Setting up a Corporate Bank Account in Hong Kong Hong Kong is world-renowned for its open policies on foreign investment, and with that comes some very rigorous compliance methods. When you have as much foreign capital flowing into a small region like Hong Kong, the local government needs to take every precaution possible to ensure […]
What Are the Different Types of Business Entities in Hong Kong?
There is no doubt that Hong Kong is a global leader in open economics — its inherent focus on free trade has elevated it to be the world’s freest economy for 25 of the last 26 years. Most people will know about Hong Kong’s low corporate tax rates, and the fact they have no capital […]
Hong Kong Corporate Tax (Profits Tax) Rates and Guide
Every entity carrying on a trade, profession or business in Hong Kong has to pay tax on profits arising in or derived from Hong Kong from that trade, profession or business. Hong Kong’s simple and low tax regime is a key traction for international businesses focusing on Asian markets. What is Assessable Profit in Hong […]
Guide to Taxation in Hong Kong
Hong Kong is a gateway to world’s second largest economy of China, with the added advantages of having an English-speaking population, and operating under the English common law. Moreover, the city is an important part of country’s ambitious Belt and Road Initiative, and is poised to benefit from the ongoing development of the Guangdong-Hong Kong-Macao […]
Guide to Accounting and Accounting Standards in Hong Kong
All companies registered in Hong Kong must ensure timely annual filing of statutory returns to the Companies Registrar, as per the provisions of the city’s Companies Ordinance (CO). This is in addition to the company’s profits tax returns which are filed to the Inland Revenue Department of the Government of the Special Administrative Region of […]