Experienced Accountants Leading Our Team to Deliver Professional Services
" The principals of the company bring their business skills, experience and credentials to bear in providing a broad range of services. "
Our in-house accounting team is managed by experienced Qualified Accountants, to ensure professional services will be delivered to our clients.
Under the terms of the Hong Kong Companies Ordinance (Cap.622), all entities incorporated and registered in Hong Kong are required to maintain accurate records and books of accounts and to comply with statutory audit requirements
on an annual basis. Hong Kong has adopted a framework for Financial Reporting Standards (HKFRS) based on International Financial Reporting Standards (IFRS).
We take care of your accounting needs so you can optimise your operational costs, ensure ongoing compliance with local regulations and accounting standards and benefit from professional analysis and suggestions based on relevant information.
Our services include:
- Consolidated accounts preparation and reporting
- Payment processing
- Provision of cheque/bank signatories for our clients’ bank accounts
- Asset and Liability deferral under Trust Accounting and enhancement of Balance Sheets which are subject to Financial Accounting Standards.
Hong Kong has a territorial tax system, which means that a company’s profits are only subject to tax in Hong Kong if they arise or derive from Hong Kong. Profits which have a foreign source (also called offshore profits) are generally beyond the territorial scope of Hong Kong’s taxation system, including those derived by locally incorporated companies. Therefore, offshore profits are eligible for a tax exemption.
The process for proving your source of profits is called offshore claim. There are no taxes on dividends, interest or capital gains.
Companies are generally tracked by the tax authority after incorporation and issued a tax return for the first anticipated year of assessment. Even if no tax return has been issued, the company has an obligation to notify the tax authority if assessable profits have generated. The year of assessment runs from 1 April to 31 March.
We ensure your tax compliance against ever-changing global standards. Our services include:
- Corporate tax return filing
- CRS registration and CRS return
- GIIN registration
- Offshore profit claims
- Individual income tax filing