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Work Permit
Hong Kong is a reputable financial centre with well developed legal system which creates a favorable environment for doing business. Moreover, English is the second common language in Hong Kong this eliminated the concern of communication problems. These advantages attract people to work in Hong Kong and the application of work permit increased.
We provide service to customer, either company or individual for the application of work permit in Hong Kong. Our experience helps our customer to smooth their application with an effective and reasonable cost.
Applicants who are not non-local graduates but possess special skills, knowledge or experience of value to and not readily available in the HKSAR may apply to come to work under the General Employment Policy (“GEP”)
Qualifications for Applying “GEP”:
- There is no security objection and no known record of serious crime in respect of the applicant;
- The applicant has a good education background, normally a first degree in the relevant field, but in special circumstances, good technical qualifications, proven professional abilities and/or relevant experience and achievements supported by documentary evidence may also be accepted;
- There is a genuine job vacancy;
- The applicant has a confirmed offer of employment and is employed in a job relevant to his academic qualifications or working experience that cannot be readily taken up by the local work force; and
- The remuneration package including income, accommodation, medical and other fringe benefits is broadly commensurate with the prevailing market level for professionals in the HKSAR.
Document Requirement for Work Permit Application:
- An application form ID(C) 936, with relevant parts duly completed and signed;
- A copy of the sponsor’s Business Registration Certificate, Certificate of Incorporation and / or Memorandum of Incorporation and Articles of Association
- Financial standing of the sponsor / sponsor’s company (income tax return, trading profit and loss account, profit tax return)
- Company staff list with salary offered and position held and list of expatriate staff previously or currently recruited from overseas
- A copy of the applicant’s service contract or letter of appointment with details of post, salaries and benefits
- Full description of the applicant’s post
- Details, with proof, of applicant’s academic qualifications and experience relevant to the post, e.g. copies of diplomas, certificate and testimonials
- A letter, with supporting proof from the employer (if possible), stating the reason why the post cannot be filled locally
- If the applicant is to replace someone already working in Hong Kong, the personal particulars and his whereabouts (if know) should be given
- If the applicant is to fill a new post, explain why his / her services are essential;
- Evidence of the applicant’s past residence in Hong Kong (if any)
Author Archives: Michael
Corporate Finance Services
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Corporate Financing Advisory
In line with the business development, your company may require additional funding in order to expand your business or explore new market. Apart from using bank loan as an additional source of funding, you may also consider to introduce institutional investors or to issue convertible bonds or to apply for listing to raise additional funds. We can provide preliminary consultancy to you based on our professional knowledge, experience and network in the financial markets to help you preparing business proposal, feasibility study or market research aiming to achieve your goal and obtain success.
Fund Raising and IPO
We also focus on quality client preparing for listing. Through our connections, we are capable of introducing in a good coverage of investors both pre and post IPO.
Mergers and Acquisitions
We have accumulated experience in handling mergers and acquisitions in Hong Kong and the mainland China. We are also involved in advising offeror and offeree companies in relation to takeovers and share repurchases.
SME Loan and Bank Facilities
We offer a pre credit analysis and assist our SME client to obtain bank loan and facilities from our introduced bankers. Due to a better relationship between us and our introduced banker, we act as a consultant for our client in order to achieve a higher chance of success application and a better offer in terms of loan size or interest rate, etc.
We provide a free-of-charge preliminary consultancy and assessment. Quotation will be given after preliminary assessment on the company’s situation and the scope of services required.
Notary Public
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A notary public (sometimes called a notary or a public notary) is an individual authorized by state or local government to officially witness signatures on legal documents, collect sworn statements and administer oaths. A notary public uses an embossing tool to verify his or her presence at the time the documents were signed. Notary Public should be appointed by the Chief Judge of the High Court, being qualified to notarise international documents used in foreign countries.
Our services include:
- Attest execution of documents
- Provide certificates certifying the originality of copy documents
- Authenticate signatures and execution of documents
- Take declarations, Affidavits, Oaths and Acknowledgments
- Prepare or witness Powers of Attorney
- Witnessing / attesting events and transactions
Trademark Registration
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What is Trademark
Trademark is a sign that distinguishes the goods and services of one trader from those of others. Typically a trademark can be words (including personal names), indications, designs, letters, characters, numerals, figurative elements, colours, sounds, smells, the shape of the goods or their packaging or any combination of the above. A sign must be capable of being recognized literally or graphically in order for it to be registered as a trademark.
