Avoid Common Mistakes: Hong Kong Private Company Financial Statements
Reading Time: 4 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.
11 Simple Steps To Open A Company In Hong Kong
Reading Time: 5 minutesHong Kong is one of the best places to start a business. This region is buzzing with life and activities, making selling or marketing many things easier. However, many entrepreneurs fail to understand that setting up a company in Hong Kong is far from straightforward. There are usually many steps to follow and requirements to […]
An Expat Guide for Obtaining a Tax Residency Certificate in Hong Kong
Reading Time: 3 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.
A Comprehensive Guide On The Hong Kong Business Registration Fee
Reading Time: 5 minutesHong Kong laws state that businesses intending to operate in the jurisdiction must register with the Inland Revenue Department (IRD). It’s commonly called the Hong Kong Business Registration. This business registration ensures entrepreneurs can access all their legal rights, obligations, and benefits.
Understanding Hong Kong Work Permit Requirements: An Overview
Reading Time: 4 minutesHong Kong is a hub for technology and trade. You’d expect to find a decent amount of skilled capital in the region – skilled or unskilled. To work as a skilled foreign employee in Hong Kong, you’ll need a work permit. The Hong Kong work permit can be a hassle to get. You need professional help to do it. This piece will break down crucial details about the Hong Kong work permit, including its eligibility criteria and application requirements.
Hong Kong Salary Tax Rates for Expats: What You Need to Know
Reading Time: 4 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.
Ultimate Guide To Understanding Hong Kong Auditing Standard
Reading Time: 4 minutesIf you are currently considering conducting an audit of your Hong Kong business, you no longer have to worry because we have provided you with a list of rules and guidelines. This detailed guide provides you with information on Hong Kong auditing standards, and the auditing procedure.
A Brief Guide To Understanding Hong Kong’s Accounting Standards
Reading Time: 4 minutesHong Kong Accounting Standards are the guidelines that control how financial transactions are handled in the nation.
Accounting standards also refer to a series of guidelines that outline basic underlying concepts, clarify stipulations, and require minimal degrees of visibility to regulate how funds are to be treated.
In essence, accounting standards offer an “accurate and unbiased” summary of a firm’s monetary statements and other financial reporting.
For specific eligible SMEs, the Hong Kong Institute of Certified Public Accountants (HKICPA) has also released a Financial Reporting Standard (SME-FRS). For Hong Kong businesses that are not accountable to the general public, the HKICPA has approved the Hong Kong Financial Reporting Standard for Private Entities (HKFRS for Private Entities) from April 30, 2010.
Read through our brief guide to get a clue about how the Hong Kong accounting system works.
What is a Company Secretary and How does it Affect Your Business
Reading Time: 5 minutesEfficiency in a company is indeed boosted with a skilled company secretary. A company secretary duties Hong Kong involves a myriad of tasks that ensure that the company operations are in check.
A company secretary in Hong Kong needs to fulfill their duties and responsibilities because it can, directly and indirectly, affect the flow of work in the company as well as long-term success.
Top 11 Benefits of Setting Up a Company in Hong Kong
Reading Time: 4 minutesBusiness owners consider many things before setting up their brand or company. One is location because it plays a huge part in production and delivery. And while there are many places to set up a business, Hong Kong is gradually taking the shine. It is one of the most popular business locations in the world for several reasons. At Premia TNC, we have researched this location trend and found the great benefits of setting up a company in Hong Kong. See below to know more.
