For more than a decade, Hong Kong has been keen to build up the startup ecosystem through the Hong Kong Science and Technology Park (HKSTP) and Cyberport and to upgrade itself in the international ranking on innovation and technological advancement. In the coming years, the Lok Ma Chau Loop (now officially known as Hong Kong-Shenzhen...
Hong Kong is renowned for being an international financial center with a large number of high-net-worth individuals and families. With the growth in wealth, these people start considering how to do good to the community and to the world. Many set up charities to serve various social causes and issues. Registration of charities has...
Hong Kong is renowned for being an international financial center with a large number of high-net-worth individuals and families. With the growth in wealth, these people start considering how to do good to the community and to the world. Many set up charities to serve various social causes and issues. Registration of charities has to...
Hong Kong has long been an international financial center. In recent years, efforts have been made to buttress this position. On 24 March 2023, the Government issued the Policy Statement on Developing Family Office Businesses in Hong Kong. This could facilitate the protection of wealth and passing on of the legacy to future generations within...
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...