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Shareholder General Meeting

As a shareholder, who can exercise his right by mean of conducting a General Meeting. Take appointment of director as an example, a simple majority votes can pass an ordinary resolution. (simple majority means more than 50% members with voting right who attending and voting in such meeting). Any shareholders holding 5% or more of […]

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Two Tier Profit Tax Rate Regime

Under the two-tiered profits tax rates regime, the profits tax rate for the first $2 million of assessable profits will be subjected to a lower tax rate of 8.25% for a limited company. The excessive assessable amount will be subjected to 16.5%

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General rights of shareholders

For a Hong Kong Limited company (limited by share), as a shareholder, you will have below general rights: • The right to vote at the shareholders’ general meeting (GM) and Annual General Meeting (AGM). • The right to receive dividends declared by the company Board of Directors. • The right to receive an auditor’s report […]

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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 […]

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Who can make Certified True Copy for me ?

When do you need a document to be certified ? 1. Opening bank accounts in Hong Kong or overseas 2. Set up a company in Hong Kong Who is qualified person to do a certified true copy to Identity or company documents ? Generally, lawyer in public practice or Certified Public Accountant (Practising), are eligible […]

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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 […]

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 […]