With an open economy, multiple entry models and an easy tax system, Hong Kong is still one of the top destinations for business all over the world. Check the following video prepared by Spartanhack and CW Spain Desk and learn more about the advantages of Hong Kong for your expansion in Asia. (Content available in…

Written by May Ly, Corporate Secretarial team, CW CPA   According to the World Bank’s Doing Business 2019 Report released on 31 Oct 2018, Hong Kong is ranked 4th globally on the ease of doing business. Apart from being one of the most competitive economies in the world, Hong Kong has maintained its position among…

Written by Luz Deneb Martinez, LAS team, CW CPA    You may have experienced this in person: trying to open a corporate bank account in Hong Kong but receiving endless requests and questions from the bank. Over the past years, the account opening process has undergone major changes, with the purpose of enforcing laws on…

CW CPA welcomes Hong Kong budget for Fiscal Year 2018-19 On 28 February 2018, the first budget under the new government led by HKSAR Chief Executive Carrie Lam was delivered by the Financial Secretary Paul MP Chan. The 2018-19 budget carries three main objectives: achieving diversified economy, investing for the future, and caring and sharing….

From March 1, 2018, all Hong Kong Companies except Companies listed in Hong Kong will be required to keep and maintain an up-to-date beneficial ownership information in a Significant Controllers Register (“SCR”). The purpose of this Ordinance is to enhance the transparency of company ownership and control in order to reflect the government has already…

Delivery of annual returns by companies limited by guarantee under the Companies Ordinance Pursuant to the new Companies Ordinance that came into force in 2014, a company limited by guarantee must, for every financial year, submit an annual return with the certified true copies of the relevant financial statements to the Registrar of Companies for…

Do you have a BVI company? Pay attention to the new BOSS Act! Beneficial Ownership Secure Search System Act 2017 The Beneficial Ownership Secure Search System Act came into force in June 2017. This Act is to establish a secure search system to facilitate the effective and efficient storage as well as retrieval of beneficial…

© 2018 CW CPA. All rights reserved.