You need to know

CROSSING BORDER FROM CHINA DURING COVID-19 PANDEMIC

Crossing border from China to Hong Kong is NOT the same anymore. Since the COVID-19 widely spread in early 2020. Traffic ban and border closed are imposed between cities and countries. However, travel between China and Hong Kong is really hard to avoid. You may have your own reasons to cross the border. For instance, family issues or business needs.  …

FAQ: LOCAL REPRESENTATIVE SERVICE?

Why you need a Local Representative? According to the “Guideline on the Keeping of Significant Controllers Register”, it states company must appoint at least one local person as a representative of the company.  What is the role of a Local Representative? The main role of the Local Representative is to provide assistance related to the company’s Significant Controller Representative (SCR) …

CALCULATE STAMP DUTY RATES FOR COMPANY SHARE TRANSFER

What is a Stamp Duty?  Stamp duty is the tax governments place on legal documents, usually in the transfer of assets or property. Governments impose stamp duties, also known as stamp taxes, on documents that are needed to legally record certain types of transactions.  Stamping of Shares Transfer When you are going to do the Shares Transfer, your Company Secretary …

WHAT TO CONSIDER WHEN DOING SHARE TRANSFER FOR LIMITED COMPANY?

2021-10-16

Reasons for doing a Share Transfer? You have difference reasons to make a Share Transfer. Share Transfer is an official method to change the share structure of your company. For example, adding a new shareholder or changing the existing proportion of shares between shareholders. Who you need to deal with? According to the Companies Ordinance, shareholders of a limited company …

BUSINESS PROOF REQUIRED BY THE BANKS IN 2021

2021-10-16

Opening a corporate bank account is a relatively simple and straightforward procedure in Hong Kong. However, before you can open an account with your desired bank. You have to almighty understand what information and document the bank are requesting. For example, the bank needs your business proof. Then what does Business Proof mean? What document and information you have to …

2021 POLICY ADDRESS HIGHLIGHT ON THE HONG KONG ECONOMY

2021-10-16

Hong Kong leader Carrie Lam Cheng Yuet-Ngor delivered her policy address on 6th October, 2021 highlighted on the Hong Kong economy. The cores of Policy Address are focusing on housing and land supply, as well as the vision for the future Hong Kong. For the prospectus of Hong Kong, she proposes new impetus to the Economy: the integration into the …

WHAT’S NEW ON YOUR HONG KONG SMART IDENTITY CARD?

2021-10-16

The Immigration Department started the replacement procedure since late December 2018for the Hong Kong smart identity card. In order to combat forgery, the new smart identity card has incorporated a number of sophisticated security features. Do you know what are the new security features on your New Smart Identity Card? Hologram with Wave and 3D Effect Viewed from different angles, …

REGISTER EMPLOYMENT LICENSE VIA MOBILE APP IN HONG KONG

From 2022 onwards, registering for an employment license will be much easier. As announced in the Chief Executive’s 2020 Policy Address, the Employment Agencies Administration of the Labour Department will launches e-EAS in the first quarter of 2022. The e-EAS allows Employment Agencies to submit license applications. Also, check their application status easily and conveniently. How convenience of e-EAS when registering …

APPLICATION PROCESS for CHINA TRADEMARK

2021-10-16

The Importance of Registering a China Trademark Applying for a China trademark is a crucial and important step that’s often ignored or overlooked by exporters. As we mentioned in previous blog, China is a “first-to-file” country which means that the person who registers a China trademark for a product. The China Trademark holder will also have all exclusive rights to …

WHAT EXACTLY ARE REGISTERED OFFICE SERVICES?

2021-08-30

Centre O provides registered office services in order to help business owners. Companies can avoid the outrageously prohibitive cost of business accommodation in Hong Kong especially during their startup stage. The Registered Office Services include: Prestigious Registered office address Personal, banks and Government mail and small parcels handling with email notification Re-direction Services via local or international courier Letters opened, scanned and …