A few years back, a founder of a startup told me at a pitch event that ‘this product works in US / Europe very well, it will work in Asia’. Up to now, the startup is nowhere to be seen. Well! What has been successful in one market is not a sure win in another. There are few...

We have been taught to be confident and trust our own capabilities. However, don’t be blind to all the obstacles in the startup journey! Things to mull over: Execution plan. What if things don’t go according to the plan? Are there alternative options / paths? Skills required. Does the team have the skills to deliver the execution...

Quite often, when a person thinks he has a great idea that should be implemented, the first thing he does is to find a business partner. What he normally does is to talk to his best friend and then co-found a startup. Once the startup is up and running, lots of conflicts flare up. The...

Originally Published on LinkedIn on April 10, 2020 Belinda Wong Author and Director of Leader Corporate Services Limited Hong Kong has not been known for being innovative nor technologically advance. However, in the past few years, a catching up has been in place hoping to boost Hong Kong’s ranking in these arenas. There are institutions being empowered...

Originally Published on LinkedIn on April 1, 2020 Belinda Wong Author and Director of Leader Corporate Services Limited The HK tax regime is on a territorial basis i.e. only profits derived from Hong Kong are taxable. The current profits tax rate for companies is 8.25% for the first HK$2 million and 16.5% on the balance. Profits derived...

Published on March 25, 2020 Belinda Wong Author and Director of Leader Corporate Services Limited Before incorporation, the following should be considered: Who should be the director A private company limited by shares requires only one director who does not need to be resident in Hong Kong. This person must be at least 18 years old. No...

Originally Published on March 19, 2020 on LinkedIn Belinda Wong Author and Director of Leader Corporate Services Limited In Hong Kong, there are 5 types of companies which can be incorporated. They are: (a) a public company limited by shares; (b) a private company limited by shares; (c) a public unlimited company with a share capital; (d) a private unlimited...