• Fri
  • Aug 22, 2014
  • Updated: 11:54pm

Legal Entities

Cost cuts to aid business

Following a waiver of business registration fees from 2010 to 2011, the financial secretary proposed in his budget reintroducing the practice for a year starting next month.

Monday, 26 March, 2012, 12:00am

Shell companies: quick, cheap, anonymous

Setting up a shell company in Hong Kong is a simple process that begins with a visit to the Companies Registry to apply for a Certificate of Incorporation. Upon incorporation, newly formed companies are required to register their business with the Inland Revenue Department and, finally, open an account with a local bank.

28 Feb 2011 - 12:00am

Government revises bankruptcy bill for another legislative run

The government has announced concessions to its long-delayed Chapter 11-style bankruptcy bill in a bid to prevent another embarrassing failure in its decade-long battle to push the law change through.

10 Jul 2010 - 12:00am

Beijing allows foreigners to set up partnerships

Beijing yesterday issued new rules that allow foreign firms to set up partnerships on the mainland, giving foreigners another avenue to conduct business in the country.

The new regulations do not cover investment-oriented partnerships, as regulators said they lack experience in dealing with these businesses and need to study their risks.

3 Dec 2009 - 12:00am

A new accountability for ethical business

Earlier this month a New York District judge cleared the way for lawsuits brought against IBM, Ford and General Motors relating to collusion with the South African government during the apartheid era. This signifies a major step for the business and human rights movement, while having profound implications for any company doing business with despotic regimes.

21 Apr 2009 - 12:00am

Don't confuse business with welfare

As a businessman who is also chairman of the Hong Kong Council of Social Service, I am quite proud of the Caring Company award, which the council launched seven years ago. To date, 1,765 Hong Kong companies and organisations have qualified for this recognition of good corporate citizenship.

27 Feb 2009 - 12:00am

Lion City a growing offshore centre for the world's wealthy

Despite Switzerland's private banking history and the plethora of benefits offered by tax havens in the Caribbean and the Channel Islands, the world's wealthy are turning in ever-increasing numbers to Singapore for their private banking needs.

28 Sep 2008 - 12:00am

Directors must balance profits drive and social responsibilities

I refer to Jake van der Kamp's Monitor column ('Social welfare? Firms must mind their shareholders first', November 15).

One may agree with the author's suggestion a great majority of individual or institutional shareholders do not care enough about the social responsibilities of companies in which they invest.

24 Nov 2007 - 12:00am

Mainland to relax offshore fund rules

Mainland authorities are expected to relax rules on individuals buying foreign equity-based funds sold by banks, mirroring regulators' efforts to encourage institutional investment on overseas exchanges.

7 Sep 2007 - 12:00am

Firms realising a tidy house will attract investors

The concept of good corporate governance is gaining pace with mainland companies but still has some way to go before it reaches international standards.

26 Apr 2007 - 12:00am

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