Best Bank Accounts for Small Businesses in Hong Kong
Your money needs a home – let’s find it one. You have three options for opening a small business account in Hong Kong: Open an account with a virtual bank – the fastest-growing option for startups. Go with a traditional bank – reliable and feature-rich, but requires more documentation. Use an offshore account – useful […]
How Are Dividends Taxed in Hong Kong?
You’ve built your business from the ground up, weathered the ups and downs, and now you’re sitting in your office looking at healthy retained earnings on the balance sheet. It’s time for that sweet, sweet dividend distribution. But before you pop the champagne, that nagging voice in every business owner’s head starts whispering: “What’s this […]
What is the Withholding Tax for Non-residents in Hong Kong?
If you’re not from Hong Kong but you’re making money here, Hong Kong would like some of that money, please. The good news is that Hong Kong only withholds tax on a few specific types of payments to non-residents: royalties and payments to entertainers and athletes. The not-so-good news is that figuring out the exact […]
5 Benefits of Setting Up a Company in Hong Kong
Hong Kong has long punched above its weight in the global business arena, and for good reason. It’s connected, sophisticated, and still has a few tricks up its sleeve that other jurisdictions can’t match. Here’s why it might be the strategic advantage your business needs. 1. A Gateway to Global Trade Hong Kong’s economy is […]
7 Ways Hong Kong’s Accelerated Depreciation Rules Offer Immediate Tax Relief for Businesses
You know that feeling when you buy a new laptop for your business and then realize you have to spread the tax deduction over three years? Well, Hong Kong’s tax authorities apparently decided that was unnecessarily cruel and unusual punishment. While most places make you wait around like you’re queuing at the post office to […]
Is Crypto Trading Legal in Hong Kong?
Cryptocurrency trading is legal in Hong Kong, but the regulatory landscape is complex and rapidly evolving. If you’re considering crypto trading or launching a crypto business in Hong Kong, this guide will help you understand the current legal framework and what’s coming next. The Regulatory Landscape: Who’s in Charge? Hong Kong doesn’t have a single […]
How to Carry Forward Tax Losses in Hong Kong to Reduce Your Future Tax Bill
Here’s a fun thing about running a business: When you lose money, the government says “sorry for your loss,” and when you make money, the government says “congratulations, please give us some.” But Hong Kong has this delightful quirk where if you lose money first and make money later, you can tell the government “remember […]
6 Ways Hong Kong’s Commercial Building Allowances Boost Your Cash Flow Immediately
The thing about Hong Kong’s commercial building allowances is that they’re simultaneously everywhere and nowhere. Every tax guide mentions them, but most businesses are leaving serious money on the table because the rules are more generous—and more recently updated—than people realize. In 2024/25, Hong Kong quietly removed the 25-year time limit that used to make […]
The Smart Business Owner’s Guide to Hong Kong’s Depreciation Allowance
Depreciation allowances in Hong Kong are like hidden treasure chests scattered throughout your financial statements—if you know where to look. While most business owners focus on immediate cash flow and quarterly results, the savvy ones are quietly reclassifying assets and restructuring capital expenses to create massive tax deferrals. It’s financial optimization that can translate to […]
