Plain-English guides to HSIC codes, company registration, and compliance in Hong Kong.
Every Hong Kong private company must prepare audited financial statements under the Companies Ordinance (Cap. 622). This guide covers statutory deadlines, audit exemptions, filing procedures with the Companies Registry and IRD, and penalties for non-compliance.
Hong Kong salaries tax is territorial, taxing only income arising in or derived from Hong Kong. Employers must report employee remuneration annually via IR56 forms, while employees file individual tax returns (BIR60). Tax rates are progressive (2%–17%) or a standard 15% on net assessable income, whichever is lower. This guide covers eligibility, filing timelines, exact costs, and compliance obligations for both parties.
Hong Kong's Profits Tax is a territorial-based tax charged at 8.25% on the first HKD 2 million of assessable profits and 16.5% thereafter. This guide covers eligibility, filing timelines, cost metrics, and compliance requirements under the Inland Revenue Ordinance (Cap. 112).
A practical guide to complying with the Personal Data (Privacy) Ordinance (Cap. 486) for Hong Kong companies. Covers eligibility, timelines, costs, and suitability for SMEs and larger organisations.
This guide explains Hong Kong's Anti-Money Laundering and Counter-Terrorist Financing (AML/CTF) regime under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (Cap. 615). It covers which businesses are regulated, registration requirements, customer due diligence obligations, and record-keeping rules.
Every Hong Kong company must appoint a company secretary under the Companies Ordinance (Cap. 622). This guide explains who qualifies, the appointment timeline, statutory duties, costs, and penalties for non-compliance — essential reading for directors of private limited companies.
Filing an annual return is a statutory obligation for every Hong Kong company under the **Companies Ordinance (Cap. 622)**. Failure to comply can result in significant penalties, prosecution, and even the striking-off of your company from the Companies Register. This guide provides a comprehensive,...
The **Companies Ordinance (Cap. 622)** is the primary legislation governing the incorporation, operation, and dissolution of companies in Hong Kong. Enacted in 2014 and fully effective from 2014, it replaced the older Cap. 32 and introduced significant modernisations aimed at enhancing corporate tra...
Hong Kong’s position as a global financial hub makes it a natural choice for foreign companies seeking to establish a physical presence in Asia. Registering a branch office is one of the most straightforward ways to do so, allowing the parent company to operate under its existing name and legal iden...
Hong Kong remains one of the world’s most attractive jurisdictions for business incorporation, offering a straightforward company registration process, a low and predictable tax regime, and a robust common law system. This guide provides a clear, step-by-step overview of the legal requirements and a...
Deciding on the legal structure for your business in Hong Kong is one of the most consequential decisions you will make. It affects your personal liability, tax obligations, compliance burden, and ability to raise capital. Hong Kong law recognises three primary business structures: sole proprietorsh...
Hong Kong remains one of the world’s most attractive jurisdictions for business incorporation, thanks to its simple tax system, robust legal framework under the Companies Ordinance (Cap. 622), and efficient Companies Registry. This guide provides a clear, authoritative walkthrough of the entire comp...