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Big news for Hong Kong! Sheung Wan was recently listed among the world’s “coolest neighbourhoods” by Time Out! And guess what? That’s exactly where Startupr Hong Kong calls home. It’s no coincidence that we’re right in the centre of this vibrant district. Sheung Wan’s mix of heritage, creative energy, and entrepreneurial buzz perfectly mirrors how
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Running and establishing a business in Hong Kong is not only a fabulous idea but also requires guidance by local standards. Private limited companies are required to meet various Hong Kong company annual requirements in order to remain compliant with the authorities. Compliance not only keeps you out of fines and legal problems but also
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The sharing economy in Hong Kong, a model that allows the use of a specific asset for a different amount of time rather than owning it exclusively, is a beacon of innovation for business-minded individuals with limited capital. This model, which focuses on sharing access to physical assets and peer-to-peer exchanges, has revolutionized the business
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Many entrepreneurs in Hong Kong face requests to have their company documents certified. Banks, international organizations, regulators, and authorities often require proof that the submitted documents are legitimate and reliable. However, many people are often confused about the distinction between the certification provided by a CPA (Certified Public Accountant) and the notarization provided by a
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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.
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As a company that has grown alongside the private equity (PE) market over the last 17 years, Startupr has closely observed the increasing liquidity constraints faced by investors in this asset class. Currently, 78% of PE firms are holding assets beyond their typical investment horizon. These challenges are not expected to ease any time soon.
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Your brand is your greatest asset. But what happens when you take it abroad? Your IP strategy may be lost without a strong one. When you expand your business globally, there is a significant need to protect your intellectual property (IP). Patent protection, trademarks, copyrights, and trade secrets are not mere options; they are measures
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Hong Kong remains one of the best places to start a business in the world. The strong banking system combined with a solid legal framework makes Hong Kong a very safe place to start a business. Business operations are quite highly efficient and safe owing to the financial sector in Hong Kong. Stripe has proven
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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. As
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Singapore Standard Industrial Classification Codes or SSIC Codes are the backbone of Singapore’s business landscape. SSIC codes are used across industries to classify and categorize businesses, which helps government agencies, investors, and owners of companies navigate the labyrinth of regulatory requirements, market analysis, and strategic planning. For any business operating within Singapore, from startups and
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The company secretary plays a central role in ensuring that Hong Kong firms comply with the stringent laws in the city, as stipulated by the Companies Ordinance. A secretary is a compliance partner in the making of long-term success by far more than simply filing annual returns and keeping company records. A secretary also provides
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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). Read more in our guide.
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A business becomes successful when several factors align at the right place. One such important factor is capital. Entrepreneurs need capital to launch and grow their businesses. Innovative ideas cannot exist until there is capital to implement them. Every business requires funds for various business operations such as marketing, equipment, utilities, and many more. The
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Winding up a company in Hong Kong is an important legal step that needs to be done properly. Businesses need to understand that there is no single process that is suitable for all situations. The Companies Ordinance has two distinct procedures for closing a company. These methods include Company Deregistration Hong Kong and Company Liquidation
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Is your startup struggling to meet the needs of investors scattered across the globe? Such problems are common when your investors are from entirely different jurisdictions, such as the USA and Hong Kong. For instance, in the US, the capital gains tax rate depends on both the income level and the holding period; however, Hong
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Planning to launch a successful clothing brand in today’s competitive Hong Kong market? Read this article till the end. Fashion has always been a significant part of Hong Kong’s culture. This has given rise to fashion entrepreneurship and opened the market for new-age clothing brands. Launching a profitable clothing company in Hong Kong requires a
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What is the best way for a small business to deliver its message directly to its audience? Email marketing is crucial for advertising products and services, generating leads, driving sales, and building relationships for a small business. Direct email can be done with the help of an advanced email list management tool. It is a
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Hong Kong has become one of the most significant centres of technology. As the pace of technological development continues, Hong Kong is implementing new technologies to launch and operate businesses. One such significant development is Artificial Intelligence (AI). Its ability to adopt rising technologies like AI makes it the perfect location to start an AI business.
