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.
A Detailed Look at Hong Kong Bank Account Format
Reading Time: 6 minutesAs the business owner or CEO of an organization incorporated in Hong Kong, it is essential to understand how to transfer funds between accounts. Knowing the crucial details of the Hong Kong bank account format, such as the beneficiary’s account number, branch, and bank code, is vital, especially when conducting transactions in foreign currency. Providing accurate information ensures that your transactions proceed smoothly and funds are not misdirected.
Crucial details of the Hong Kong bank account format for payment, such as your beneficiary’s account number, branch, and bank code should be known to you at every stage, particularly when carrying out transactions in foreign currency.
Guide for Opening a Bank Account in Hong Kong
Reading Time: 5 minutesPart of the required things to do after incorporating a business in Hong Kong is to open bank account in Hong Kong. If you’re a foreigner interested in starting a business in Hong Kong and in need of a foreign bank account, you must undergo a verification process before the bank can grant your account opening request. If you’re not acquainted with the procedure, read on to the end to get enlightened on the process of setting up a Hong Kong bank account and other formalities involved.
Hong Kong Salary Tax Rates for Expats: What You Need to Know
Reading Time: 6 minutesHong Kong has the lowest tax rate in Asia which also boasts one of the lowest tax rates in the entire globe. The territory has a simple and understandable tax system, and it is one of the most well-liked investment destinations in the world due to its status as a tax haven.
Hong Kong Record Keeping Requirements: Crucial Guidelines for Compliance
Reading Time: 6 minutesEffective business record keeping is crucial for managing costs, ensuring regulatory compliance, and establishing a solid foundation, especially when starting a business in Hong Kong. While it may not be your initial focus, maintaining sufficient records, including bank statements, is essential for long-term success. In this article, we will take a closer look at some of the essential record keeping rules in Hong Kong that ensure a smoother ride in the long run.
Offshore Income Hong Kong: All You Need to Know
Reading Time: 6 minutesHong Kong is a great business location that can give your business a foothold in the Asian Market. It is a prime location for setting up your business as an international company. Offshore companies are companies that does their businesses solely outside the country. Interestingly, offshore companies in Hong Kong may qualify for a tax exemption known as Offshore Tax.
Easy Guide To Stamp Duty and Shares Transfers in Hong Kong
Reading Time: 8 minutesRunning a company is quite tricky. You’ll have to deal with several important concepts, such as stamp duty Hong Kong transfer of shares. Business owners must know how to handle these concepts, especially shares transfer.
The responsibility of overseeing the process of stamp duty Hong Kong transfer of shares often falls onto the company secretary.