As the Hong Kong tax filing season approaches, individual taxpayers may be exploring available deductions and allowances to reduce their tax liability. One commonly claimed allowance is the Dependent Parent and Grandparent Allowance, which applies to those who financially support an elderly parent or grandparent. While the allowance offers meaningful tax relief, the eligibility criteria […]
When considering starting a business in Hong Kong, it is essential to understand the various types of companies and business structures available.
This strategic move can be driven by various motivations, such as optimising the capital structure, returning surplus funds to shareholders, or eliminating accumulated losses.
To promote the research and development (“R&D”) sector and the creative industries in Hong Kong to exploit their intellectual property (“IP”) rights for economic growth and competitiveness, the Hong Kong government has introduced the Patent Box Regime.
