(This article was first published on https://www.pwfo.org/blog/listing-in-hong-kong-specialist-technology-companies) Hong Kong has been promoting entrepreneurship and startups for years. The two major startup flagships are The Hong Kong Science and Technology Park and Cyberport. There are currently a few thousand startups in these 2 communities. Some of them are unicorns. Numerous pitching events are held each year...
Written by Belinda Wong, Director of Leader Corporate Services Limited and has over 25 years’ experience in company secretarial field. She is a Fellow Member of the Hong Kong Institute of Directors, Associate Member of the Hong Kong Institute of Chartered Secretaries as well as the Hong Kong Securities Institute. She is also holding a...
UNIPLAT Pitch Deck 2023 A big thank you to all the amazing participants of UNIPLAT Pitch Deck 2023 The event has successfully ended in June 2023. Your dedication and effort in this event did not go unnoticed, and we are incredibly grateful for your outstanding contributions! Congratulations to these exceptional individuals and teams that have...
(This article was also published on https://www.pwfo.org/blog/entrepreneurs-whom-you-should-work-with-as-a-team) When starting a business, a founder has to decide whether to go it alone or find co-founders / team members. As most people do not have all the skill sets needed to run a business, naturally, co-founder(s) and teammates have to be recruited. It is quite natural...
(This article was also published on https://www.pwfo.org/blog/entrepreneurs-how-much-equity-capital-you-should-have) Unless an entrepreneur has decided to go through the journey of entrepreneurship all alone from the beginning till the end, a question has to be asked – how much control should I have over the enterprise? When there is a need to get in a partner, the...
(This article was also published on: https://www.pwfo.org/blog/why-becoming-an-entrepreneur) Countries all over the world seem to encourage their citizens (young and old irrespective of commercial / professional experiences) to pursue entrepreneurship i.e., set up their own business. No doubt many people have entrepreneur spirits and are creative enough to produce new products and/or services. However, before...
(this article was also published on https://www.pwfo.org/blog/shareholder-rights-and-protection-under-the-hong-kong-companies-ordinance-cap-622-co) An individual subscribing for share(s) in a private company limited with share capital has to pay for the agreed amount. Once this is done, there is no further liability due from this person to the company. CO does not stipulate the minimum amount of share capital nor...
(This article was published on https://www.pwfo.org/blog/Various-Tax-Aspects-on-Doing-Business-in-Hong-Kong) The tax regime of HK is on a territorial basis i.e., only profits derived from Hong Kong are taxable. Whether part or all of the profits can claim themselves to be offshore and hence exempt from paying HK corporate tax is subject to the consent of the Inland...