Hong Kong has always been one of the favourite locations in which to start a business. The startup ecosystem in Hong Kong is striving rapidly and will continue to grow in the coming years. Entrepreneurs from all around the world dream of establishing a startup in Hong Kong because of the benefits it offers. HongRead More
Paul Chan, Hong Kong’s financial secretary, unveiled the Special Administrative Region’s (SAR) government budget for the fiscal year 2024–2025 on February 28, 2024 (the “2024–25 Budget”). The budget outlines the government’s plans for the upcoming fiscal year. It includes projected revenue from taxes, fees, other sources, and planned expenditures on healthcare, education, infrastructure, and socialRead More
Hong Kong is one of the most favorable places to establish your startup. Being a global business hub, Hong Kong offers numerous growth opportunities for businesses and furnishes them with the resources needed to expand their businesses internationally. Hong Kong is situated at a highly strategic location, which has been an important factor in theRead More
As a company has to take care of the safety and authenticity of the documents, having a company stamp helps them to do so. A company stamp allows the company to maintain its authenticity and also saves time that might get wasted in verification. Physical stamps have been in use for centuries, but with theRead More
Hong Kong is located at a highly strategic location which helps it to be a global business hub. The strategic location of Hong Kong allows business owners to trade all over the world. Hong Kong is the best place to start a business as it has all the resources needed for a business to beRead More
In context to the current position of Hong Kong, it becomes extremely important for businesses to have a unique identity in the market. This can be done through UBI or Unique Business Identifier in Hong Kong. A UBI is a code provided to businesses through government authorities. A Unique Business Identifier allows government authorities toRead More
In the ever-evolving business landscape of Hong Kong, it is extremely important to take care of employees to retain them in the business. One of the most significant steps to looking after your employees is buying insurance for them. If you are an employer in Hong Kong then you must have an insurance policy forRead More
The advancements in technologies and international trade have led to several modifications in the financial structure. One such modification is the introduction of multi-currency accounts. If you have a business that operates in more than one location and each one of them uses different currencies, then you must have opened several bank accounts in thoseRead More
In recent years, entrepreneurs from all over the world are investing in different locations to expand their businesses. There has been an increase in the number of offshore companies during this time. And if you are in search of a suitable location for setting up an offshore company, then there could be no better placeRead More
Hong Kong is a global business hub, and to maintain this position, Hong Kong has imposed several rules for business recordkeeping. Hong Kong business recordkeeping plays a vital role in strengthening the position of Hong Kong businesses on the global stage. It also helps Hong Kong businesses to analyze their profits and losses and allowsRead More
The business landscape of Hong Kong is thriving at a highly rapid pace and is expected to grow even bigger. Hong Kong provides the perfect business environment for small and medium-sized enterprises. Several factors influence the growth and success of SMEs, and one among them is bookkeeping and accounting. This should not be ignored asRead More
Hong Kong has emerged as a perfect spot for startups, and having a strong brand here potentially means having a successful business. Branding is the key to forming a professional image for the startup in Hong Kong. If you want to be victorious in the competitive market of Hong Kong, then portraying the goals andRead More
Hong Kong is one of the fastest-growing economies in the world, and the introduction of e-commerce in Hong Kong’s business landscape has boosted this growth. The world is rapidly adopting the latest technologies, and so is Hong Kong. The developed infrastructure of Hong Kong and the ability to embrace new technology is strengthening the positionRead More
In the digital era, having a strong online presence can play a vital role in the success of your startup in Hong Kong. An online presence doesn’t merely mean creating a social media handle or a website. You have to deal with various factors at a time to build a strong online presence for yourRead More
In recent years, Hong Kong has experienced an instantaneous increase in the startup industry. With this increase in the number of startups, investment demand is also increasing. A constant tussle between all the startups is going on to attract investors to their startups. If you want to attract investors, then you will have to be clever.Read More
