Coming up with a company name can be a big topic for entrepreneurs. According to the “Guidelines for Hong Kong Company Name Registration” issued by the Companies Registry, there are many restrictions on naming a company name, and there are several things to pay attention to. This article will summarize what you need to know … Read more
Who is the representative of the limited company? In addition to the shareholders and directors that must be present when applying for a limited company, are there important controllers and designated representatives? Who can they serve, and what are their substantive roles? This article will introduce you one by one. Shareholder When applying for a … Read more
What exactly is provisional tax? You may have heard it during the tax filing process but didn’t know much about it. The tax season starts in May every year. After the tax assessment, the taxpayer needs to pay two instalments. Sometimes it is only when the tax is paid that it is discovered that the … Read more
The tax season starts in May each year, and after tax assessment, taxpayers are required to pay two instalments. If the taxpayer fails to pay the tax due to sudden changes in the working environment and economic pressure, you can try to apply to the Inland Revenue Department for a deferral of tax payment to … Read more
According to the Companies Ordinance, the name of a limited company cannot be the same as that of an existing company. Therefore, when setting up a limited company, you should make sure that the name you intend to use is not registered. At this time, you can use the search service provided by the Companies … Read more
Many people think that setting up an offshore company in Hong Kong does not need to pay profits tax. Is this true? How does the Inland Revenue Department define an “offshore company”? If I receive a Profits Tax Return, are there any relevant exemptions to prove that the profits are not derived from Hong Kong? … Read more
What does it mean if the word “CORP” is printed in the business nature column of the business registration certificate? Once you find that your business registration certificate has “CORP” on it, the consequences can be big or small. If you don’t handle it properly, you will be fined and imprisoned at any time? This … Read more
Many company owners may have tried to file tax returns in their personal capacity, but they may not know the details of Hong Kong companies’ tax returns. The following article deconstructs the basic concepts of corporate tax filing from the perspective of a limited company and an unlimited company and shows the company’s tax filing … Read more
If you are engaged in “non-Hong Kong employment”, do you need to pay tax? In Hong Kong, an international metropolis, there are often talents going back and forth between overseas and Hong Kong. How does Hong Kong’s tax system tax these people? This article will introduce this issue and how they can apply for income … Read more
Married persons can choose to be “joined assessment” with their spouse or “separately assessed” as an individual. So, which of the two tax assessment methods is right for you? Which one can save more tax? Two examples are provided below to objectively analyze the pros and cons of both. In Example 1 and Example 2, … Read more