In Hong Kong, no one who applies for the Social Security Allowance Scheme is forced to provide any documents unless otherwise stated by the authorities. Similarly, there is neither a specific document [...]
In Hong Kong, foreigners are allowed to receive dividend payments. Dividend payments which have been received by foreigners who are in Hong Kong are not subject to any taxation. This is true [...]
Not every company based in Hong Kong is required to pay dividends. This is because companies are only expected to pay dividends when certain circumstances surrounding the company are evident. However, legal [...]
The overall revenue of the company plays an important role in determining the amount of dividend money it is to pay. This is because any of the company’s net profits earned through [...]
Dormant companies have not been permanently closed. Dormant companies are companies which are on a hiatus from all accounting transactions for one fiscal year or longer. For this reason, dormant companies may [...]
Dormant companies are not taxed because during the period for which they are dormant, they do not carry out any accounting transactions that can be taxed. A dormant company may only be [...]
The owner of a company does not necessarily suffer after the company becomes dormant. However, the primary disadvantage that the owner and the company might suffer from is the fact that the [...]
If a company does not have a company constitution, then the company, directors, and shareholders will have their rights, powers, duties, and obligations assigned according to the corporate laws of Hong Kong. [...]
Company constitutions are legal documents which are binding on all members of a company. They are to contain rules governing the relationship between, and activities of, the company and its shareholders. In [...]
Hong Kong has extensive network of double taxation agreements with many different countries and territories all over the world. These double taxation agreements have helped Hong Kong strengthen its position as an [...]