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The Mandatory Role of Company Secretary in Hong Kong Companies

When venturing into the business landscape of Hong Kong, aspiring entrepreneurs encounter a crucial requirement: the appointment of a company secretary. This mandatory position holds significant importance, ensuring not only compliance with legal obligations but also serving as a vital link between the company and Hong Kong’s regulatory framework. Let’s delve into the reasons why...

Understanding the Significance of the Significant Controllers Register (SCR) for Hong Kong Companies

In the ever-evolving landscape of corporate governance, Hong Kong companies face new obligations under the Company (Amendment) Ordinance 2018. Since March 1, 2018, every Hong Kong company has been mandated to establish and maintain a Significant Controllers Register (SCR) and appoint at least one designated representative. This requirement serves a vital purpose in enhancing transparency...

Understanding the Differences Between Deregistration and Dormant Company Status in Hong Kong

Hong Kong provides businesses with flexible options when it comes to managing their company’s status. Two common approaches for companies that are not actively trading are deregistration and obtaining dormant company status. Each has distinct advantages and requirements. Let’s delve into the specifics of both processes to better understand their differences.   Deregistration in Hong...

Exploring the Benefits of Offshore Companies in Hong Kong

Establishing an offshore company in Hong Kong offers unparalleled advantages, making it an attractive option for entrepreneurs seeking international business opportunities. The city’s straightforward regulations and fiscal benefits make it a hotspot for offshore company formation. Here’s an in-depth look at the benefits and essential considerations when setting up an offshore company in Hong Kong....

Unveiling the Essentials of Employee Compensation Insurance in Hong Kong

Employee Compensation (EC) insurance is not just another item on your business checklist—it’s a legal requirement for all registered companies in Hong Kong, including your employees. In this comprehensive guide, we will navigate the critical facets of Employee Compensation insurance, shedding light on its definition, eligibility, coverage, costs, limits, and the undeniable importance it holds...

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