Change of Company Name in Hong Kong: A Comprehensive Guide
Reading Time: 6 minutesTo incorporate a business in Hong Kong, your company must have a company name. As the company evolves, the former name may no longer be appropriate or relevant. This can then warrant the need for a change of company name Hong Kong.
What Business Owners Need to Know About Hong Kong Accounting Standards
Reading Time: 6 minutesHong Kong is a great location to site a business, especially when looking to break into the Asian Market. Nonetheless, before starting a business in Hong Kong, there are certain things you will need to know regarding important business functions like accounting.
Income Tax in Hong Kong for Expats: Everything You Need to Know
Reading Time: 6 minutesExpats who reside in or relocate to Hong Kong must be aware of both local and international tax laws pertaining to double taxation treaties or any other laws that may apply to Income tax in Hong Kong for expats.
Of Hong Kong’s 7.5 million residents, 10% are expatriates. However, residency is not the main consideration when it comes to paying taxes in Hong Kong. Any expat who intends to live or conduct business in Hong Kong should be familiar with the regional and global tax laws in force.
Although the province is well recognized for its low tax rates, generous allowances, and progressive tax system overall, there are a few unique laws and qualification periods to be aware of, at least for independent contractors and the self-employed.
Unlocking Procedures: How to Pay Tax in Hong Kong
Reading Time: 6 minutesIndividuals may need tax guidance due to complex tax laws, unique financial situations, legal compliance, maximizing benefits, changing tax laws, avoiding pitfalls, peace of mind, specialized knowledge, time, savings, and how to pay tax in Hong Kong.
This article offers an overview of Hong Kong’s personal tax system, commonly known as salary tax. It covers key aspects of Hong Kong’s salary tax rates, income tax, and the essential procedures for tax returns.
Annual Leave in Hong Kong: Everything You Need to Know
Reading Time: 4 minutesThe annual leave Hong Kong is per the country’s EO or Employment Ordinance. It dictates that all Hong Kong employers provide their employees paid seven-day or more time off, depending on their years of service in the company.
Guide to Taxable Income for Hong Kong Companies: Is Interest Income Taxable in Hong Kong?
Reading Time: 7 minutesRunning a business in Hong Kong is a dream for many business owners. There are many benefits to building an organization here. To enjoy Hong Kong’s resources, business owners must be ready to pay taxes and plan adequately for them.
When a business’s operations in Hong Kong generate profit, it must pay taxes. There are different types of tax, including profit, salary, and interest income tax. Entrepreneurs are expected to know everything about their business’s taxes.
If you’re new to the region, you may wonder: is interest income taxable in Hong Kong?
An Expat Guide for Obtaining a Hong Kong Tax Residency Certificate
Reading Time: 4 minutesHong Kong is a thriving hub for expats, tourists, and businesspeople alike. It is the perfect site for anyone wishing to establish new businesses or start a new life due to its advantageous location, booming economy, and welcoming policies. Tax residence is an important consideration when residing and conducting business in Hong Kong. To claim tax benefits and prevent double taxation, individuals and corporations must get a tax residence certificate (TRC). This expat guide will go into more detail about what a Hong Kong tax residency certificate is, who can apply, what documentation is needed, any potential difficulties that may arise while applying, how long it is valid, and how we can help.
Avoid Common Mistakes: Hong Kong Private Company Financial Statements
Reading Time: 5 minutesRunning a business is challenging. As a business owner, you must be on top of whatever is happening inside your establishments, especially your finances. Whether or not you have relevant experience, your financial statements must be accurate and comply with regulatory standards.
Unveiling the 25 Leading Business Opportunities in Hong Kong
Reading Time: 9 minutesRenowned as a bustling metropolis and global financial hub, Hong Kong is a city teeming with entrepreneurial opportunities and is considered one of the best places to incorporate a business with a high chance of financial success.
As a vibrant business ecosystem that embraces innovation and nurtures startups, Hong Kong is a great place for small businesses to flourish and there are many great business opportunities in Hong Kong to choose from.
Change of Director in Hong Kong: A Comprehensive Guide
Reading Time: 5 minutesMost business owners love to incorporate companies in Hong Kong because the company decrees are fair and the environment is friendly. There are less-strict rules for doing business and changing personnel for various company positions.