Things you should know about mainland travel permit for non-Chinese permanent residents
The Chinese government has recently announced that Hong Kong and Macau permanent residents who are not Chinese citizens can now apply for a five-year permit to travel to the mainland for short-term purposes such as business, tourism, and exchanges. This new policy opens up significant opportunities for non-Chinese permanent residents. Here’s everything you need to […]
Five Benefits of Switching to Payroll Services
Efficient payroll management is crucial for the smooth operation of any business. As companies grow, handling payroll in-house can become increasingly complex and time-consuming. Switching to professional payroll services offers numerous advantages. Here are five key benefits: Time saving and boosted productivity Managing payroll internally can be labor-intensive, especially for small to medium-sized businesses. […]
Process for Hong Kong Employer’s Return
In Hong Kong, employers are required to file an employer’s return to report the total remuneration paid and tax deducted for each employee to the Inland Revenue Department (IRD). Here’s an overview of the process for handling the employer’s return in Hong Kong: Understanding the Reporting Period Gathering Relevant Information Completing the Employer’s Return […]
What is a Company Secretary in Hong Kong?
A Company Secretary, also known as Com Sec, plays a crucial role in ensuring that a company complies with statutory and regulatory requirements. Unlike a personal secretary, a company secretary is not directly subordinate to the owner but reports directly to the company. Here’s an overview of the role of a company secretary in Hong […]
Incorporating a Company in Hong Kong
Incorporating a company in Hong Kong is a straightforward process that offers several advantages, including its strategic location, business-friendly tax system, and robust legal framework. Company Types Hong Kong offers several types of business structures, including private companies limited by shares, public companies, and branch offices of foreign companies. Requirements for Company Incorporation […]
Dependent Visa
What is a Dependent Visa? A Dependent Visa allows non-local family members of certain visa holders in Hong Kong to stay in the region for an extended period. Eligible dependents include spouses, unmarried children under 18 years old, and parents aged 60 or above. To qualify for a Dependent Visa, the primary applicant must meet […]
E-Corporate Tax Filing in Hong Kong
Hong Kong, known for its simple and efficient tax system, has made significant strides in recent years to enhance its electronic corporate tax filing system and it aims to provide a more convenient and streamlined process for companies to file their tax returns, reducing paperwork and improving accuracy. E-Filing Eligibility & Requirements All companies […]
Hong Kong Corporate Tax System
Hong Kong, known for its vibrant business landscape and thriving economy, boasts one of the most competitive tax systems globally. With its low tax rates and business-friendly policies, the city has attracted numerous multinational corporations and entrepreneurs. One of the key attractions of Hong Kong’s corporate tax system is its low tax rate. Currently, the […]
Hong Kong Corporate Tax Return Filing Overview
Hong Kong has one of the simplest and lowest tax systems globally, attracting many international companies to set up operations here. As part of its tax system, Hong Kong imposes a territorial basis of taxation, meaning only profits derived from trade, profession, or business carried out in Hong Kong are subject to profits tax. Nonetheless, […]
General Employment Policy (GEP) for Hong Kong
The Hong Kong Employment Visa (as known as General Employment Policy (GEP)) allows foreign nationals to work legally in Hong Kong. It is issued by the Immigration Department under the Special Administrative Region Government. To obtain an employment visa, applicants need to secure a job offer from a local employer and fulfil certain eligibility criteria. […]