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If you own a business in Hong Kong and want to incorporate QR codes in business operations, then you have reached the perfect place. Discover a practical guide to help you leverage QR codes in your Hong Kong business. This article explains how to use QR codes in Hong Kong and the benefits of QR
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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 a
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Hong Kong offers a fairground for all sorts of businesses. Hong Kong businesses need to focus on their financial management to enhance the sustainability of the company, which depends on effective cash flow management. Cash flow is a major factor that requires significant effort to manage effectively. Cash flow plays a vital role in the
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Tax compliance in Hong Kong is crucial to avoid legal issues, hefty fines, and potential business deregistration. Staying compliant ensures smooth operations, peace of mind, and builds a strong business reputation. In this article, we’ll briefly cover the importance of compliance, penalties for tax evasion, and practical strategies to help you stay on the right
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Confirmation of your address in Hong Kong is crucial for various reasons in the city. Opening a banking account, registering a company, applying for a visa, or accessing government services all require proof of address. This article will take you into the details of Hong Kong address verification. If you are wondering how to get
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As the Hong Kong business environment evolves, sellers move online to sell their products. Hong Kong sellers use a variety of online platforms to sell their products, but one of the most widely used platforms is Hong Kong Amazon. They capitalize on Amazon’s global reach to tap into a larger consumer base. Amazon enables sellers
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Hong Kong vs. Singapore? This is a very common question asked by many investors and entrepreneurs when entering the Asian market. Hong Kong and Singapore are two leading business hubs in Asia. They offer a wide range of resources necessary to start a business successfully. That is why they attract entrepreneurs from all parts of
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The concept of leadership holds utmost priority in organizational success, as it provides a sense of direction to business operations and enables them to fulfill their objectives. Hong Kong has a highly dynamic business environment, making understanding leadership styles crucial. Hong Kong direction is a combination of various styles, which allows businesses to adapt to
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Hong Kong is one of the best locations to establish a successful business, making it a global business hub. Moreover, hiring foreign employee can help Hong Kong businesses expand their reach and tap into the global landscape. Indeed, the dynamic business environment, world-class infrastructure, and excellent connectivity make Hong Kong the perfect place to start
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If you own a registered Hong Kong business, it is your responsibility to comply with the ongoing regulatory requirements. Once you register a company in Hong Kong, you are required to comply with the relevant corporate regulations of the authorities. One such important compliance requirement is obtaining a Certificate of Continuing Registration (CCR). The Hong
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Hong Kong is one of the most beneficial places for establishing a business. Its reputation as a global business hub makes it perfect for starting a successful business. Starting a business involves a wide variety of steps, such as business name registration in Hong Kong, compliance, and management. Selecting the most suitable name for your
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Hong Kong is considered one of the top locations for starting a business. Its strategic location, business-friendly environment, robust legal framework, developed infrastructure, and world-class connectivity make it a prime destination for businesses. The most important reason Hong Kong is one of the best places to establish Small and Medium Enterprises (SMEs) is its tax
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Hong Kong has recently unveiled its fiscal year 2025/26 budget. The Financial Secretary of the Hong Kong Special Administrative Region (SAR), Paul Chan, released the government budget for the fiscal year 2025-26 on 26th February 2025. The Hong Kong budget 2025/2026 aims to position the city at the top of the global business charts. The budget has
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Establishing a business in Hong Kong requires you to fulfill various requirements. One such essential requirement is having a registered address for business registration. A company’s registered address in Hong Kong is the official address of a company in the records of the Companies Registry. It is the address where the company’s statutory records are
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Hong Kong has one of the world’s most transparent and business-friendly landscapes. This has been achieved by introducing the Significant Controller Register (SCR) under the Companies Ordinance (Cap. 622). The Significant Controllers Register Hong Kong came into effect on 1st March 2018 to combat the misuse of company structures such as terrorist funding or tax
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Hong Kong’s economic system is a thriving international business hub because its trade operations accounted for 384% of its GDP in 2022. The services sector functions at the core of Hong Kong’s economic operations since it yields more than 90% of the GDP contribution. Hong Kong occupies the 10th spot among global merchandise exporters during
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Hong Kong is home to some of the world’s most successful and innovative technology companies. Many of these tech-based companies have brought huge changes to the market. However, with investments in them, they have grown in the Hong Kong market over the past year. You must be wondering: Who are the leading tech innovators in Hong
