Phasing out of Company Registration Number: What is Unique Business Identifier and What Every Hong Kong Limited Company Needs to Know
The Unique Business Identifier (UBI) system is intended to provide a streamlined approach for businesses operating in Hong Kong, increasing communication effectiveness between them and government departments. This blog post delves into what this means for companies here. How can it help improve business operations and ensure they remain competitive within this rapidly changing commercial environment?
In the world of business, where innovation and growth are celebrated, it’s easy to overlook the unsung heroes who work diligently behind the scenes, ensuring that the ship sails smoothly. One such unsung hero in the corporate world is the company secretary.
Navigating the Hong Kong corporate world often involves understanding an organization’s various roles and responsibilities. Two such roles that frequently come into focus are that of a designated representative and company secretary. While they may seem similar on the surface, it is crucial to comprehend the differences and distinctions between the two roles.
A Comprehensive Guide to Company Secretary Responsibilities In today’s complex business environment, corporate secretaries play an indispensable role in steering organizations through the labyrinth of governance and compliance challenges. As the backbone of board operations, they are responsible for ensuring that the company’s governance framework is up-to-date and aligned with best practices. But what does […]
The Importance of Complying with Tax Regulations in Hong Kong 6 minute read As a small business owner or freelancer in Hong Kong, you know that taxes are a fact of life. But did you know that tax evasion is a serious offence that can have serious consequences? In Hong Kong, tax compliance is very […]
A Comprehensive Tax Deadline Checklist for Your Hong Kong Small Business 7 minute read Benjamin Franklin once said that nothing is certain in this world except for death and taxes. Fortunately, the rate of tax in Hong Kong is among the most reasonable in the world. Add to that a great infrastructure, skilled workforce, and […]
3 Tips for Self-Employed Tax Reduction in Hong Kong 10 minute read If you are self-employed in Hong Kong, it is important to understand the tax system and to file your tax returns on time. Hong Kong’s Inland Revenue Department (IRD) offers several tax breaks and grants for the self-employed. We’ll talk about the strategies […]
All You Need to Know About the Issue of Shares in Hong Kong 10 minute read The Hong Kong Companies Ordinance stipulates that when you incorporate a business, at least one share has to be issued and given to the company founder. When growing a company, you can increase your capital by issuing shares to […]
Should you outsource your company admin? 7 min read To outsource or not to outsource? This has become one of the most hotly debated topics among business owners. Outsourcing provides an effective solution for businesses to solve human resource shortages, while still meeting set business goals. By outsourcing activities, labor productivity can be increased while […]
Explained: Transfer of Shares and Stamp Duty for Businesses in Hong Kong 7 minute read When a shareholder in a corporation sells or gifts his shares to another new or existing shareholder, this is known as a share transfer. These are the reasons behind most transfers of shares in Hong Kong companies: A shareholder wants […]