Purpose of Trademark Registration
Registration of trademark is not compulsory in Hong Kong. Whether a trademark has been registered or not, it is already been protected under the common law. The trademark owner must prove its loss and the justification of the value of the trademark. However, if the trademark is properly registered under the Trademarks Ordinance, the trademark owner has the right to prohibit the others to usage its trademark on any products or service before obtaining his approval. This can prevent other people using its trademark on their products or services. The right of a trademark owner is more easily enforced if the trademark is properly registered.
Registration Process
Once the Intellectual Property Department (“IPD”) receives a trademark application, an examination officer will be assigned for processing the application. If there is sufficient information provided in the application and no objections to the trademark registration, then the whole application process can take as little as 6 months from receipt of application to approval of the registration. Upon receipt of the trademark application, “IPD” will issue a receipt and notify the application number. Before examining the application, “IPD” will carry out a throughout check of the application form(s) and the attachments for completeness and accuracy.
If there is missing information, “IPD” will ask for supplementary. Some minor amendments will not affect the filing date of the application, e.g. the class number of the applied trademark. However, major changes to the application will not be accepted, for example, changes to the graphical representation of the trademark. After completing the submission of all information of application, the process will go to next stage, i.e. search and examination.
After checking the completeness of information and confirming no missing information, “IPD” will conduct a search of the trademarks records to see if the same or similar trademark has already been registered or been applied for by another registrant in respect of the same or similar class of goods and services.
“IPD” will also see if the trademark satisfies with the registration requirements set out under the Trademarks Ordinance. The examination officer will then issue a written opinion either on the grounds for objection to the trademark or confirming acceptance for registration. If the application does not meet the requirements for registration, “IPD” will object to the trademark registration and applicant should meet the requirements within 6 months. A further 3 months extension may be granted.
Your trademark will be published in the Hong Kong Intellectual Property Journal unless an opposition to it has been lodged. An opposition notice should be filed within 3 months from the registration date. As the applicant, you may withdraw your application or respond to the opposition by filing a counter-statement within certain time limits. When all the evidence has been received by the “IPD”, a hearing will take place before a hearing officer who then makes a decision. If you withdraw your application or lose in the proceedings, you may have to bear the legal fees of the other party.
Once your trademark has been accepted for registration, the “IPD” will enter the details of the trademark into the trademarks register and will issue a certificate of registration to the owner. Notice of the registration will be published in the Hong Kong Intellectual Property Journal and the registration of your trademark will date back to the filing date of your application. That means the rights of the owner of a registered trademark take effects from the filing date of the application.
Validity of a Registration
The validity of a registered trademark is 10 years. Subsequent renewal is allowed and unlimited.
We provide a free-of-charge preliminary consultancy and assessment. Quotation will be given after preliminary assessment on the company’s situation and the scope of services required.
Formation of Offshore Company
There has been a fast growing movement by smart international entrepreneurs and companies to use offshore companies to strengthen their international business operations – as a foothold-company for expanding business or even going international. Why are all these leaders in international business moving in this direction, and so fast?.
Here are several reasons for this important trend :
- Trading profits can be maximized by retaining profits in an offshore company formed for the purpose in a tax-free offshore country
- Certain countries allow directors and shareholder information no need to be disclosed to the Public;
- Certain countries do not need to submit annual return;
- Certain countries allow off-shores business transactions tax free;
- Certain countries allow only one director and shareholder(their nationality and residence are no restriction/Change of directors are no need to submit report);
- The free trading practice can even be developed with the right offshore location and common market operations;
- Offshore holding companies can be operated to retain, and invest, high offshore trading profit margins;
- International company may accumulate untaxed profits on their operations by subcontracting their work via an offshore company;
- Offshore company ownership, and jurisdiction, can often be simply and rapidly changed by the owner’s request;
We provide services to our clients to incorporate overseas/off-shores company. The incorporation services include:
- Company name search
- Application for Certificate of Incorporation
- Filing of first directors and secretary and registered office
- Pocket seal
- Pre-inked stamp
- Share Certificate and record book
- English Memorandum of Articles of Association
- Preparing minutes of first Board Meeting
- Free delivery of document (within Hong Kong)
Business Advisory Service-China
We have operated in China since 1992. Our experienced China business consultant assist local and overseas clients in doing business successfully in China. With extensive experience in local languages, cultural and business practices, our China Consulting team possesses the skills and knowledge to provide “total solution” consulting service.
