Category: Hong Kong
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Immigration (Amendment) Regulation 2025: New Application Fees and Increases for Talent and Capital Investor Admission Schemes
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As part of the 2025-26 Budget, the Hong Kong Government has introduced significant changes to the immigration fee structure. Effective from 26 February 2025, the Immigration (Amendment) Regulation 2025 establishes new application fees under various admission schemes designed to attract talent and capital investors. These revisions align with the “user pays” principle to ensure administrative…
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FAQs: Navigating Year-End Accounting, Audits, and Tax-Filing with Marbury
FAQs: 1. Why is year-end accounting and auditing important for my business? 2. What services does Marbury offer for year-end accounting and auditing? 3. What documents do I need to prepare for my year-end audit? 4. What are the key Inland Revenue Department (IRD) PTR deadlines for 2025? 5. Does my Hong Kong company need…
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Opening a bank account in HK & when this is difficult
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Opening a bank account is usually one of the first items on a new company’s to do list, however, the process of establishing a corporate bank account in Hong Kong can present significant challenges, and is often more complicated than a company incorporation due to strict regulatory requirements and high compliance standards imposed on banks.…
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Understanding Pre-emption: The Essential Right for Shareholders
Introduction In the intricate world of private companies, safeguarding the investments and interests of shareholders is paramount. One such protective measure is the right of pre-emption, also known as the right of first refusal. This corporate mechanism empowers existing shareholders by granting them the opportunity to acquire shares being sold by fellow shareholders before they are…
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Is the Travel Pass as good as a Hong Kong Employment Visa?
To evaluate options for living and working in Hong Kong, it is crucial to understand the distinct differences between the Hong Kong Travel Pass and the Employment Visa, as each caters to different needs and provides varying rights and limitations. We consider the options available to foreigners when planning to travel to Hong Kong for…
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Marbury at the Hong Kong Sevens 2024
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Over the 5-7 April weekend Marbury hosted close to 100 clients and friends of Marbury, and Marbury founder, Duncan Smith, at the Hong Kong Sevens – the premier tournament on the World Rugby Sevens Series. As we finally recover after the exhilarating weekend, we at Marbury want to extend a heartfelt thank you to all…
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Hong Kong: Audited financial statements required to be submitted with the Profit Tax return for 2022/23
In a recent circular to tax representatives by the Hong Kong Inland Revenue Department (the IRD), it was underlined that the IRD no longer exempts the submission requirements of supporting documents from the year of assessment 2022/23, except for dormant companies or overseas companies which are not required to carry out statutory audit in the…
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Hong Kong Companies Ordinance: Reduction of capital
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The Companies Ordinance (Cap 622) (CO) introduced a company-led court-free process for reduction of share capital in 2014. This followed in the wake of the removal of the requirement for companies to have an authorised capital, which in turn followed a trend globally of removing restrictions in the handling of company capital that has swept…
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Payroll and HR obligations for Hong Kong employers
Although Hong Kong is very business-friendly and constantly ranked among the top countries for its ease of doing business, when it comes to HR and payroll compliance, most foreign owned companies and start-up businesses find employer and employee compliance burdensome. This is often due to the limited resources available in time and funds. Hiring an…
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The importance of compliance with AML requirements across jurisdictions
Regulators are taking firm action again non-compliance with AML and CFT regulations as highlighted by these recent enforcement cases in Hong Kong and BVI.