Category Archives: Setting up a Hong Kong business
Coming into effect in March 2014 will be the amended Companies Ordinance. The Ordinance requires every private limited company to have at least one Director who is a natural person. For companies that have existing nominee Directors a grace period … Continue reading
The new order proposes to reduce the Business Registration Certificate fee which finances the Protection of Wages on Insolvency Fund from $450 per annum to $250 per annum with effect from 19 July 2013. The fee is subject to annual … Continue reading
To the people Hong Kong I would like to pass on my condolences to the victims, their families involved in the ferry accident. As a former resident of Lamma and still visit on a regular basis it was particularly shocking … Continue reading
The “BR” Government fee has been reduced to $450HKD for the period 1st Apr 2012 to 31st March 2013.
Hong Kong companies that want to have a representative office on the mainland need to be aware of the following. For setting up of Rep Office in China there is an increacing requirement that the HK company must have been … Continue reading
Hong Kong “off the shelf companies” are readily available, the main benefit is speed. With little notice you can have your company in 2-3 working days. The downside is that you use the name that came with the company. If … Continue reading
Allow ten working days to complete the formalities, get the company incorpated and get the Business Registration certificate. Once you’ve got those documents you can open your bank account, but remeber to make an appointment first.
With a bank like HSBC you’re looking at one or two working days once you have your incorporation documents. The catch is that appointments with the bank generally run one to two weeks ahead, so book well in advance of … Continue reading
When setting up a new Hong Kong Limited Company, you can be a sole Director. There is no requirement to have a Hong Kong permanent resident as a Director in the Company. However, you do need a permanent resident to … Continue reading
Yes you will, but despite what the Inland Revenue rules say about taxing you 10% of the (RV) Rateable Value. In reality it will be 10% of your gross annual salary as the system favours the tax pay payer. … Continue reading