Our Professional China consultant provide China business advisory services including:
- Establishing China Operations
- Introduction to China business requirements;
- Feasibility studies for establishing Representative Office (RO), Foreign Investment
Enterprise (FIE) and Joint Venture (JV); - Preparation of required documents for application;
- Acquisition of various government approvals;
- Management of business registration procedures with local authorities
- Renewal of business licenses;
- Preparation and administration of payroll in compliance with local reporting requirements:
- Record keeping, payments, preparation and filing of statements in relation to social security and
retirement scheme requirements.
- Recruitment
- Drafting and posting of recruitment advertisement;
- Screening and interviewing candidates;
- Recommendation of qualified candidate.
- Tax Advisory
- China tax compliance services;
- China tax consultations;
- China tax planning;
- Advising on the latest changes in taxation laws, rules, regulations and practices.
- Accounting
- Implementation of accounting systems;
- Maintenance of accounting books and records;
- Preparation of annual and periodic accounts and financial reports;
- Preparation of consolidated accounts;
- Consultation on accounting methods as practiced in China; and Training on International
- Accounting Standards and computerized accounting systems for Mainland-based clients.
- Others
- Management of cross-border businesses.
Business Consulting Services
Professional business consulting services can help companies to improve the profits and financial status.
Our professional business consulting services include:
- Due diligence on transfer of business
- Advisory services regarding liquidation and business winding up
- Tax planning
- Specific investigations into irregularities or fraud
- Organization structure analysis
- Accounting system set-up
- Internal control set-up
Deregistration of Limited Company
Deregistration of Limited Company is the process whereby the life of that particular type of legal person or the company is terminated. Deregistration of Unlimited Company is the process whereby business transaction of the Partnership, Sole Proprietorship are terminated.
Types of Deregistration of Limited Company:
- Winging-up by the court
- According to , Limited Company can be ordered winging-up by the Court. The common reason for this type of winging-up is its inability to pay its debits.
- If a company with a debt exceeding HK$5,000 fails to pay it or make arrangement with creditor(s) which is accepted by them within three weeks of receiving their written demand, then it is deemed unable to pay its debts.
- Voluntary winding-up
- Members’ voluntary winding-up – The company is winging-up by the members. The company should able to pay-off its creditors when wound-up.
- Creditors’ voluntary winding-up – When directors of the company do not believe that it will be able to pay-off the debt. The creditor(s) can liquidate the company.
Our company has the professional and experienced staffs to provide a full range of high quality deregistration services. Our Service includes:
- Preparing all deregistration documents and minutes
- Applying for Notice of No Objection to a Company, Being Deregistered from Inland Revenue Department
- Applying for Deregistration of Limited Company from Company Registry
- Free delivery within Hong Kong Island, Kowloon and New Territories
Remarks
# If the application for Notice of No Objection to a Company Being Deregistered is unsuccessful, our service fee will NOT be collected.
* A fee of HK$350 which is non-refundable regardless of the result of the application.
Formation of Hong Kong Company
We help our clients to set up Ltd co., either by buying a shell company or set up a new company.
We sincerely provide the following services:
- Formation of limited companies
- Formation of unlimited companies (Partnership, Sole Proprietorship)
Service packages includes
- Company name search
- Application for Certificate of Incorporation
- Application for Business Registration Certificate
- Preparing of Chinese or English Memorandum of Articles of Association
- Stamp duty of transferring subscribers’ shares (for Ready made Limited Company)
- Filing of first directors and secretary and registered office
- Acting as first Company Secretary
- Preparing minutes of first Board Meeting
- Certified true copy of documents for opening bank account
- Minutes in respect of opening bank account
- Free delivery of document (within Hong Kong)
Company Secretarial Service
According to Companies Ordinance 154, every company should have a Company Secretary. Company Secretary may be one of the directors, an individual who are ordinarily reside in Hong Kong or a body corporate that have its registered office or a place of business in Hong Hong.
Our professional company secretary services to your company. It includes:
- Acting as company secretary of your company
- Organizing and witnessing required meeting of directors and shareholders alongside preparation of minutes
- Preparing and filing annual returns
- Alteration of director or secretary
- Transfer of share
- Changing of company registered address
- Changing company name
- Share allotment
- Applying for Deregistration of Limited Company
- Assisting and advising on establishment of new companies in H.K / Overseas