Categories

Is audit compulsory to a Hong Kong Company ?

Is audit compulsory to a Hong Kong Company ? Yes, according to Companies Ordinance (Cap 622 Company Law), each Hong Kong company incorporated under Companies Ordinance, it’s financial statements must be audited by an independent auditor annually. The first auditor report shall be prepared not later than 18 months since the company’s incorporation date. The […]

Clement was appointed as Ordinary Member in Market Misconduct Tribunal of HKSAR

Our managing director (non-assurance), Mr. Clement Siu was appointed as Ordinary Member (adjudicator) in Market Misconduct Tribunal of The Government of the Hong Kong Special Administrative Region on 11 March 2021. The Tribunal is an independent body which is established under the Securities and Futures Ordinance, and is chaired by a judge or former judge […]

Categories

Inheritance tax in UK

Before you migrate to UK, you are suggested to have a glance at the UK tax system. HM Revenue and Customs (HMRC) is the governmental department in UK (equivalent to Inland Revenue department in Hong Kong) which is responsible for administering and collecting taxes in the UK. The core tax categories are income taxes, property […]

Categories

Shareholders agreement

A separate contract between members in a private company to govern how they will exercise their rights in the company. Which is enforceable between the members who are parties to such an agreement. Such agreement is a supplement the company’s articles, but not form part of the company’s constitution. Such an agreement will not be […]