Hong Kong has always been a supportive market for various businesses but in recent times, a sector which is continuously thriving is the technology sector. Hong Kong is now counted among the top technologically advanced countries. Hong Kong’s tech hub is rapidly growing due to several factors including support from the Hong Kong government andRead More
Want to start a company in Hong Kong but not sure how to do so? Then there is no one better than Startupr to help you set up your business efficiently in Hong Kong. Hong Kong is a perfect place to set up your business due to its strategic location, business-friendly environment and diverse market. Read More
The success of a startup depends on many factors. One such significant factor is cash flow. Managing cash flow is extremely important for every startup. Cash flow management is a key component for your startup’s success. A healthy cash flow allows you to pay rent, employees, suppliers, taxes and other operating costs. For a healthyRead More
If you have a successful startup and you are well-settled in a place, the next big thing you may want to do is scale up the startup. And if you want to scale up your business, then there could be no other place better than Hong Kong to expand your startup. Hong Kong is oneRead More
Several things should be kept in mind while applying for a China visa. Getting a China visa could be made easy if you provide all the information correctly and honestly. If you have all the legal documents and all the required tickets, then it becomes easier for you to get a China visa. Moreover, ChinaRead More
It is mandatory to register your business with the Inland Revenue Department (IRD), Hong Kong. If you want to start a business in Hong Kong, you need to have a Hong Kong Business Registration Certificate. For that, fees have been set by the government which was provided in the Revenue Order 2022. But, the RevenueRead More
Profitability is different from Cash-flow. To run a successful company in Hong Kong, you need to be familiar with both of these words and the advantages they provide. Learning to distinguish Cash flow from profit can improve your ability to analyze your company’s financial health and identify problems or opportunities early on. Even if yourRead More
Employers in Hong Kong must contribute to the Mandatory Provident Fund (MPF) by withholding a part of each employee’s wage. Through a variety of individual plans, employer-sponsored plans, and industry plans, the Mandatory Provident Fund assists working citizens, residents, and qualified expatriates in the SAR in their efforts to save money for their retirement. AsRead More
Hong Kong is among the most appealing locations for companies looking to expand operations because it provides a comprehensive payroll structure for both employers and employees. In Hong Kong, payroll is a system that enables employers to manage their employees’ salaries or wages effortlessly. A software programme or an internet-based service provider can be usedRead More
In comparison to other nations, Hong Kong’s payroll is handled differently. However, it does not imply a high level of complexity. An efficient and error-free payroll system is crucial to the smooth operation of any organization. It seems like there are always more things to accomplish than accounting when you’re operating a small company. SmallRead More
In Hong Kong, interim reports are typically prepared to illustrate a company’s performance by the end of a financial year or on a semi-annual basis. An interim report presents many useful insights about the company to enhance its transparency towards its respective stakeholders. Throughout this article, we will look at what an interim report is.Read More
An invoice, or bill, serves as a detailed record of the goods and services that have been provided to customers. Having clear invoices can help you keep track of all your transactions and ensure that you get paid on time. In Hong Kong, an invoice must include certain information in order to be valid. ThisRead More
We have seen people investing a lot of things in their business for its overall growth. Your business does not only require financial support but other essential support as well. We have seen people making a lot of mistakes which eventually cause losses to the company. Well, we know how much your business means toRead More
Filing a Hong Kong Employer’s Return, Form BIR56A and IR56B, is an easy process. All employers are required to file these returns annually with the Inland Revenue Department (IRD). The main objective of filing these returns is to ensure accurate taxation of the employer’s employees. To record the amount of compensation and other employee benefits,Read More
Planning to have your own business in Hong Kong? Or do you already have one? As one of the ideal places to start a business, Hong Kong business grants can help you grow your business quickly. Well, Hong Kong is a tax haven which automatically makes it an ideal space for all aspiring business owners. BusinessRead More
Gone are the days when you had to visit a bank to get your account opened or raise issues regarding banking. The traditional bank operation across the globe has evolved in recent years, offering numerous digital services related to banking. Neobanks are ruling the world by allowing you to do anything with banking in theRead More
