One should carefully evaluate the tax implications in both of your home country and the retiring country before making any decision.
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 […]
Business registration is a process of registering as a business that carries on business operations in Hong Kong or any other overseas or local jurisdiction. There are several legal steps and requirements to getting a business registration certificate and being officially incorporated in Hong Kong.
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 […]
