Openness for Greater Prosperity, Innovation for a Better Future
Directive from Chinese president to state agencies comes as China's quest to dominate hi-tech industries faces pushback from governments around the world.

At the end of March 2018, a professional cross-border investment cooperation seminar organized by the Hong Kong Trade Development Council was held in Tianjin and Qingdao, attracting more than 500 local government and corporate representatives.

Hong Kong is within a four-hour radius by air to most other major Asian cities and more than a quarter of the entire global population, making it an ideal location for regional headquarters.

Hong Kong is renowned for being an easy place to set up a business. In under a week, and for few hundred US dollars, your company can be up and running. Importantly, the same rules apply to local and overseas companies.

Hong Kong boasts one of the lowest tax rates in the world. Only income or sales sourced in Hong Kong is taxable. Then, the corporate income is not taxable if the said income earning activities are performed wholly outside Hong Kong.

Every company registered in Hong Kong must maintain proper accounting records and these records can be kept outside Hong Kong. However, records sufficient to enable a profit and loss account and balance sheet to be prepared should be sent and kept in Hong Kong.

The legal system of the Hong Kong Special Administrative Region (HKSAR) is based on the rule of law and the independence of the judiciary.

The Employment Ordinance applies to every employee engaged under a contract of employment in Hong Kong with only a few minor exceptions; for example, in relation to family members employed in family businesses, and to merchant seamen. The Employment Ordinance applies equally to locals and foreign nationals working in Hong Kong.

Once a company has decided to pursue a listing, it must also consider a suitable market on which to list its shares. Hong Kong is the market of choice in Asia for companies seeking to go Asia or worldwide and raise funds.

Common Reporting Standard (CRS) in Hong Kong
CRS is an initiative by the G20 and Organization for Economic Co-operation and Development (OECD) aimed at detecting and deterring tax evasion by taxpayers through the use of offshore accounts. Jurisdictions that commit to the CRS must adopt its requirements via local legislation and/or guidance.
Company Establishment in China
China has traditionally had very good trade and investment relations with many regions of the world, and the world continues to take a great interest in China's economy.
European Companies selling products & services to China
The most successful global consumer enterprises are radically reshaping their organizations and business models to suit the global rapidly evolving high-growth markets. China's emerging economies are leading the world out of recession, and the global consumers are taking the baton from their overextended counterparts in developed countries.
M&A in China - Asset Deal
An asset acquisition in China is the purchase of a company by buying its assets instead of its shares. In China, an asset acquisition may also involve an assumption of certain liabilities; however, because the parties can bargain over which assets will be acquired and which liabilities will be assumed, the transaction form can be far more flexible in its structure and outcome than a merger, combination or shares purchase.
M&A in China - Share Deal
A share purchase is conceptually very straightforward; the buyer simply purchases the outstanding stock of target company directly from the stockholders. The name of your company, operations, contracts, etc. All remain in place, just with new owners.

 

China's taxation system includes a wide range of imposts on businesses and individuals including income taxes (corporate income tax and individual income tax), turnover taxes (value added tax, business tax and consumption tax),

Many companies have put old fears of borrowing in a lackluster economy behind, seemingly replacing them with new fears of missing out on the lowest interest rates in generations.With interest rates set to rise in coming years, companies are eager to lock in cheap debt.

In 2016 since the start of this year, is only just five months, the Chinese electrical appliances enterprise overseas m&a has emerged."Beauty", "haier" and "hisense", in just five months in succession to overseas mergers and acquisitions, accelerate the increasing international market share, product technology, advanced management, and brand awareness.The Chinese electrical appliances enterprises such as haier, hisense, sun are invested to expand overseas.According to Thomson Reuters data, since 2014, the Chinese enterprises have invested more than $31 billion to expand overseas trade, is almost $5.4 billion between 2010 and 2013, nearly six times.

LONDON (Reuters) - Amazon.com 's main UK business paid $2.3 million pounds of taxes on its 2012 income, it said on Wednesday, despite group UK sales of $4 billion pounds, prompting criticism from lawmakers and competitors.

Hong Kong mints millionaires faster than any of the world’s other from top 25 economic powerhouses, according to a new survey on the rich by Capgemini and RBC Wealth Management. But the Capgemini /RBC report says Hong Kong is a particularly fertile place for millionaires.

   
Hong Kong Company requires preparing financial statement annually under new company law 2014
Are all Hong Kong companies required to prepare a financial statement annually?The director of the Hong Kong is/are also required to prepare annual financial statements and arranged to have such audited financial statement at every annual general shareholder meeting to be held within 9 months from the end of the accounting period covered by the audited accounts.

Nominee Individual director, corporate director and corporate shareholder company structure allow the confidentiality and assist with global trading, servicing, investment and asset holding. Our nominee shareholder is a company holding shares in a Hong Kong company for the ownership and interest of benefices owner. The role of our nominee director is passive and stated in the public assess record and fulfill statutory obligation.

The individual nominee director under nominee structure is being review by the Majority of Hong Kong Banker since year 2014 to ensure the legal compliance. The company unable to appoint individual nominee director under nominee structure is likely rejected by the Hong Kong Banker.

Company carrying on business in Hong Kong is obliged to file Form IR56B for all its employees, irrespective whether the employee rendered services in or outside Hong Kong, so long as their total income exceeded the limit as laid down in Note 1(a) of Notes and Instructions for forms BIR56A and IR56B. You may provide additional information in the remarks column (item 14 of the Form IR56B); e.g. the employee stationed in the Shanghai office and had visited Hong Kong for less than a total of 60 days during the relevant year of assessment.

If you are about to travel to Hong Kong for work or have already arrived, you should find out about your tax obligations. Salaries tax is payable on all income arising in or derived from an office or employment in Hong Kong, and the year of assessment runs from 1 April to 31 March.

From time to time, some of our oversea clients acquire Hong Kong aged companies incorporated in year of 2013, 2012, 2011 or even older. This may be required when a business need a formal history going back for prestigious purpose or due to some legal requirement. Acquisition of aged company creates corporate credit profiles and assists you with building business credit so that you can open credit lines for your aged company.

There are a number of visa options for people seeking to conduct short business visits, establish a business in Hong Kong, manage a new or existing business, or invest in Hong Kong.

Global CPA assisting the foreigner Company to implement and run a Profit Center in Asia. Furthermore it will demonstrate the additional tax advantages of setting up a Profit Center in Hong Kong.