The Startupr team wishes you all a Merry Christmas and Happy New Year! Thank you for a wonderful 2022! We are grateful to all of our clients and it has been a pleasure working with you. For 2023, we will continue to work hard and strive for the best. Your support means a lot toRead More
The contribution and involvement of shareholders are crucial in not just the incorporation but also the successful operation of a business. Shareholders are one of the deciding authorities of company management. If a shareholder wishes to transfer his shares or the company decides to transfer a share among the existing shareholders, there is a checklistRead More
Hong Kong is considered one of the best places to start a business in Asia since it is called the World’s Freest Economy. This city is a financial powerhouse with a highly developed market and business-friendly environment. Due to all these factors, Hong Kong is a very attractive destination for many businesses. Opening a HongRead More
Starting or buying a shelf company in Hong Kong can be a great solution for you for different reasons. Investors that set up shelf companies in Hong Kong usually look to sell them as raw companies for a profit to anyone interested in starting a business immediately. On the other hand, if you want toRead More
Update: After receiving feedback from the advisors, VCs, and the public, Eqvista has decided to close their Reg CF and move on to VC rounds. Eqvista originally had a goal of $5 million as this was the limit for Reg CF. However, as the private equity market is gaining more interest and Eqvista is breakingRead More
The process of opening a business in Hong Kong includes making a lot of important choices that are needed to help the business grow and become successful, like determining its entity structure. A business structure affects everything in the company; it dictates how the company will be taxed, who will control it, its exposure toRead More
You might have heard of companies paying dividends, but what is it? Well, a dividend is a form of payment made by the company to its shareholders. This payment is the portion of the profit that the company chooses to distribute and reward their shareholders with — those who have invested in the company. So,Read More
Do you have a business in Hong Kong, or are you planning to have one? If the answer is yes, transfer pricing is one important thing you should know about; and we are here to help you understand it. After reading this article, you will have full knowledge of what transfer pricing is, from itsRead More
Once you’ve set up your business, there are a lot of things that you’ll need to take care of. Accounting and bookkeeping for Hong Kong companies are among some of the most crucial activities needed to run a business. Great bookkeeping helps in maintaining the day-to-day accounts and auditing financial statements that are used inRead More
Hong Kong has been a key destination for entrepreneurs and foreign investors for many years. The city’s unique position as a gateway to China and its thriving economy has made it a popular choice for business people from all over the world. The outbreak of Covid-19 however put a damper on travel to Hong Kong,Read More
Known as one of the world’s freest economies and an important economic powerhouse in Asia, Hong Kong is a great place to open your business or your regional headquarters. As per the last data by the Census and Statistics Department of Hong Kong, there are around 1,530 regional headquarters for MNC companies in Hong Kong,Read More
Whether during challenging times or even good times, small and medium-sized businesses should be progressive. Adopting fintech can help businesses to be more competitive and resilient. In fact, ever since COVID-19, having an account in a digital bank in Hong Kong has become a necessity. Since small businesses are already overwhelmed with many things, theRead More
Once you have registered your business in Hong Kong, your work doesn’t end here. Other than obtaining the required licenses and permits, you might also need to register other crucial things including your logo, which is also known as a trademark. The logo registration or trademark registration in Hong Kong is just as important asRead More
Hong Kong is one of the most incredible venture objects that has been acknowledged by worldwide investors. The region gives various influences to the business financial backers with regards to organization establishments. It is easy to form a consulting business in Hong Kong. Consultants in Hong Kong have access to a diverse market that isRead More
Hong Kong is one of the most liberal economies in the world. Therefore, forming a business in Hong Kong is fast. Its lack of legal barriers to starting a business, business-friendly atmosphere, and low company incorporation costs attracts business people. In this article, you will learn how to open a Hong Kong company, how toRead More
Hong Kong can go up swiftly on your list. With the benefits of free trade, enviable market access, and a skilled workforce, it ranks highly on lists of the greatest economies for business. The Hong Kong government intends to reduce the government charge for renewing a business certificate and the lodgement fee for a businessRead More
