Do I need to follow any guidelines when opening a franchise in Hong Kong?
While not mandatory, the Hong Kong Franchise Association (HKFA) has a Code of Ethics that encourages transparent practices between franchisors and franchisees.
What should I consider before purchasing a franchise in Hong Kong?
Evaluate your financial capacity, staffing plans, income goals, and lifestyle preferences. Hong Kong consumers prefer upscale, innovative, and niche brand offerings, so consider market trends.
If I’m considering renting a property, how can I ensure that I do not fall victim to scams?
To safeguard yourself, the Land Registry offers a "Land Search" service accessible to the public. Through this service, you can verify the ownership details of any property in Hong Kong. It is [...]
How can I ensure that I do not fall victim to scams when I’m using a real estate agent or a solicitor firm to help me with the rental process?
If you're working with an estate agent or have engaged a solicitor firm, they typically have a responsibility to ensure your interests are protected. As part of their duty, they should [...]
What are the implications when a landlord asks the lessee/ tenant to sign a documents such as “agreement for lease” or “provisional tenancy agreement” before formalizing a tenancy agreement or lease?
The "agreement for lease" or "provisional tenancy agreement" serves as a preliminary step that an intending landlord and an intending tenant can take before finalizing the actual lease or tenancy agreement. Upon [...]
What legal requirements must a lease agreement or tenancy agreement satisfy to be considered valid?
Just like any other contract, a lease agreement or tenancy agreement must meet specific criteria, such as offer, acceptance, consideration intention to be legally bound and more. Certain key details must be [...]
What happens if one party “agreement for lease” or “provisional tenancy agreement” but later refuses to sign the formal lease or tenancy agreement?
When the agreement for lease/provisional tenancy agreement is signed and one party refuses to sign the final lease or tenancy agreement, the other party can seek legal action applying for an [...]
As a foreigner, do I need a Hong Kong Bank account before signing a rent agreement?
When engaging in lease negotiations, tenants are required to hold a Hong Kong-based bank account, a process that often involves a certain duration for setup. Given that landlords usually request an upfront [...]
What are the implications of ending a partnership?
If a partnership is dissolved, partners should follow the dissolution procedures outlined in the partnership agreement. Debts and obligations should be settled, assets distributed, and necessary notifications made to relevant authorities. [...]
How is taxation handled in a partnership?
In Hong Kong, partnerships themselves are not taxed. Instead, partners are individually responsible for reporting their share of partnership income on their personal tax returns.