Incorporation & company secretary
Corporate Management Services
The incorporation & company secretarial services of HKWJ Tax Law & Partners Limited are carried out by its sister company Triple Eight Limited (TEL). TEL can assist clients with comprehensive corporate management services, including but not limited to, company incorporation, bank account opening assistance, corporate director and company secretary assistance. In summary:
- Incorporation/Registration of Hong Kong and offshore companies, including sole proprietorship, partnership and representative office, and assistance with legal structures. For general requirements and procedures of incorporation a company in Hong Kong, please click here.
- Provision of company secretary, correspondence address, fax line and telephone line
- Provision of registered office and registered agent for companies
- Filing of annual return and attending to all statutory documents as required under the Companies Ordinance of Hong Kong
- Filing and advising of changes in the corporate structure
- Provision of corporate and individual directors
- Provision of nominee shareholders
- Provision of business registration search in Hong Kong
- Opening of bank accounts with local banks
- Organising and witnessing required meetings of directors and
shareholders, including preparation of minutes
- Establishment and maintenance of statutory records
- Advising and assisting in dissolution, insolvency, liquidation and the related matters
Please click here for FAQ regarding corporate management services.
Company (De)registration Services
(A) Company registration/incorporation
Establishing a company in Hong Kong is not complicated when compared to other jurisdictions. Nevertheless, TEL can provide the relevant assistance in order to have a smooth and quick set up of a Hong Kong company, which can be less than a week.
In addition to registration services, TEL can provide corporate management services, including but are not limited to the following:
- corporate bank account opening
- company secretarial services including provision of a registered business address
- directorship services
Apart from Hong Kong, TEL can also provide company registration/incorporation services and corporate management services in foreign jurisdictions.
(B) Company deregistration
It is required for a Hong Kong company to go through certain procedures, such as obtaining a Notice of No Objection to a Company being Deregistered from the Hong Kong Inland Revenue Department (IRD), before it can be formally deregistered. TEL can provide the relevant supports with a view to have the company to be deregistered within the shortest time.
We together with TEL can assist in the following:
- preparing the audited financial statements and profits tax filing for all the required years (usually up to the date of cessation of business) and submitting them to the IRD;
- applying and obtaining a Notice of No Objection to a Company being Deregistered with the IRD;
- handling the tax enquiries raised by the IRD, if any;
- preparing the relevant resolutions and required forms for submission to the Hong Kong Companies Registry for applying for deregistration; and
- following up closely with the IRD and the Hong Kong Companies Registry with a view to expedite the process.
We understand that a lot of issues are required to be solved for relocation to a new jurisdiction. We can give a hand by assisting in applying and extending a visa, including investment visa, work/employment visa, resident visa and dependent visa, in Hong Kong, Mainland China and other jurisdictions.
TEL can provide tailor-made services with a view to obtain the required visa for clients in the most efficient and effective manner. In particular, based on the fruitful experience and knowledge, TEL shall provide the relevant favourable information and documents to the competent government authorities in order to mitigate the chance of follow-up enquiries or rejection of the application. TEL will also follow up proactively with the government authorities with a hope that the visa can be obtained as early as possible.
Business Fraud Reporting Services
As one may be aware, there have been more and more local/cross-border business frauds in the world. It has been seen that individuals/corporations have been persuaded by fraudsters (through a fake company and/or website) to contribute money for making ‘investments’ or buy ‘things’ through the Internet or other means, which resulted into significant loss of money.
With a view to recover the loss incurred by the victims potentially and fight against the crime, we provide the following services:
- conduct the information and document review and perform a preliminary analysis on whether there is a business fraud involved; and
- assist with reporting the potential business fraud to the Hong Kong Police with a hope that the fraud transactions concerned can be suspended/the bank account of the fraudsters can be frozen.
TEL can assist with the enrollment of Hong Kong’s Mandatory Provident Fund (MPF) and corporate support with regards to employees. In summary:
- Assisting with enrollment in MPF and referral of service providers Assisting in drafting of Hong Kong employment contracts and termination notices
- Consultation on labour law in Hong Kong
- Filing of Employer’s Return with IRD
- Application of employment visa
TEL can assist with the application for different types of visas and other relevant services for businesses. In summary:
- Application of Golden visas
- Application of investment visas and capital investment visas
- Application for trademarks and patents
- Provision of re-export certification
- Arranging for notarisation of documents
- Advising on inbound and outbound investment
- Assisting with setting up of Will and Trust
If that’s what I understand, we won the case. I just can’t believe it, I wait for your confirmation to celebrate it, but in any case, you did an amazing job and I would be the first one to recommend you.
Termination of the Shipping Income Tax Agreement Between the United States and Hong Kong21 August 2020
On 19 August 2020, the government of the United States (“the US”) announced that the agreement in respect of double taxation relief on income derived from the international operation of ships entered into between the US and Hong Kong (“the Agreement”) has been terminated. Pursuant to the Agreement, which has been effective since 1989, income… read more
Tax Incentives in the Greater Bay Area and Free Trade Zones/Port in Southern China7 July 2020
Pursuant to a co-operation framework agreement entered into in July 2017, Hong Kong, Macau and nine municipalities in the Guangdong Province of Mainland China including Guangzhou, Shenzhen, Zhuhai, Foshan, Huizhou, Dongguan, Zhongshan, Jiangmen and Zhaoqing have strategically integrated to form the Greater Bay Area (“GBA”), with a view to develop the region as a world-class… read more
Did you receive THE Green Envelope? Tips on the 2019/20 individual (salaries) tax return7 June 2020
Individual Tax Return Filing for the Year 2019/20 The Hong Kong Inland Revenue Department or simply the Hong Kong Tax Authority (“IRD”) has now issued the year 2019/20 individual (salaries) tax returns (yes, that green envelope) for completion. Lodgement of tax exemption claims Individuals are obliged to report their relevant income in their individual tax… read more
Tax Consequences on Termination Payments18 May 2020
Introduction Due to the COVID-19 pandemic, many industries, such as aviation, tourism, hotel, hospitality, retail and catering, have been severely impacted. As a result, various employees, such as pilots and salesmen, have been dismissed by their employers. Some of those employees may be entitled to termination/redundancy/severance packages from their employers, such as a reward for… read more