Hong Kong Tax revenue rose to a record HK$378.5 billion in 2021 – 2022 FY. Despite the fact that fewer people paid salary taxes and firms made less money during the economic slump, Hong Kong collected a record HK $378.6 billion (the US $48.52 billion) in taxes for the previous fiscal year. Part of theRead More
The team at Startupr wishes you and your family a Happy Dragon Boat Festival! We hope that you enjoy this festive occasion with your loved ones and have a memorable time. With this, please note that our Hong Kong office will be closed on 3rd June (Friday) for the festival. We will reopen on 6thRead More
The certificate, which is provided by the Companies Registry, is a proof that your business is still registered and in good standing. In Hong Kong, the Certificate of Good Standing or Certificate of Continuing Registration is commonly recognized as proof of your company’s registration in Hong Kong. Certificate of Good Standing A Certificate of GoodRead More
Companies incorporated in Hong Kong are required to keep good books of accounts and to comply with statutory audit requirements on an annual basis, according to the provisions of the Hong Kong Companies Ordinance. Hong Kong’s accountancy profession is regulated by the Hong Kong Institute of Certified Public Accountants (HKICPA). Hong Kong Accounting Standards HongRead More
When conducting business in several jurisdictions worldwide, including Hong Kong, the term “certified true copies” is frequently used. What does this term mean? Because this term is used in many critical business processes, and formalities, a better understanding of what it implies can help firms gain clarity and reduce the risk of non-compliance. It isRead More
Are you looking to get all the updates about the Hong Kong budget for 2022? If yes, then this article is for you. The article will elucidate all the most important budget updates for your business. Keep on reading to see how the 2022-2023 Hong Kong budget may affect you. Hong Kong Budget 2022 –Read More
China and Hong Kong are among the most popular locations for entrepreneurs who aspire to enter the Chinese market. Undoubtedly, deciding where to incorporate is not easy and isn’t a decision to take lightly. Hong Kong is the right choice, we believe. This article will elucidate why choosing Hong Kong is the best choice. StartRead More
Hong Kong is a booming city because of its simplified tax regulations and low-tax regime. It is an investment center not only in Asia but around the world. A large number of business owners have started their ventures in Hong Kong to enjoy the business-friendly environment and multiple tax incentives and allowances. When operating aRead More
As we welcome the Year of the Tiger, Startupr wishes all of our clients and partners a Happy Lunar New Year! May your year be prosperous and abundant with blessings. Startupr is grateful for your support and trust, and we will continue to provide you with the best services. With this, please note that ourRead More
When individuals choose to incorporate a limited company, they can undoubtedly enjoy the advantages and allowances of assessments in Hong Kong. To start a business in Hong Kong, the initial step is to use a business name that is correct and adequate. In this article, you will discover how to look for the title andRead More
From all of us at Startupr Hong Kong Limited, we wish you Merry Christmas and Happy New Year 2022! Thank you for the wonderful year 2021! It has been a pleasure working with you this year. 2021 was a very successful year for Startupr, and we will continue to strive for the best in 2022.Read More
Are you looking for a new company chop, or wondering what it is and where to get it? Or are you having doubts about whether you should order a company chop in Hong Kong or not? This article will clarify all your questions related to the company seal in Hong Kong. Keep on reading forRead More
Hong Kong is an appealing place for prospective business owners without a doubt. If you want to start a business on a global scale, Hong Kong could be the location for you. When it comes to the best places to do business in the world, Hong Kong is right at the top. It’s an excellentRead More
Over the past decade, Hong Kong has grown to be one of the most attractive places to start a business. The city has business-friendly laws, is tax-friendly, and has various other benefits. This has attracted many entrepreneurs to incorporate their startups in Hong Kong. If you are one of them, then you should know aboutRead More
As a new company owner in Hong Kong, you get entangled between the hurdles of maintaining your co-founders as a team and a limited budget. This is true for pre-revenue and high-growing sectors, the question is how to keep your workers on board? Some companies deal with this issue by arranging a Sweat Equity Agreement.Read More
During the registration of a business in Hong Kong, all companies are required to have at least one director on the board at all times. Since board members choose to remain anonymous, they hire nominees’ services to meet this requirement. These services provide them with a nominee director for the business. A nominee director isRead More
