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Set Up an SFC Regulated Entity in Hong Kong for 2024: A Complete Guide
Comprehensive guide to establishing an SFC-regulated entity in Hong Kong in 2024. Produced in collaboration with Peak Compliance Associates.
Audits in Hong Kong: How to Choose the Right Auditor
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.
What to Expect From Your Audit in Hong Kong
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.
The audit provides evidence that all financial information and documentation is in good order. If your business is due for an audit, this article will explain everything you need to know about audits in Hong Kong.
Start a Sole Proprietorship or Limited Company in Hong Kong
In Hong Kong, a “Sole Proprietor” refers to an individual who conducts their business in a personal capacity. Unlike an employee, a Sole Proprietor usually does not have a boss or a regular salary income. Instead, Sole Proprietors are small business owners, consultants, and freelancers who have their own business. A “Sole Proprietorship” refers to the type of business the individual needs to register with the Hong Kong Government Companies Registry.
Tax Certainty Enhancement Scheme (TCES): Understanding the 2024 Update
The Tax Certainty Enhancement Scheme (TCES) aims to provide businesses with a clear set of rules to determine whether a profit is capital or revenue in nature. TCES applies to Onshore Disposal Gains and is effective starting 1 January 2024.
Wholly Foreign-Owned Enterprise (WFOE): How To Start an LLC in China
Starting a wholly foreign-owned enterprise (WFOE) is a strategic choice for foreign companies looking to establish a presence in China. This article will explain everything you need to know about incorporating a WFOE in Mainland China, and why it’s favorable to create a Hong Kong-based company to be the parent of the WFOE.
How to Incorporate a Subsidiary in Hong Kong
Thanks to the well-developed infrastructure, shareholders can open a new subsidiary in Hong Kong within a week to take advantage of the Hong Kong business environment, including favorable tax rates. If you wish to do the same, this article provides a brief overview of how to open a new subsidiary in Hong Kong.
Opening a Business Bank Account in Hong Kong: A Comprehensive Guide
Opening a business bank account is a crucial step to manage your finances, legitimize your business and facilitate business transactions. In this blog post, we will guide you through the process of opening a bank account in Hong Kong, whether you choose a traditional bank or opt for an online platform to provide your "bank account" details.
Benefits of starting a business in Hong Kong
Hong Kong offers a favourable business environment with a stable legal system, transparent regulations, and a skilled workforce. The government's support, easy business setup procedures, and tax benefits make it an attractive destination for companies looking to expand their operations.
Four Things to Know When Entering the Hong Kong Market
Entering a new market can be challenging, and the Hong Kong market is no exception; here are the four things you should know when entering the Hong Kong market. While Hong Kong offers numerous business opportunities, it's crucial to navigate the market effectively and avoid common mistakes. In this article, we will explore some of the pitfalls often encountered by businesses entering Hong Kong and provide valuable insights to help you succeed.
Starting a Financial Services or Medical Device Business in Hong Kong? Here's What You Need to Know About Obtaining Licenses and Permits.
The company registration process in Hong Kong is fast, and many industries do not require specific licensing as they would in other countries.
Unlock Growth Opportunities in Hong Kong: A Guide to Incorporation and Regulatory Compliance
The low tax rates and pro-business environment in Hong Kong will allow your company to maximize profits. In addition to the tax benefits, Hong Kong also offers a stable legal system, transparent regulations, and a highly skilled workforce with expertise in finance, legal, and intellectual property matters.
Hong Kong Business Registration: What You Need To Know
Most small to medium-sized companies entering Hong Kong will elect for a ‘limited company’ setup, but it’s important to be aware of the alternatives. In this article, we will explore the company structures, in particular for well-funded startups and scale-ups from overseas, as well as what a business should consider before incorporating.
How To Choose Your Bank Account in Hong Kong
As a financial centre, Hong Kong can offer a variety of banks to choose from, ranging from international institutions to online banks. The options vary depending on your company’s requirements, as well as the type of services or transactions required.
Public and private funding for startups in Hong Kong in 2024-2025
Hong Kong offers a range of government and private funding options to startups. They aim to help entrepreneurs get their businesses off the ground or expand in Hong Kong. Funding ranges from covering initial company registration and operating costs, through to streamlining an existing business and even providing support for international exports. With the right information and resources, you can secure funding to set up your business for success.