This strategic move can be driven by various motivations, such as optimising the capital structure, returning surplus funds to shareholders, or eliminating accumulated losses.
This strategic move can be driven by various motivations, such as optimising the capital structure, returning surplus funds to shareholders, or eliminating accumulated losses.
An updated checklist to keep track of what you need, depending on your business type – Limited Company, Sole Proprietorship, Partnership or Branch of a Foreign Company.
We’ll cover Long Service Payment’s eligibility, detailed calculation methods with practical examples, how it differs from Severance Payment and answer common FAQs.
Effective from 23 May 2025, Hong Kong’s new re-domiciliation regime allows eligible foreign companies to transfer their place of incorporation to Hong Kong — a move aimed at bolstering the city’s role as an international business hub. Background: why the regime matters Before the new legislation, if a foreign company wanted to migrate its incorporation… Continue reading Hong Kong Launches New Re-domiciliation Regime for Foreign Companies
A limited partnership in Hong Kong is a business entity established and co-owned by two or more parties with a view to sharing profits.
A number of investors worldwide, including Hong Kong and Mainland China, maintain entities on the British Virgin Islands (“BVI”) for various purposes, such as acting as a vehicle to hold share investments and/or intellectual properties, or to engage in trading, service and/or fund management business. Please note that the BVI introduced the Economic Substance (Companies… Continue reading British Virgin Islands Economic Substance Legislation
With the increasing reliance on financial technology (often shortened to fintech), traditional banks are no longer the only option for opening a bank account. Instead, thanks to the developments in fintech, people now can open business bank account with a virtual bank provider. Currently, Hong Kong has 8 virtual banks and a growing number of… Continue reading Are Virtual Banks a Viable Banking Solution?
A certificate of Incumbency is a legal document that certifies the names of the relevant directors, officers, corporate secretary, and shareholders of a particular Hong Kong Limited Company (“the Company”). The document is either issued by a third party (a person who is not an employee, a director or a shareholder of the Hong Kong… Continue reading Certificate Of Incumbency For A Limited Company
Allotment and issuance of shares is a legal requirement at the time of company incorporation. Every Hong Kong Limited Company (the “Company”) must issue and allot a minimum of 1 share to its founder / member. However, at any time, should a company’s existing member wish to increase its share capital, they may do so… Continue reading Allotment and Issue Of Shares for a Limited Company
In general, a sole proprietorship appears to be an ideal business structure for a person who intends to be self-employed and intends to have a small business operation. This is due to the nature of a sole proprietorship of not being an incorporated or separate legal entity. Freelancers also should considered whether their work should… Continue reading Sole Proprietorship in Hong Kong
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