[Hong Kong] Admission Scheme – General Employment Policy (GEP)

hong kong GEP

In general, unless a person has the right of abode or right to land in Hong Kong, he or she requires a visa or entry permit to work, study, establish or join in any business, take up residence or to stay in Hong Kong as a visitor longer than the allowed visa free period.

[Hong Kong] Requisite Documents for Hong Kong Private Limited Company Registration

According to the Laws of Hong Kong, each company must hire a company secretary who must reside in Hong Kong or a group that must have its registered office in Hong Kong. Of all the duties, the company secretary has to make certain that the company is in compliance with the statutory requirements of the Hong Kong Companies Ordinance and must maintain the statutory documents of the company.

[Hong Kong] Change of Company Secretary

change of company secretary

According to the Laws of Hong Kong, each company must hire a company secretary who must reside in Hong Kong or a group that must have its registered office in Hong Kong. Of all the duties, the company secretary has to make certain that the company is in compliance with the statutory requirements of the Hong Kong Companies Ordinance and must maintain the statutory documents of the company.

Registered address of Hong Kong Company

registered address of Hong Kong company

Under the Companies Ordinance, a company must have a registered office in Hong Kong to which all communication and notices may be addressed. It required that the registered address must be a physical address and cannot be a P.O. Box.

Annual General Meeting in Hong Kong

AGM in Hong Kong

Under the Companies Ordinance, a company must hold an AGM in respect of each financial year of the company, instead of in each calendar year.

Deregistration of a defunct solvent company in Hong Kong

[Hong Kong] Deregistration of a Defunct Solvent Company in Hong Kong

In fact, not every company can arrange deregistration. The company must be a defunct solvent company. Also, a director or member of the company, company limited by shares or company limited by guarantee can apply the deregistration.

What is Closer Economic Partnership Arrangement (CEPA)?

CEPA

The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is a free trade agreement concluded by the mainland and Hong Kong. Under CEPA, all products of Hong Kong origin, except for a few prohibited articles, can be imported into the mainland tariff-free.

CEPA Covers 4 Broad Areas

273 classes of Hong-Kong-made goods can be exported to the mainland free of tariff. For other categories of ‘made in Hong Kong’ products, the mainland also agreed to apply a zero-import tariff, upon applications by local manufacturers for other product codes maintained on China’s tariff system and meeting the CEPA rules of origin.

Certificate of Hong Kong Orgin – (CEPA CO)

Hong Kong CEPA

The Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) is a free trade agreement concluded by the mainland and Hong Kong. Under CEPA, all products of Hong Kong origin, except for a few prohibited articles, can be imported into the mainland tariff‑free.

Hong Kong Company Maintenance

Hong Kong Company Maintenance

Hong Kong Company Maintenance – Major government Annual Reporting
– Annual Return
– Business Registration
– PTR & ER

Why Singapore?

why singapore?

Singapore has established a financial centre of international repute and offers a broad range of financial services and retained its position as the largest foreign exchange centre in the region.

Types of Singapore Companies

Types of Singapore Companies

We have variety types of business organization that may be registered in Singapore. Let’s take a look at the different business structure types in Singapore:
1. Sole Proprietorship
2. Partnerships
3. Local Companies, it is the most common type of company in Singapore
4. Foreign Company as a Branch in Singapore
5. The last type of company will be Non-Trading Representative Office

Singapore Company Formation

Singapore Company Formation

As to compare the local company and foreign branch: Local Company will be suitable for overseas investor to explore business opportunity in Singapore.

The Guide Of Business Expansion For Singapore Market

Singapore Business Expansion

There are several reasons for investors turn to Singapore for establishing their operations and one of the determinant is Singapore’s tax regime – well-known for its attractive corporate and personal tax rates, tax relief measures, non-taxable capital gains, one tier tax system and extensive double tax treaties.

How to setup Hong Kong Bank Account

How to setup HongKong Bank Account

There are some significant skills and useful tips to know more about How to setup Hong Kong Bank Account . As one of financial centers in the world, Hong Kong has very effective and sufficient infrastructure for doing business and making investment.

[Hong Kong] Significant Controllers Registers (SCR)

Regarding the significant controllers register, On 1 March 2018, the Companies Registry has commenced Amendment Ordinance and introduces new requirements on the keeping of significant controllers registers by companies.

Regarding the significant controllers register, On 1 March 2018, the Companies Registry has commenced Amendment Ordinance and introduces new requirements on the keeping of significant controllers registers by companies.

[Hong Kong] General Statutory Filing Requirement

Major Government Reports – Hong Kong corporation
– Compnay Annual Report
– Business Registration Certificate Renewal
– Corporate Income Tax Report
– Report of Employee Registration

[Hong Kong] Bank Account Opening

Hong Kong is one of the members of “FATF”(Financial Action Task Force), The Hong Kong Monetary Authority has established a regulatory framework in line with international standards of risk management to all licensed banks.

[Hong Kong] About & Why Hong Kong

About Hong Kong

Why Hong Kong?
– Simplify Business Set-up for Foreign Business owners
– Premier Strategic Location
– Clean Governance
– Gateway to China

[Taiwan] Taiwan Business Entity Comparison

Here is the Chart of “Taiwan Business Entity Comparison”.The types of business in Taiwan are divided into Taiwan Limited Company, Taiwan Branch, Taiwan Limited Company with shares, and Taiwan Representative Office.

[Hong Kong] Annual Return Submission

Annual Return Submission

Annual Return Submission
– Within 42 days from the Anniversary date of every year
– Within 42 days – HKD 105 (waived fee from 1 Oct 2020 to 30 Sep 2022, the fee waiver will not apply to late delivery of annual returns)