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Hong Kong companies are allowed to decide their own financial year-end date, with most businesses choosing it to be either 31 December or 31 March, to coincide with the Hong Kong Government’s financial year. Find out why you should consider these dates to be your financial year-end (let’s refer to it as FYE from now on), and how to change it if its other dates instead.

Are you looking to start a hawker stall business in Hong Kong? This bustling city is the perfect place to showcase your culinary skills and earn a good income. However, setting up a hawker stall requires more than just passion for cooking.

In this article, we will guide you through the process of getting started, from understanding the regulations to identifying the right location.

As a big import/export hub, Hong Kong offers entrepreneurs a lot of choice in logistics partners and arrangements. It’s tricky to know where to start – but with so much choice, there’s bound to be an arrangement that works for you.

Crowned as Asia’s premier financial hub, Hong Kong is a popular business destination. As a new employer in Hong Kong, you need to be aware of different regulations and schemes, especially the Mandatory Provident Fund (MPF), before you kickstart your hiring process.

Hong Kong can boast one of the simplest and cheapest tax systems in the world. Is there a value-added tax? No such thing. How about a withholding tax or a capital gains tax? Again — nope. We will explain which taxes for private limited companies do exist in Hong Kong and how to pay them.

In Hong Kong, all business owners must get their <a href="/hk/accounting-services-hong-kong/company-audit/">financial audit reports</a> checked by someone outside the business. This requirement exists, no matter what stage your business is at. It also applies to all Hong Kong incorporated businesses – whether you trade in Hong Kong or overseas.

The financial audit report requirement exists to ensure compliance with Hong Kong’s tax regime. There are hundreds of thousands of companies in Hong Kong, meaning the Internal Revenue Department (IRD) can’t feasibly check every business. So company audits are a way to manage tax compliance efficiently.

For <a href="/hk/guides/private-limited-company/">private limited companies</a>, the number of shareholders is between one and 50. If the number of shareholders exceeds 50, the company will become a public company. The same goes for the number of directors, with a minimum of one director and no maximum limit.

A shareholder may or may not be a resident of Hong Kong. They can be a person, or legal entity, for example, liquidator, sole proprietor or company.

Let's learn more about the shareholder's rights, requirements and responsibilities.

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