Plain-English guides to HSIC codes, company registration, and compliance in Hong Kong.
Hong Kong offers a two-tiered profits tax deduction for qualifying research and development (R&D) expenditures, allowing tech companies to claim up to 300% on the first HKD 2 million of eligible costs and 200% on the remainder. This guide explains the eligibility criteria, claim process, timelines, and cost metrics under the Inland Revenue Ordinance (Cap. 112).
Learn the exact steps, deadlines, and costs for filing your Hong Kong Profits Tax Return (BIR51). This guide covers eligibility, required documents, eTAX filing, and common pitfalls under the Inland Revenue Ordinance (Cap. 112).
Hong Kong's network of over 45 Double Tax Agreements (DTAs) determines how cross-border income is taxed. This guide explains eligibility, treaty benefits, filing timelines, and cost implications for businesses operating in or through Hong Kong.
Hong Kong's transfer pricing rules under the Inland Revenue Ordinance (Cap. 112) require related-party transactions to be conducted at arm's length. This guide explains the documentation requirements, compliance deadlines, and penalties for non-compliance.
Hong Kong's territorial tax system means only profits sourced in Hong Kong are taxed. This guide covers the key exemptions, deductions, and allowances available under the Inland Revenue Ordinance (Cap. 112), including the two-tiered profits tax rates and specific deductible expenses.
The Business Registration Ordinance (Cap. 310) requires every person carrying on business in Hong Kong to register within one month of commencement. This guide explains who must register, the fees, penalties for non-compliance, and how to apply.
The Competition Ordinance (Cap. 619) prohibits anti-competitive agreements, abuse of market power, and mergers that substantially lessen competition. SMEs face fines up to 10% of Hong Kong turnover for each year of infringement, but most small businesses fall outside the merger control regime and benefit from a de minimis threshold for certain agreements. This guide explains your obligations, exemptions, and practical compliance steps.
A practical guide to winding up a solvent Hong Kong company via members' voluntary liquidation, covering eligibility, timelines, costs, and statutory requirements under the Companies Ordinance (Cap. 622).
Learn the legal requirements for maintaining a Significant Controllers Register (SCR) in Hong Kong under the Companies Ordinance (Cap. 622). This guide covers eligibility, timelines, costs, and penalties for non-compliance.
Every Hong Kong company director owes statutory and common law duties to the company. This guide explains the seven core duties under the Companies Ordinance (Cap. 622), the consequences of breach, and practical steps to stay compliant.
A joint venture in Hong Kong can be structured as an incorporated company or an unincorporated contractual arrangement. This guide explains the legal framework under the Companies Ordinance (Cap. 622), the practical steps to incorporation, and the key compliance obligations you must meet under the Business Registration Ordinance (Cap. 310).
Learn the exact legal steps, costs, and timelines to convert your Hong Kong sole proprietorship into a limited company under the Companies Ordinance (Cap. 622). Includes BR fee details, HSIC code changes, and asset transfer guidance.