Annual Return Submission to Companies Registry

Annual Return Submission to Companies Registry

The Companies Ordinance has mandated that all locally incorporated private limited companies must file their Annual Returns with the Companies Registry.

Annual Tax Return Submission to Inland Revenue Department

Annual Tax Return Submission to Inland Revenue Department

In Hong Kong, both locally incorporated and foreign companies (an incorporated subsidiary or registered branch) are required to file annual return with the Inland Revenue Department (“IRD”).

Business Record Keeping in Hong Kong

Business Record Keeping in Hong Kong

Every business in Hong Kong is required to keep sufficient records of all business transactions conducted.

A Guide to Significant Controller Register for a Hong Kong Company

A Guide to Significant Controller Register for a Hong Kong Company

Beginning 1 March 2018, new changes were made to the Anti-Money Laundering and Counter-Terrorist Financing (Financial Institutions) (Amendment) Bill 2017.

Accounting Standards in Hong Kong

Accounting Standards in Hong Kong

The accounting standards in Hong Kong are referred to as the Hong Kong Financial Reporting Standards (HKFRS). Read more to know these principles.

Audit Exemption and Reporting Exemption for Dormant Company in Hong Kong

Audit Exemption and Reporting Exemption for Dormant Company in Hong Kong

A dormant company will be exempted from complying certain requirements as stipulated in the Ordinance, which will, in turn, enables an inactive company to be retained at a minimum maintenance cost.

Hong Kong Director Duties and Responsibilities

Hong Kong Director Duties and Responsibilities

Directors are responsible for ensuring that the company is compliant with legal obligations and regulatory requirements. Therefore, Directors must keep tab of the happenings within the company.

Hong Kong’s Data Privacy Law

Hong Kong’s Data Privacy Law

Hong Kong, a country that always stays ahead and in-trend no matter how fast the technology evolves, has been one of the first Asia countries to enact a data privacy law. This article provides an overview of data privacy law in Hong Kong, including the relevant legislation, governing authorities, key definitions and Six Data Protection Principles.

Annual General Meeting (“AGM”) in Hong Kong

Annual General Meeting (“AGM”) in Hong Kong

An annual general meeting (“AGM”), as the name implies, is a statutory requirement where a company’s directors or shareholders will gather in this mandatory yearly meeting to discuss the company’s financial report, business performance or strategy.

Does A Hong Kong Company Need a Company Chop or Seal?

Does A Hong Kong Company Need a Company Chop or Seal?

Executing legal documents and contracts are a very common occurrence in a business. But does your Hong Kong company need a company chop or company seal to get it done? Or will a signature suffice?

Electronic Signature or Digital Signature Requirements in Hong Kong

Electronic Signature or Digital Signature Requirements in Hong Kong

Electronic signatures and digital signatures are among the multiple signature forms recognised in Hong Kong as part of the Electronic Transactions Ordinance Act (ETO). Hong Kong’s ETO recognises some of the multiple signature forms used by private sector businesses. In all official electronic communication with the government, the ETO retains the digital signature requirements.

Changed Business Address: Don’t Forget To Update

Changed Business Address: Don’t Forget To Update

Hong Kong is a place of business haven. More companies or organizations are set up and registered daily. Hence, entrepreneurs require ample business operation space that befits their enterprise. Thus, you are forced to change your business address when the need arises — the most challenging part of changed business address in informing all relevant parties about your moved business place.