Can a Company Be a Director in Hong Kong? Yes, but…
While most people envision directors as individuals in suits sitting around boardroom tables, Hong Kong’s corporate law offers a unique flexibility: the ability for companies themselves to serve as directors of other companies. This arrangement, known as corporate directorship, opens up interesting possibilities for business structuring and management – but comes with specific rules and […]
Everything You Need to Know About Crypto Taxes in Hong Kong
You might think that in a place famous for its laissez-faire approach to finance, cryptocurrencies would roam free like digital wildcats, unburdened by the weight of taxation. But no, even in the glittering harbor of Hong Kong, the taxman cometh for your Bitcoin. The two questions that are keeping Hong Kong’s accountants up at night: […]
No Minimum? Hong Kong’s Surprising Minimum Capital Rules
In Hong Kong, there is no minimum capital requirement for establishing a company, but it’s common practice to state HK$1 as the initial share capital. Now, you might be thinking, “surely this is some sort of typo” but no, this is very much our reality. Hong Kong, that towering bastion of capitalism, that glittering jewel […]
Why Hong Kong Bearer Shares Aren’t What They Used to Be
In March 2014, Hong Kong introduced the Companies Ordinance (Cap. 622), a comprehensive reform of its company law aimed at enhancing corporate governance and transparency. One key aspect of this ordinance was the prohibition of bearer shares, which required companies to either convert existing bearer shares into registered shares or cancel them entirely. This move […]
Hong Kong: A Thriving Hub for Art and Tax Benefits
Hong Kong stands as a beacon of opportunity in the realms of art and business, blending its rich cultural heritage with modern financial acumen. Known for its dynamic art market, efficient logistics, and favourable tax policies, Hong Kong has attracted international attention. This city provides an attractive investment environment for art collectors, galleries, and businesses […]
6 Strategies to Maximize Hong Kong’s Foreign Sourced Income Exemption
Foreign sourced income, in the context of Hong Kong’s tax system, refers to income that is derived from sources outside of Hong Kong. To be considered foreign, the income must be generated from sources outside of Hong Kong, such as from business operations, investments, or employment in foreign countries, but also income from sales, services, […]
Could Hong Kong Become Your Digital Asset Hub for 2023?
The new Crypto regulations in Hong Kong will have a major impact both on Crypto businesses and investors. Crypto companies will be able to operate with greater transparency and assurance, as the Financial Services and Treasury Bureau of Hong Kong has provided clear guidelines on how Crypto should be regulated. Crypto trading platforms must now […]
The New Foreign Sourced Income Exemption (FSIE) regime for passive income in Hong Kong
Let’s admit it, Hong Kong is one of the best jurisdictions in Asia as a regional headquarter; however, due to the low tax regime, Hong Kong’s reputation has always been questioned. To be an attractive financial hub, it is time that the Hong Kong tax system adapts to OECD norms regarding the taxation of passive […]
What is Financial Management in Food Service? Top Financial Tips for Running an F&B Business in Hong Kong.
We have supported dozens of restaurants in Hong Kong, and are witness to the fact that successful financial management in the food service industry goes hand-in-hand with success. It’s not just about passion and creativity, a successful F&B business involves an incredible amount of dedication to cost control and management, F&B cost, budgeting and KPI […]
