan to operate in China. The China trademark is usually easy, fast and inexpensive to register. In contrast to the rest of the world, China …

China Simplified its Incorporation Process since 2016

When setting up a business in Hong Kong, you need to apply for a Certificate of Incorporation from the Company Registry. Apart from the Certificate of incorporation, you will need to apply for Business Registration in Inland Revenue Department.  Similarly, if you want to setup a company in China, you have to obtain a business license in …

2020-21 Budget: Waiver of Water and Sewage Charges for Commercial Units under

The Financial Secretary announced in the 2020-21 Budget Speech, a package of helping measures for the commercial and industrial sector. On 8 April 2020, the Chief Executive announced another round of relief measures to support the businesses. The measures aim to assist enterprises to cope with current economic challenges. About 250,000 non-domestic accounts are expected …