The latest from China & Hong Kong

In Hong Kong’s fast-paced business world, effective financial management is crucial for success, not just an administrative duty....

In Hong Kong’s vibrant business scene, success for Small and Medium-sized Enterprises (SMEs) hinges on one crucial factor: maintaining...

As a Special Administrative Region (SAR) of China, Hong Kong enjoys a highly active and cooperative business relationship with the mainland. It serves as a leading conduit for foreign investment and a primary offshore capital-raising center. As one of the world’s largest IPO markets, Hong Kong is expected to attract more Chinese companies to list amid tensions between the US and China. Hong Kong’s geographic position enables businesses to easily tap into the various opportuni

Hong Kong is a dynamic international city serving as a primary gateway to Mainland China and Asia, and a hub for global and regional business. This makes it one of the most competitive and top international cities for companies, investors, and professionals. Market Advantages Hong Kong offers numerous market advantages, such as: An open, fair, and efficient business environment Competitive tax regime Excellent legal and dispute resolution services under the rule of law Proxim

The Hong Kong social insurance system’s primary objective is to address the fundamental and specific needs of community members requiring...

Hong Kong has increased the minimum hourly wage rate from HK$37.5 (US$4.8) to HK$40 (US$5.11). Employers must record the total number of...

Hong Kong's labor law provides a comprehensive framework governing the rights and responsibilities of employers and employees in the Special Administrative Region. Key Components The critical component is the Employment Ordinance, which outlines fundamental employment terms, including working hours, rest days, holidays, and termination procedures. It also addresses important issues such as wages, benefits, and maternity leave to ensure employee protection. The labor laws also

Hiring employees in Hong Kong must comply with the region’s key labor legislations, especially the Employment Ordinance, which is the...

Employment termination in Hong Kong follows specific regulations and practices designed to protect both employers and employees. An employment contract can be terminated in two ways: Termination by notice Immediate termination Immediate Termination An employer may terminate the contract without notice if the employee commits: Willful disobedience of a lawful and reasonable order Misconduct Fraud or dishonesty Habitual neglect of duties During the first month of a probation pe

A visa or entry permit is required for working, studying, establishing, or joining any business or residence in the Hong Kong SAR. However, individuals holding certain travel documents, such as the Hong Kong Special Administrative Region Passport or the British National (Overseas) Passport, do not require a visa or entry permit for any purpose. Employment Visas All foreign nationals must obtain a visa to work in Hong Kong. Securing a work visa can be challenging, as companies

All employees in Hong Kong are entitled to leave on statutory holidays, regardless of their length of service. Hong Kong’s Statutory Holidays in 2024: New Year’s Day (January 1): 1 day First three days of Lunar New Year (late January or early February): 3 days Ching Ming Festival (April 4): 1 day Labor Day (May 1): 1 day The Birthday of the Buddha (May 15): 1 day Tuen Ng Festival (June 10): 1 day Establishment of the Hong Kong SAR (July 1): 1 day The day following the Chinese

Effective financial management is crucial for the success of any small business or startup, especially in Hong Kong's dynamic market. Properly managing your finances prepares you to handle the ups and downs of entrepreneurship, and cloud accounting software can play a pivotal role. One of the best solutions available today is Xero. What is Xero Accounting Software? Xero is a cloud-based accounting software designed specifically for small businesses. Launched in 2006, Xero pro

In Hong Kong’s dynamic business world, excellent financial management is not just an administrative task; it’s crucial for success....

In Hong Kong’s dynamic business landscape, accurate financial record-keeping is essential for the success of Small and Medium-sized...

Hong Kong applies the same tax rules to resident and non-resident businesses. Both are required to pay taxes on profits earned in or...

The Inland Revenue (Amendment) (No. 6) Ordinance 2018 establishes a robust transfer pricing regime in Hong Kong. This ordinance codifies transfer pricing principles, implements measures under the Base Erosion and Profit Shifting (BEPS) package, and aligns Hong Kong's tax regulations with international standards. Fundamental Transfer Pricing Rules (FTPR) The Amendment Ordinance introduces fundamental transfer pricing rules (FTPR) based on the arm’s length principle. These rule

Nestled amidst the bustling streets and towering skyscrapers of Hong Kong lies a beacon of economic freedom and opportunity. For over two...

Individuals in Hong Kong are subject to salaries tax on their earnings, with rates varying from two percent to a maximum of 17 percent...

Property tax in Hong Kong is a crucial aspect of financial management for property owners, with implications for both individuals and...

In the dynamic business landscape of Hong Kong, understanding the intricacies of profits tax is essential for financial planning and...