You need to know

Third round of $24 billion Anti-Epidemic Fund measures

2020-09-18

Paul Chan, Financial Secretary of Hong Kong, announced the third round of Anti-Epidemic Fund details on 15 September 2020. In order to alleviate the impact of the epidemic on various industries. The government continues to provide rent concessions and fee exemptions, and further reduces rates for non-residential properties. Above all, the new round of anti-epidemic measures and various rent waivers, …

WHAT IS THE REQUIREMENT TO NAME A BUSINESS IN CHINA?

2020-09-15

China is an exciting prospect for many foreign business owners and investors. When set up a business, the company name reflects everything you stand for when you go to market. Therefore, a proper business name is so important. However, the company name registration process requires that names adhere to certain naming stipulations. How to pick a company name? Chinese company …

Differences between Local Enterprise & Foreign Enterprise in China

2020-09-11

When we are setting up a business in Hong Kong, there isn’t any difference for a local person or an overseas expat setting up a Hong Kong Limited. However, when you setup an entity in China as a foreigner, there are differences between a local and a foreign investment enterprise.   Local Enterprise First of all, local enterprise can only …

China Simplified its Incorporation Process since 2016

2020-09-11

When setting up a business in Hong Kong, you need to apply for a Certificate of Incorporation from the Company Registry. Apart from the Certificate of incorporation, you will need to apply for Business Registration in Inland Revenue Department.  Similarly, if you want to setup a company in China, you have to obtain a business license in State Administration for Industry and …

DOCUMENTS REQUEST FOR CORPORATE ACCOUNT ANNUAL REVIEW WITH BANKS

2020-09-11

What is Annual Review for Corporate Account? Banks in Hong Kong need to undertake a process of annual review for the corporate account. The purpose is to ensure the bank maintains the latest information about your company. Otherwise, your corporate bank account activities will be restricted.   Herein below, we have included a list of document and information bank always …

WHAT IS THE REQUIREMENT FOR A WFOE REGISTERED OFFICE?

2020-09-04

What is a WFOE? WFOE stands for Wholly Foreign Owned Enterprise – a China registered company which is wholly owned by foreign investors for either individual or corporate. WFOE is a common business setup by which non-Chinese nationals or non-Chinese corporate entities incorporate a foreign-owned limited liability company in Mainland China. A WFOE is a limited liability company which is …

2ND ROUND OF EMPLOYMENT SUPPORT SCHEME APPLICCATION DETAILS ANNOUNCED

2020-08-28

The Hong Kong Government has announced the application details for the 2nd payment instalment of Employment Support Scheme (ESS). Eligible employers may submit their applications for the 2nd tranche wage subsidies from 31st August to 13th September 2020. Submit New Application Employers who previously applied for the 1st tranche of the wage subsidies for wages paid from June to August …

HK Government Advises Work From Home due to the 3rd Wave Covid-19

The Hong Kong Government announced the toughest COVID-19 restriction on 27 July 2020. Since Hong Kong has an escalating coronavirus outbreak. The Centre of Health compelled employers to arrange for employees to work from home (WFH). In order to prevent further community outbreaks. Office Operation during the new norm During the pandemic, the sudden shift into working from home has …

CENTRE O – PRECAUTIONARY MEASURES AGAINST CORONAVIRUS

Hong Kong hits by the third wave of new, untraceable local transmitted COVID-19 cases. In view of the situation of COVID-19 in Hong Kong. Centre O imposes the following measures as below: Precautionary Measures  Hired Special Cleaning Team to carry out deep cleaning and disinfection of whole Centre O premises. UV Light to sterilize and disinfect of letters and parcel …

3rd ROUND ANTI-EPIDEMIC FUND : EMPLOYMENT SUPPORT SCHEME

2020-08-18

Ahead of the Executive Council meeting on August 18. Chief Executive Carrie Lam says the Government will launch the third round of Anti-epidemic Fund and the second Round Employment Support Scheme (ESS) to safeguard jobs in Hong Kong. 2nd Round Employment Support Scheme Subsequently, the new round of ESS starts application on 31st August and the application deadline is 13th …