A Look at the IR56F Form in Hong Kong
In Hong Kong, once a business brings an employee on board, it must adhere to a variety of reporting responsibilities.
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In Hong Kong, once a business brings an employee on board, it must adhere to a variety of reporting responsibilities.
While doing business in Greater China and Asia, you most likely have come across the term “company chop”. In this article we look at what a company chop is, when it’s used, and the role of company chops in China.
Certificate of Resident Status (CoR) (居民身分證明書) is a document issued by the Hong Kong Inland Revenue Department (IRD) stating that the applicant, who can be an individual or an entity, is a Hong Kong tax resident under the double tax agreement (DTA) between Hong Kong and a particular foreign tax jurisdiction for a particular calendar… Continue reading A Guide to obtaining Certificate of Resident Status in Hong Kong
This strategic move can be driven by various motivations, such as optimising the capital structure, returning surplus funds to shareholders, or eliminating accumulated losses.
For many multinational companies, Hong Kong remains the preferred bridge between Asia-Pacific opportunity and Western capital. Competitive base salaries help attract talent, yet it is the carefully structured fringe benefits package that often seals the deal. Under Hong Kong’s Salaries Tax regime, however, every non-cash perk must be weighed against the Inland Revenue Department’s rules—principally… Continue reading Fringe Benefits and Tax Efficiency in Hong Kong for International Employers
Whether you’re an individual investor or running a company with investment activities, understanding how investment income is taxed (or not taxed) in Hong Kong can make a real difference to your bottom line.
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.
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