A balance sheet of a Hong Kong company is one of the most critical financial statements it will produce on a quarterly or monthly basis. Representing your total assets, liabilities, and net worth, this document provides a quick look into your financial health. It can assist in informing lenders, investors, or key stakeholders about yourRead More
No matter what your business domain is there will be a time you will need a virtual office. Even if you are a specialist occupied with accounting, sales representation, law, or another business; a virtual office in the Hong Kong business landscape is a great option for startups or small businesses. Virtual Office for HongRead More
As the name suggests, the Annual general meeting is the meeting of directors and shareholders on an annual basis to talk about essential matters and reports of the company. It is necessary to hold the general meeting annually for all the companies. Also, it is thus called Annual General Meeting or AGM according to theRead More
If you are earning money, you must pay taxes, and there is no way you can avoid it. It is essential to pay taxes in order to build the nation. Unlike other employees, self-employed individuals should not let their taxes be automatically deducted from what they earn. Therefore, if you are a freelancer or self-employed,Read More
Your startup needs some serious funding for entrepreneurial success. Angels and venture capitalists contribute to wealth, investment, and mentorship opportunities. Just ensure that you pitch your business idea with your utmost grit. Needless to say, Hong Kong is the best when it comes to global investment. Not only in investment, but it is also bestRead More
One of the leading centers for both finance and commerce is Hong Kong. It is a gateway to investments in China and the rest of Asia. You can easily incorporate Hong Kong companies with the name of your choice. With so many amazing facilities, it is easy to form businesses in Hong Kong. Though HongRead More
Everyone may have heard of the dropshipping business. If you are an e-commerce junkie, it may be possible that you are already doing a considerable volume of dropshipping products from suppliers worldwide. But even if you are not interested in knowing about dropshipping business in Hong Kong, this article is still for you. Millennials areRead More
Hong Kong is one place for all budding entrepreneurs who want to start their business overseas. Hong Kong is an attractive option because of its living standards and appealing way of doing business that offers advantages that are unique. It does provide a strategic business location which further acts as a gateway to growing mainlandRead More
2021 is the fresh start after a roller coaster ride in 2020. There is no real timeline estimate of when this pandemic will leave, and things will get back to normal. Starting a new business was only a dream in 2020 but 2021 came in as a ray of hope, and things are a bitRead More
No matter what your current business stage is, both auditing and keeping accounting records in Hong Kong are equally important aspects of the business that you shouldn’t neglect at any cost. For most business owners, this is one topic that gives them headaches. But note that it is something that you need to study rightRead More
Hong Kong is one of the Asian countries that showed a great degree of openness towards the fintech industry’s development. Cryptos and blockchains have benefited from its favorable business environment, and the number of startup companies in this field has grown in recent years. Hong Kong is a stand-out from other Asian countries because ofRead More
With the way businesses are changing, it has become crucial for founders to manage all the shares in the company and keep track of their cap table. And even though a cap table is simple in the beginning, as the company grows, it becomes more complex. Due to this, you shouldn’t keep your cap tableRead More
Wishing you and your business a prosperous and abundant Lunar New Year in the Year of the Ox! May God always bless you, your elders always guide you and your peers always provide you company in whatever you do. May all your wishes be fulfilled and your happiness be without limit! Office Closure: Startupr’s office will be closed from theRead More
For any Hong Kong incorporation online or offline, it is essential to consider having a partnership with a platform that will help increase the knowledge and expertise that help you reach a greater audience. The Czech Chamber of Commerce is a platform that helps various business leaders to connect together in one place. This isRead More
Whether you are a young entrepreneur or want to expand your business outside your current hub, there are processes and documents you must be familiarized with when it comes to registering your company in Hong Kong. The first step is to apply for a limited liability company with the Companies Registry. At the same time, youRead More
