Under the Hong Kong Inland Revenue Ordinance “Hong Kong adopts territorial basis for taxing profits derived from a trade, professional, or business carried on in Hong Kong. Profits Tax is only charged on profits which arise in or are derived from Hong Kong “.  In simple terms this means that a person who carries on ...

Foreign companies that wish to gain market insight, exposure and a better understanding of the Hong Kong business environment before setting up a full-scaled office can look for establishing a representative office first.    A Hong Kong representative office is only an extension arm of the overseas company.  The Hong Kong representative office will not carry ...

Hong Kong Representative Office is for foreign company to undertake promotional and liaison activities on behalf of its parent company. The Hong Kong Representative Office is directly or on behalf of its parent company, must not be engaged in business, conclude contracts, provide consultancy for a fee, undertake transshipment of goods, or open or negotiate any letters of credit. The Hong ...

Investors are free to make choice of their Hong Kong Company name but must follow certain rule set by Companies Register.     General Requirement A Hong Kong company may be registered with an English name, a Chinese name, or an English Name and a Chinese name. A company name with a combination of English ...

Hong Kong has released the 2015-16 Budget (Budget) in 2015. The Budget includes but is not limited to a proposal to provide a reduced tax rate for certain treasury activities, tax exemption for private equity funds, expansion of tax deductions for certain intellectual property (IP) and other initiatives.   To attract more corporate treasury centers ...

Hong Kong Feasibility Study Report is an analysis and evaluation of a proposed project to determine if the investment is profitable within the estimated cost. Feasibility study covered all the aspects of a business such as economic feasibility, market feasibility, legal feasibility, financial feasibility, cultural feasibility, resource feasibility and technological feasibility.   It’s very important ...

Hong Kong Due Diligence Report is an investigation or audit that a company should perform before entering into an agreement with a potential client. The audit covered the following areas such as company background, company structure, company management, company finance, production, product and service, research and development, company assets, shareholders and director status, etc.   ...