You need to know

Where to download Manulife employer’s MPF contribution statements

2020-06-14

The government launched the Employment Support Scheme (ESS) to provide time-limited financial support to employers. ESS aimed to retain the employees. And all application is via a centralized online portal. To facilitate the application, the applicants please prepare the employer’s MPF mandatory contribution statements in advance. Centre O would like to use Manulife online system as an example to illustrate …

HSBC Digital Banking

2020-06-11

Important: Create a “Password” to log on now HSBC brings an easy and all rounded mobile banking experience to you. As of 1st April 2020, HSBC no longer issue any new or replacement physical Security Devices except for those with accessibility needs. You require to create a “Password” on top of your “Memorable answer” to enable additional log on method. …

Video Conferencing During the COVID-19 Pandemic

2020-06-11

With face-to-face meetings being cancelled due to the outbreak of the COVID-19 pandemic. Individuals have turned to video conferencing platforms, such as Zoom or Microsoft team etc. to maintain productivity and keep in touch with colleagues and customers. Let’s us introduce a quick guide for those who haven’t tried. Free Plan The good news is that Zoom Meetings has a …

What is TransferWise?

2020-06-11

TransferWise is a British online money transfer service founded in January 2011 and is based in London. TransferWise supports more than 750 currency routes across the world including GBP, USD, EUR, AUD and CAD, and multi-currency accounts. The concept was to match transfers with other people and then have a small commission while using the inter-bank mid exchange rate. Unlike …

Why Centre O Offices are better than conventional office?

2020-06-05

When clients are starting their businesses in Hong Kong, they have to consider their options and whats’ best suits for the newly established business, to keep the cost low while they have the flexibility to grow within the next 12 months. Herein below, we are sharing a few thoughts of why Centre O Offices are better than conventional office. Why Serviced Offices …

Second Employment Support Scheme for Wage Subsidies

2020-05-25

The Government has launched the Employment Support Scheme (ESS) since February 2020. Following from the first round of the “Anti-epidemic Fund”. ESS is providing a time-limited financial support on wage subsidies to employers to retain employees to avoid redundant. Wage Subsidies and Calculation In most cases, the Government will provide wage subsidies to eligible employers for 6 months. As a rule,  …

First tranche of wage subsidy will receive Application from 25th May

2020-05-13

The Government announced earlier the launch of the Employment Support Scheme (ESS). Planned to spend $81 billion to provide time-limited financial support to employers with wage subsidy to retain their employees. Hence maintaining the strength for Hong Kong. The Chief Executive, Mrs. Carrie Lam, announced on 12th May the first tranche of the ESS will receive application from 25th May. After …

Hong Kong Limited Company Maintain and Upkeep

Without a doubt, maintain and upkeep for a Limited Company in Hong Kong is as critical as the initial setting up. Basically,  any Hong Kong Limited Company has to liaison with two government departments at least ones per year. Firstly the Hong Kong Limited Company must liaise with the Company Registry Department We need to update company structure, even there was …

Deregistration and Restoration Q & A

1/ Can any company registered in Hong Kong apply for deregistration under the new Company Ordinance (Cap.622) (“the new CO”) at the Company Registry? No. Only if it is a private company and a company limited by guarantee may apply for deregistration under Division 2 of Part 15 of the new CO.   2/ Are there any changes in the …

Options of closing business in Hong Kong- Winding-Up or Deregistration

The overall process of closing a business in Hong Kong usually takes some months before complete. The costs of the process depend on the options of closing of the business: Winding-Up or Deregistration. So it is better to think carefully about it and consider accordingly. Even though both the processes lead to the closing of the business and the dissolution of the …