It’s Christmas time again! We at Startupr Hong Kong Limited, are preparing to spend this festive season with joy in our hearts. We wish you and your family a merry X’mas and a happy new year 2021. We would also like to thank our loyal customers and partners from the bottom of our hearts forRead More
After you incorporate a Hong Kong company, you will need to register it at the Inland Revenue Department in order to apply for your Business Registration in Hong Kong. This certificate is required on display at the address you have used to register your company. This must be done once you have decided to openRead More
So you’ve decided to expand your business and open a subsidiary company in the heart of Asia, Hong Kong? Or you’re looking to widen your presence on a global scale? If so, we have some tips for you to follow. Hong Kong is known for being Asia’s World City. For the last two decades, itRead More
Have you planned everything about the incorporation and registration of your business in Hong Kong? What do you think, ‘what should be your next step? Many people start wondering about the procedure for bank account opening in Hong Kong. As a matter of fact, it is always advisable to keep a separate line between personalRead More
With the economic turmoil of the American and European economies, many global business people have started planning to explore Asian countries more. Among the choices, Hong Kong is always at the top of the list. Among the main reasons why Hong Kong ranks at the top of any entrepreneur’s list when it comes to startingRead More
Under Hong Kong companies ordinance, every incorporated company in Hong Kong is required to file an Annual Return form (NAR1) at the Companies Registry on the anniversary date of its incorporation. However, the Financial Secretary of the Hong Kong Special Administrative Region, Mr. Paul Chan Mo-Po, proposed one new relief scheme for Hong Kong-based companies.Read More
If you are one of the thousands of business owners starting a company in Hong Kong, you must know by now that you need to have a bank account to operate your business activities. Being a special administrative region of China, Hong Kong is a significant business hub and financial center in the Asia-Pacific region.Read More
Being an international finance and business market, Hong Kong acts as an important spot for investment. Hong Kong is committed to strengthening its position for being a wealth creator and investor in the region. The city has taken steps with the passing of the Limited Partnership Fund Ordinance to establish Hong Kong as a leadingRead More
Are you thinking of starting an eCommerce business in Hong Kong? Being a record-holder of one of the freest-economies in the world, Hong Kong has become one of the best places to set up an online business. E-commerce is a growing field that offers investors significant opportunities to stay connected with a global audience inRead More
Planning to de-register your limited company in Hong Kong? Though it is a hard decision to make, if you have decided to call it quits, you must follow the right procedure to close your Hong Kong company. Each limited company must be renewed every year after incorporation, no matter if your business is still operatingRead More
While running a small business in Hong Kong, keeping a tight grip on the finances is a good practice for achieving success. However, handling all the business finances can be a complicated and quite time-consuming task. Some small business find it challenging to cover all the business basics from paying the bills to tracking theRead More
When you start operating your company activities, you may hear the terms bookkeeping and accounting thrown around. There must be many times when you will also hear these two terms used almost interchangeably. However, there is a difference in bookkeeping and accounting in the business firm. Small businesses may have different functions in both areas,Read More
Over the years, Hong Kong has become an important destination for foreign investment and its thriving startup scene. It is expected that foreign investments in the business sector will continue to grow. For companies who want to have a presence in Asia with access to large markets and business advantages such as low taxation, formingRead More
Curious about how retirement plans work in Hong Kong? Or what the steps are for setting up a retirement savings plan for your company? Retirement plans are set up under a Mandatory Provident Fund in Hong Kong, introduced by the government in the early 2000s. This has led to the framework of retirement plans thatRead More
Starting a new international company with a good business idea can be an exciting time for new entrepreneurs. However, careful consideration and the final decision to start a trading company in Hong Kong requires a lot of research. Without understanding the procedure, the required licenses, and the benefits of operating an import/export business in HongRead More
Ever thought of internationalizing your business? In a bid to experience the maximum benefits of launching a business in Asia, entrepreneurs from around the world are looking to start an offshore company in Hong Kong. Starting a company in Hong Kong offers numerous opportunities and benefits to new startups, in the form of low taxes,Read More