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Reserve Director and Alternate Director

Setting up a private company limited by shares is the first step of starting a business in Hong Kong. If you are the director and the shareholder of your new company on draft, you have to be aware of the particular positions of your company, namely as Reserve Director and Alternate Director. Let’s have a look at their functional characteristics.

Hong Kong Profit Tax Return Filing - Block Extension

Jun 21, 2020
Hong Kong Inland Revenue Department has announced a extended due date for 'D' code profit tax returns filing, to allow more time for tax payers' preparation.

Advantages of a Limited Company

Jun 21, 2020
Most small to medium sized companies in Hong Kong are set up as 'private companies limited by shares' and are commonly referred to as 'private limited companies'. It is often chosen over other forms of business entities like sole proprietorships and partnerships owing to its many benefits. ​

Relief Measures under the Anti-epidemic Fund - Profits Tax Exemptions

Jun 21, 2020
The Exemption from Profits Tax (Anti-epidemic Fund) Order ("the Exemption Order") comes into operation on 29 May 2020.

Relief Measures under the Anti-epidemic Fund - Salaries Tax Exemptions

Jun 21, 2020
The Exemption from Salaries Tax (Anti-epidemic Fund) Order ("the Exemption Order") comes into operation on 29 May 2020.

Hong Kong Government Introduced Two-tiered Profits Tax regime

Jun 21, 2020
The Inland Revenue (Amendment) (No. 7) Bill 2017 (Profits Tax bill) was gazetted (click here), thereby introducing a two-tiered profits tax rate regime.
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