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Startupr Hong Kong Limited is thrilled to announce that we have been honored with a Certificate of Appreciation from PayPal! Indeed, this prestigious recognition underscores our strong partnership and shared commitment to supporting the growth and success of businesses in Hong Kong. At Startupr, our mission has always been to find the most effective and
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In a landscape where U.S.-Hong Kong business relations are thriving with American investments in Hong Kong reaching HK$138.8 billion in value-added for 2022 alone, 409A valuations have become a critical consideration for Hong Kong businesses with American operations. As U.S. companies expand in Hong Kong, growing from 34 new firms in 2023 to 52 in
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Hong Kong is listed among the most profitable locations to start a business. Establishing a business and running it successfully are two different tasks. Several operations are associated with running a business successfully. Managing the finances is one of those operations which is a very tedious job in a business. However, if you have a
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Every Hong Kong company must maintain an official registered address to receive crucial legal and government documents. Situations arise where a business needs to execute a change of registered address, such as consolidating multiple company locations or relocating the business. This article provides a clear, step-by-step guide of changing your Hong Kong Company’s Registered Address,
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The three-tier banking framework, one of the most recognizable features of Hong Kong’s banking system, classifies banks into three categories: licensed banks, restricted licensed banks, and deposit-taking companies. The system ensures financial stability, reduces risks, and supports various banking needs. The first question that might come to mind is why Hong Kong uses a three-tier
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For an effective working environment in Hong Kong, businesses must comply with regulations, and obtaining the necessary Hong Kong License is a key requirement. One of these eminent requirements is that of business licensing. A thorough insight into the licensing of companies in Hong Kong is essential for anyone intending to set up a business or expand
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Hong Kong has always been an entrepreneurial hub. Entrepreneurs from all around the world are interested in starting a business in Hong Kong. Therefore, it is one of the most attractive destinations for company formation. Hong Kong offers all the resources needed to set up a successful business. There are various benefits of setting up
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Hong Kong has always been a top priority when founders consider starting a business. Generally, this happens because of the strategic location, business-friendly environment, robust legal framework, low tax rates, and world-class infrastructure. Therefore, Hong Kong is a prominent destination for starting a business. Investors and entrepreneurs from all around the world are seeking to
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Understanding and protecting your Intellectual Property in Hong Kong is essential for any business operating in this dynamic city. Entrepreneurs, startups, and MNCs are attracted to setting up businesses there. And why not? Hong Kong is a place for innovation because of its strategic location, business-friendly environment, and simple tax system. These factors strengthen Hong
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Update: March 2025 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
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Last update: March 2025 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 MNCs
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Corporate governance plays a crucial role in the smooth functioning and compliance of a business. A Hong Kong business has to deal with a wide variety of operations, making it hectic for a single entity to manage it. Therefore, to make sure the company complies with all the regulations, businesses can appoint corporate secretaries and
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Last update: February 2025 Are you looking for a new company chop (stamp), or wondering what it is and where to get it? Or are you having doubts about whether you should order a company stamp in Hong Kong or not? This article will clarify all your questions related to the company seal in Hong
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Hong Kong operates as an international business hub, delivering worldwide investment opportunities. International investment and trade create an issue where business operations suffer double taxation. A taxable business entity gets taxed twice due to double taxation rules. Hong Kong established Double Taxation Agreements (DTAs) to solve this problem. The double taxation agreements operate under the
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Recordkeeping in Hong Kong plays a vital role in the smooth functioning of a business. It acts as a backbone for a successful business. It is not only essential for business operations but also crucial from a legal perspective. Businesses here are required to maintain company records. You must keep accurate records if you operate
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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 pay invoice Hong Kong on time. In Hong Kong, an invoice must include certain information in order to be valid. This
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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. Dividend payments are the portion of the profit that the company chooses to distribute and reward their shareholders with — those who have invested in the company. So,
