You need to know

Generally speaking, visitors must depart Hong Kong before the expiry of their limit of stay. If there is a special/urgent need to stay longer, visitors may make an extension of stay application within 7 days before their limit of stay expires. Applications will be considered on its own merits.  How is the Visa Extension situation during COVID-19 The chance of …

Mainland talents cannot automatically move to Hong Kong and work. Undoubtedly, a working visa is required. Hence, the Immigration Department of Hong Kong SAR launched a programme called Admission Scheme for Mainland Talents and Professionals (ASMTP). The objective of the ASMTP is to attract qualified Mainland talents and professionals to work in Hong Kong. In order to meet local manpower needs …

Profits Tax-Industrial Classification Code Profits tax return is usually 00/12345678 as the file format. Among them, “12345678” is the company’s business registration number; While “00” is the industry classification code: Limited company code 01: Aircraft and operation 02: Finance 03: Construction works 04: Distribution and retail 05: Import and export 06: Investment/Speculation 07: Hotels, restaurants and playgrounds 08: Insurance 09: …

Service Hour Updated Due to the 3rd waive of COVID-19, Inland Revenue Department announced on 19 July 2020. The service hours of the counters of Business Registration Office are from 9:00 am to 12:00 noon. And 1:30 pm to 4:00 pm from Monday to Friday (except public holidays) starting from 20 July.   Online Appointment arrangement For service users who …

The Financial Secretary announced in the 2020-21 Budget Speech, a package of helping measures for the commercial and industrial sector. On 8 April 2020, the Chief Executive announced another round of relief measures to support the businesses. The measures aim to assist enterprises to cope with current economic challenges. About 250,000 non-domestic accounts are expected to benefit from these initiatives. …

Free Trade Business Economies Hong Kong is one of the world’s most open economies with a business-friendly environment characterised by free trade. Nevertheless, with a mature financial regulatory regime and legal system. A city with simple taxation and low tax rates, along with advanced transport and telecommunications infrastructures.   Financial Market Hong Kong’s financial markets offer high levels of liquidity. …

Legal System and the Judiciary – The Basic Law Under the Basic Law of Hong Kong, it exercises the judicial power of the Region and is independent of the executive and legislative branches of the Government. The courts in Hong Kong hear and adjudicate all prosecutions and civil disputes, including all public and private law matters. The rule of law …

Background  Hong Kong is a Special Administrative Region of the People’s Republic of China (“PRC”). Not only providing a safe and secure business environment to all. It also benefits from locating on the eastern Pearl River Delta of the South China Sea. With over 7.5 million people of various nationalities in a 1,104-square-kilometre territory. Hong Kong is one of the …

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 …

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. …