Significant Controller Register in Hong Kong

Every company in Hong Kong, except for listed companies, needs to have a so-called ‘Significant Controller Register’ in place that will identify the beneficial owner(s) of a Hong Kong company. This is a rule that was introduced in Hong Kong as per 1 March 2018 through the Companies (Amendment) Ordinance 2018. Why a Modernization of… Continue reading Significant Controller Register in Hong Kong

Transfer of Shares of A Limited Company

The transfer of shares in a Hong Kong Limited Company (the “Company”) relates to transferring the ownership of a share(s) from one person to another. For these purposes, an Instrument of Transfer and Bought Sold Note must be stamped by the Hong Kong Inland Revenue Department Stamp Office. Together supporting documents and the amount of… Continue reading Transfer of Shares of A Limited Company

Mainland China Outbound Remittances

With a view to mitigate the risks of loss of tax revenue in respect of outbound payments to foreign institutions and individuals, it is required by the Mainland Chinese tax authorities to go through certain procedures before outbound remittance can be made from out of Mainland China. Nature and amount of outbound remittance subject to… Continue reading Mainland China Outbound Remittances

Legal Consequences of Filing an Incorrect Tax Return

The Hong Kong Inland Revenue Ordinance (“IRO”) imposes strict requirements for individual returns filings and aims at avoiding the filing of incorrect tax returns by the individuals. If those requirements are not met, the relevant punitive provisions empower the Commissioner of Inland Revenue, depending on: The nature and/or the degree of culpability of the offence… Continue reading Legal Consequences of Filing an Incorrect Tax Return

Apostille Guide for HK Birth, Marriage and Death Certificates

This guide outlines who needs an apostille, how to apply in Hong Kong, required documents, processing times, and common errors to avoid for Hong Kong Birth, Marriage, and Death Certificates. It is intended for individuals using these civil status documents for immigration, marriage registration, inheritance, or other overseas legal purposes

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Articles of Association & Shareholder Agreements

Until the 2nd of March 2014, section 4 of the previous Hong Kong Companies Ordinance Cap. 32 (‘Cap.32’) required every company incorporation in Hong Kong to have a signed Memorandum of Association (the ‘Memorandum’), whereas section 9 of Cap. 32 allowed a company limited by shares (e.g. a limited company) to register together with its… Continue reading Articles of Association & Shareholder Agreements

 

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