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Over the past decade, the digital payments landscape in Hong Kong has grown at a high pace. The changes in the landscape are expected to boom and advance in 2025 and beyond. Digital payments rapidly transform how we transact with AI, blockchain, and other technologies. It drives innovation and shapes the future of commerce, which
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Startupr is proud to announce that we have been awarded the Greatest Growth Award 2024 by Airwallex! This recognition underscores our dedication to delivering exceptional value to our clients by leveraging innovative partnerships, such as our collaboration with Airwallex. Startuprs is always looking for better business ways for his clients During the past 14 years,
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Hong Kong is renowned for its simple and competitive tax system. This city has one of the lowest tax rates. It attracts both local and international talent to operate in Hong Kong. However, businesses and individuals need to stay on top of the tax filing deadlines. Understanding the different Hong Kong’s 2025 Tax is critical for
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Want to understand employee insurance in Hong Kong? 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
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Are you ready to incorporate your business in this dynamic Hong Kong market? This guide will equip you with essential information to successfully incorporate your company. The pre-incorporation stage is crucial, filled with decisions shaping your business’s future. During this period, careful planning and secrecy are key to avoiding industrial espionage and ensuring smooth post-acquisition
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For the growth of any business in Hong Kong, a fiscal year, which typically spans 12 months, plays an important role. During this period, a company tracks its financial performance, prepares annual accounts, and pays taxes. Every business in Hong Kong uses a fiscal year, often known as a financial year, for accounting, preparation of
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Last update: January 2025 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 their shares, or the company decides to transfer a share among existing shareholders, they
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Certain situations might arise in a company when making changes becomes important. Therefore, company restructuring is the best option to rebrand and re-establish your company. Restructuring is an important step in adapting to changing market dynamics, improving profitability, and addressing operational inefficiencies. For instance, HSBC, a global banking giant headquartered in Hong Kong, has restructured
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Businesses in Hong Kong are increasingly integrating physical and digital retail experiences. While incorporating offline elements such as pop-up stores, the O2O model enables companies to operate online around the clock. Approximately 78% of merchants perceive this as a competitive advantage. It is also interesting to note that Hong Kong is ranked among some of
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The Hong Kong economy is counted among the top economies in the world and is expected to grow even bigger in the coming years. The year 2024 posed some problems but also opportunities for the Hong Kong economy. It has undergone a few transformations, which have created numerous opportunities for investors and businesspeople. The post-war
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Being an exceptionally vibrant and dynamic place, Hong Kong ranks among the world’s top financial hubs. Strategically placed, well-equipped with ultra-modern infrastructure, and with an open system of law, it has proved to be an attractive destination for businesses and investors. However, its sophisticated bureaucracy and landscapes in administrative tasks uniquely challenge investors and new
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The gastronomy industry in Hong Kong is thriving at a quick rate. High cultural diversity and creative culinary techniques have transformed this city to accommodate thousands of food-serving houses, from street sellers to Michelin-star restaurants. But behind this success story is the tough requirement of licensing regulation for opening a restaurant in the city. Obtaining
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Growth and profit are major concerns for many entrepreneurs, and globalization is a potent tool for achieving both. Expanding a business into other markets, or globalization, presents significant chances for long-term corporate stability, diverse revenue streams, and expanded market reach. Entering new markets can improve a company’s competitiveness and resilience, which can also bring cultural
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Increased internet usage was one of the major factors that led to digitalization in Hong Kong’s huge success. At the beginning of 2024, Internet penetration for the country stood at 95.6 percent. The number of Internet users in Hong Kong at the start of the year was 7.17 million. The more people have access to the
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Hong Kong is indeed one of the best places in the world when it comes to finance. Investors and entrepreneurs from all corners of the world are interested in funding Hong Kong’s financial sector. The fact that Hong Kong has a strong banking system and strict control of the market rules makes the city the
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The Hong Kong property market is currently among the largest in the world. There are ample support infrastructures efficiently integrated to integrate technology and innovative ideas, making Hong Kong’s real estate market a home for thousands of global investors and business personalities. Furthermore, Hong Kong’s real estate market is highly dynamic. It has a robust
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Hong Kong deserves to be one of the most lucrative places on the planet. Hong Kong attracts people in business and investors from all over the world to invest in the financial sector due to its importance on the international level. Advances in digital technology have called for many changes in Hong Kong’s financial industry.
