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

Listed companies pressed on social duties

Chamber charter seeks to raise corporate performance as poll shows most HK firms lack structure to meet responsibilities

The Chamber of Hong Kong Listed Companies will launch a campaign to raise its members' commitment to corporate governance and social responsibility standards through a proposed charter that is more exacting than listing requirements.

29 Jan 2007 - 12:00am

Pioneer for shareholders' rights learns about justice the hard way

The idea of fighting for justice was planted in the mind of Yan Yiming during the chaos of the Cultural Revolution when, as a teenager, he saw people humiliated and taken prisoner by Red Guards.

'I personally experienced cruelty. It made me believe that the rule of law is the most important thing for this country,' he said.

28 Dec 2006 - 12:00am

The right way of making a firm decision

An aspiring entrepreneur can choose to register a proprietorship, partnership or limited company

KAY ROSS ARRIVED in Hong Kong in 1993 looking for adventure. She had more than 15 years of experience in marketing and, as the holder of a British passport, she did not need a visa to work in the then British colony.

25 Mar 2006 - 12:00am

Forex controls relaxed for offshore operations

China will further relax foreign-exchange controls to give domestic companies operating offshore easier access to credit, according to a senior regulator.

19 Jul 2005 - 12:00am

Accountants say limiting liability is vital for HK

Hong Kong is in danger of losing its status as an international financial centre if the city's professional liability framework continues to lag global standards, according to the city's top accounting regulatory body.

1 Apr 2005 - 12:00am