Consolidated financial statements provide a fair presentation when one of the companies of the group directly or indirectly has a controlling financial interest in the other companies.
It is sometimes argued that a company incorporated under HK Law (“HK Co”) will (a) automatically be regarded as a Hong Kong tax resident; and (b) only be subject to corporate tax in Hong Kong but not in other tax jurisdictions. However, one has to be well aware that if HK Co lacks (has insufficient) ‘tax […]
In this article we look into e-signatures and digital signatures, their position under Hong Kong law and practical considerations.
A non-executive director is a person who is part of the board of directors in a company but is not involved in the day-to-day operations. Non-executive directors bring an outside perspective to the board; they provide oversight, knowledge, experience and insights and may challenge the management if the need arises. The different types of director […]