The latest from China & Hong Kong

China has introduced a new tax incentive aimed at encouraging companies to invest in digital and smart upgrades of specific equipment....

The introduction of IFRS 18 has brought about significant changes that businesses must now incorporate into their financial reporting and...

On July 5, 2024, the Government of the Hong Kong Special Administrative Region implemented the Inland Revenue (Amendment) (Tax...

Hong Kong, as a global hub for trade and commerce, plays a significant role in the fashion industry, particularly in the manufacturing...

Three-dimensional trademarks have become increasingly significant as a means for companies to distinguish their brands with unique shapes...

Hong Kong, one of Asia’s most dynamic business hubs, offers an attractive investment visa scheme for foreign entrepreneurs and investors looking to establish or join businesses in the region. Governed under the General Employment Policy (GEP), the investment visa is intended for individuals who plan to actively contribute to Hong Kong’s economy through genuine business activities. This article provides an expert yet accessible overview of the requirements to apply for an inve

Understanding China's laws and regulations regarding human resources and payroll management is crucial for foreign investors establishing or operating foreign-invested entities in the country. In general, companies from anywhere in the world can employ a Chinese national to work physically within China. However, the employment contract will only be governed by Chinese legislation if it is established through an invested entity on the Chinese mainland. Hiring Options One of th

Since 2018, China has been trialing the Entrepreneur Visa (创业签证), officially known as the 'Private Residence Permit (Entrepreneurship) Visa'. By 2021, this visa became available in Shenzhen. Its purpose is to attract and encourage skilled entrepreneurs to start new businesses in China. This visa allows foreigners to live in China while legally conducting business activities such as market research, securing office space, hiring staff, and handling various administrative tasks

Statutory annual leave in China is determined by an employee's total work tenure, not just their time with the current employer. The...

Navigating the complexities of withholding tax in China is essential for non-resident enterprises engaging in business within the...

Transfer pricing is a key international tax issue that significantly impacts many businesses, particularly multinational corporations. In...

Financial incentives play a crucial role in business decisions, sometimes even determining whether an international company will enter...

Individual Income Tax (IIT) applies to all individuals, both Chinese and foreign nationals, who live in China or earn income from China....

Despite its rapid urbanisation in recent decades, China remains one of the few countries without a comprehensive recurrent tax on...

A work visa is designed for foreigners who wish to work legally in Hong Kong. This visa does not apply to residents of Mainland China,...

Employers in Hong Kong must be familiar with local labour laws to ensure compliance and create a supportive work environment. Understanding employee benefits is a key part of this, as Hong Kong mandates several statutory benefits to protect employees' rights and well-being. Beyond these required benefits, employers often provide additional perks to attract and retain top talent. Mandatory Employee Benefits in Hong Kong In Hong Kong, mandatory employee benefits, also known as

Employment and labour laws in Hong Kong, including leave policies, are primarily governed by The Employment Ordinance. This ordinance establishes essential employment principles such as wage payments, wage deduction restrictions, guaranteed holidays, and working hours. It also addresses other significant aspects of the employee-employer relationship to ensure fair working conditions. Employees in Hong Kong are entitled to 7-14 days of annual leave after completing 12 months o

In Hong Kong, standard working hours typically range from 40 to 48 hours per week. In certain lower-skilled industries, it's not uncommon for employees to work up to 60 hours per week. According to 2019 data, the average working week is around 42 hours. Legislation concerning working hours primarily applies to children (aged 13 to 15) and young people (aged 15 to 18), limiting their work to a maximum of eight hours a day or 48 hours a week in industrial settings. What are the

Hong Kong is an attractive destination for foreign investment due to its low and competitive tax system, free market economy, dynamic...

If you're planning to start or expand a business in Hong Kong, it's crucial to ensure compliance with labour laws, especially regarding...