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Notably, the recent years have been quite fruitful for the technological business in Hong Kong. Due to establishing communication systems and hierarchical technologies, upgrading infrastructures, and adopting sophisticated technologies internationally, Hong Kong is now among the world’s most well-known IT hubs. In addition, government support as a fruitful contributor to the technological advancement of Hong
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Hong Kong is one of the greatest locations for businesses and evolving markets. It offers everything that is needed to build a strong industry. This has resulted in making Hong Kong a global financial hub. It has shown support for various budding ideas, such as cryptocurrency. The past few years have been highly positive for
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Thousands of people dream of having their own business, and only a few can fulfill that dream. This is because they follow the correct path and focus on the steps they are taking. If you also aspire to start a business, then you cannot have a better place than Hong Kong. It is very exciting
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Hong Kong is well known for its dynamic market worldwide. People establish their businesses in Hong Kong and enjoy its benefits. Hong Kong has a highly demanding work culture in which employees are forced to work a little longer than the average global work time. They also have fewer annual leaves in comparison to other
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Starting a business in Hong Kong is the dream of thousands of entrepreneurs from all around the world. As a global business hub, starting a business in Hong Kong can be extremely easy and profitable. Most importantly, due to its favorable tax policies, Hong Kong is counted among the tax havens for entrepreneurs and investors.
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Starting a business in Hong Kong is a dream for thousands of entrepreneurs. The business landscape it offers, the quality of the market, and the growth opportunities it provides to startups make Hong Kong one of the best places to establish a startup. Hong Kong has a dynamic landscape for early-age startups which creates new
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Hong Kong has always been a place of interest for entrepreneurs and investors. It has always been an important location for business and trade. In continuation to this, the past few years have been highly positive for the startup ecosystem in Hong Kong. The startup landscape has experienced a rapid surge in these years and
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The last two years have not been so good in terms of the global economy, but this year is estimated to show better results than the previous two years. The International Monetary Fund forecasted that the worldwide growth rate in 2024 will be around 3.1%. Although it is less than the average growth rate between
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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. Hong
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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 social
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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 the
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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 the
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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 be
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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 to
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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 those
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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 place
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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 allows
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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 as
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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 and
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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 position
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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 your
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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.
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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 and
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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.
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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 healthy
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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 one
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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, China
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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 Revenue
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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 your
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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 used
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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. Small
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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.
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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 to
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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,
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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. Business
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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 the
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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 to
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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 Hong
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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 to
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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 breaking
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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 to
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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 its
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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 in
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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,
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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 as
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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 is
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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 to
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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 business
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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 the
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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 6th
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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 Good
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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 is
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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 –
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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. Start
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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 our
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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 and
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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.
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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 excellent
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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 about
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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.
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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 is
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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 your
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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 Hong
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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 the
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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,
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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 best
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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 Hong
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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 are
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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 mainland
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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 bit
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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 right
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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 of
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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 table
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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 the
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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 is
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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, you
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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 for
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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 open
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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, it
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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 personal
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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 starting
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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.
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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 leading
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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 in
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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 operating
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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 the
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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,
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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, forming
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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 that
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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 Hong
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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,
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