Proper accounting is complicated, time-consuming and requires (up-to-date) knowledge. Therefore, many SMEs and start-ups choose to outsource their company’s accounting functions.
General Partnerships in Hong Kong offer a blend of flexibility, simplicity, and potential for growth, making them an appealing choice for many entrepreneurs.
On 28 February 2024, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2024-25 with the theme ‘Advance with Confidence, Seize Opportunities, Strive for High-quality Development’.
Stamp duty costs are significant under certain situations, in particular involving acquisition and transfer of immovable properties and shares of high value.