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Dormant Company vs. Closing Company – What should I do for my Hong Kong company?

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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Quickbooks vs. Xero – Which is better for your Hong Kong Business?

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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Difference Between Bookkeeping & Accounting in Hong Kong Business

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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Hong Kong Holding Company Formation

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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How do I set up an MPF for my Hong Kong Company?

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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How do I start a trading company in Hong Kong?

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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How to start an offshore company in Hong Kong

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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