Comprehensive guide to establishing an SFC-regulated entity in Hong Kong in 2024. Produced in collaboration with Peak Compliance Associates.

Running a limited company in Hong Kong involves strict adherence to the framework outlined in the Companies Ordinance. One of the essential obligations is submitting an audit report performed by a Certified Public Accountant (CPA) alongside your tax return filings.

Due to Hong Kong’s lenient tax policies that indirectly led to non-competitive advantages, such as double non-taxation, the EU has "grey-listed" Hong Kong.

To address this and align with international standards, Hong Kong has been adopting a new set of legislation under the Foreign Source Income Exemption (FSIE) Regimes over the past few years.

Hong Kong is an international economic hub as well as a gateway for foreigners to do business in mainland China. If you want to expand to Hong Kong, you are legally required to appoint a company secretary for your new company. This article will cover what a company secretary does, who can become one, and how to find the right one for you.

An end-of-year financial report is an essential document summarising a company's financial standing. All limited companies registered in Hong Kong are legally required to audit their financial year-end reports and most are required to submit them to the Inland Revenue Department (IRD).

Hong Kong's Employment Ordinance is legislation that governs the terms and conditions of all workers in the HKSAR. Basic wage protection and statutory holidays apply to all employees, but employees under continuous contracts enjoy additional benefits. An employee who has worked for an employer for at least four weeks with at least 18 hours worked each week is viewed as a continuous contract of employment.

An essential part of the payroll compliance process in Hong Kong is to file forms with the Hong Kong Government through the Inland Revenue Department (IRD).

The fiscal 2023/24 Hong Kong tax year wraps up on 31 March 2024, which means employers have to prepare for the annual Employer’s Return filing that begins in April. Collecting sufficient information upfront can ensure smooth operations for your business.

The Hong Kong Employer’s Return of Remuneration and Pensions is a document that you must complete if your business is paying salaries. This form, also known as BIR56A and Form IR56B, tells the Inland Revenue Department (IRD) how much you paid individuals working for your company in Hong Kong.