Legal change of directors
Business in China

Legal Change of Directors : Guide About Director Change Process in Hong Kong

Many business owners like to open companies in Hong Kong because the company's decisions are fair and environmentally friendly. Business rules that are not too strict include changing personnel for various company positions. One of the most important personnel changes in a company is the position of director because this position holds important decisions in carrying out special business operations on behalf of the company. We must study the legal change of directors in Hong Kong, because it can be applied to all Hong Kong companies. Hong Kong allows local and foreign directors and shareholders to leave or assume their position in a company. Companies in Hong Kong are allowed to change their structure, such as changing personnel such as directors or company secretaries whenever they need or according to their desires. Before changing a director in a Hong Kong company, there are several things that must be done. This article will discuss what is needed to change directors in Hong Kong companies. Can a director be replaced? So far we know that a director is a high position in a company and cannot be replaced. But in Hong Kong, directors can be replaced and that is legal in every Hong Kong company, as long as the requirements are met. You can look for assistance with this task by taking care of proper steps and documents needed for new directors. If everything is ready, the process will only take 1 or 2 days. Every Hong Kong company must prepare at least one person to be the company director and one person to be the company secretary. It doesn't matter if a company has many directors, long as none of them have the double position of company secretary. Reasons why directors can be replaced There are many reasons why a company must change its director. What we know is that every Hong Kong company must have at least one active director for arranging for incorporation. Changing a company's board of directors can occur as a result of necessity or voluntarily. Reasons why a company must replace its directors are resignation, death, removal, or other circumstances. All Hong Kong companies must act within the company incorporation laws for legal change of directors. For example, if a director resigns voluntarily, it must be with the approval of the other directors, and the company can ask the director to resign in the correct way to avoid being sacked. Every director who wants to resign must follow the terms of their contract, until they agree to resign and the company's register must quickly make the change. The second example is the removal of directors through different means. If there are directors who do not meet the legal requirements in Hong Kong, they can be removed from their position. The disqualification can be done instantly when they do not meet any of the compliance requirements. the company's shareholders can pass a resolution to remove the director as long as it does not violate any contractual agreement and legislative rule. Or the final example is a court order that can help change company directors. What is the procedure to change the director? There are two ways to change directors, namely by adding a director or removing a director. To add a director, some paperwork needs to be prepared. The form of a resolution is required to be signed by all the directors with the following information should be included such as the effective date of the change, full name, permanent addresses, and signed resolution. Highlight the situation during the legal change of directors, because we must be clear that there is no conflict between the directors and company owners so that the process runs smoothly. After the resolution is received, the notice of change of director form must be submitted within 15 days until the resolution becomes effective. All complete documents will be processed within 2 working days at the Hong Kong companies registry. The exact time to change the new director can be done during the next annual return. What are the requirements to become a company director in Hong Kong? The Hong Kong government has regulations that for every company there must be at least one director and it must be a natural person. That person may not serve as the company secretary. Directors can be local citizens or foreigners. The requirements are: the candidate must be at least 18 years old, citizen or foreigner, must have a valid passport, there is no limitation to the number of possible directors and at least one natural person, can be a corporate director or individual. Why a Notary Is Essential for Every Single Business Before legal change of directors, directors must understand specific statutory duties and responsibilities. The director must act in the best interests of the company, responsible for filing the profit tax returns and employees' returns, ensures that the company makes relevant filings and complies with all statutory laws, maintains accurate company records and carries out full accounting, monitors the company progress and achieve all set-out goals, making strategies and priorities on behalf of the company. Some of the documents required for a Hong Kong company's change of director are: Letter of consent of new director, a signed director's resolution, resignation letter if necessary, change of director date, death certificate if the previous director died, full name of director which is the same as in their passport, permanent address of new director, identity card or information page of international passport. Who can help with Legal change of directors in Hong Kong? SMEBrother is the right place to help you with structural changes in the company. We will provide you with company incorporation services, one of which is changing directors for any reason. SMEBrother can handle all documentation and company registrations, to ensure that your company's needs comply with Hong Kong laws and we do it as quickly as possible. Our experience is sufficient to handle your change of director processes and other company needs in accordance with Hong Kong law. If you want to learn more about the services we can provide for your business, please contact us.
香港人北上開餐飲如何把握大灣區機會?
內地餐飲

香港人北上開餐飲如何把握大灣區機會?

善用香港的一些非物質文化遺產,或者餐飲的文化,能與大灣區飲食文化結合和交流,便能擦出很多火花。 如何落地大灣區? 年輕人如何在大灣區發展,實際上於大灣區可以做什麼?大灣區9+2城市,人口超過八千六百萬,地區生產總值接近二萬億美元,最簡單的一個概念,就是同一件產品同一個訊息,說一次就可以有多了十倍人聽到,簡單而言,就是機遇變多了。 如何落地大灣區,首先要自己先深入大灣區了解,各處鄉村各處例,每一個城市都有各自的氣候、文化,甚至需要與當地官商打交道,才能知道自己所做的產業或是飲食業,如中餐適合在哪裏開業,西餐又應在哪裏,日本菜又在哪裏等。 利用香港的一些非物質文化遺產也好,餐飲的文化也好,與大灣區飲食文化結合和交流,便能擦出很多火花。 餐飲事業前景如何? 如果想到大灣區發展,應該如何去做? 如果想開一間咖啡店或茶餐廳,又應該怎麼辦?首先要選對市場,其實大灣區每個城方都有他的發展潛力,要看自己的心態,是只打算開一間半間,還是已經有發展藍圖,打算連鎖式地開。如果落腳點在人口比較多的城市,這樣發展下去,在同一個城市裏開很多間,相信一個香港人會比較容易管理。 但有些城市相對人口較少,開店數量亦不能太多,又或者當地人接受冰室、茶餐廳的程度未必太高,想膨脹的時候未必能在同一個城市發生,在管理上或是城市吸收的經驗都比較難。 如果只有一間咖啡店或者茶餐廳的年輕人,在香港都有很多,他們真的無法想像這個發展藍圖,只有單一餐廳的年輕人未必懂得如何去做,有什麼資訊或支援可以提供給他們呢?黃家和認為,首先視乎他們個人的意願,是否願意進入大灣區,不要害怕大灣區這個市場太大,香港太小,覺得自己很卑微。 大灣區市場有7000萬人口,每去一個城市都會有一個機遇,例如廣州,甚至再北上如上海,這些城市人口、經濟、文化各方面都非常發達,問題是競爭亦很大,成本亦很高,面對這些問題,究竟自己有沒有資源發展這個市場? 有很多例子都是年輕人單獨去大灣區開一間小咖啡店,有些做得不錯的,由一間變三間,其實不需要在內地認識很多人脈或資源,現在不是說研究飛機大炮,其實這些都是很基本的日常所需,一間咖啡店或是飲食業,亦不是要發展一百幾十間的藍圖,說的只是一間半間,難的是心態。 希望香港青年人保持開放心態,不要將個人發展局限在香港,應好好把握大灣區的發展機遇,持續提升個人競爭力。青年人可以視內地工作為個人職涯的發展階梯,無論將來是否選擇回到香港或到海外發展,相關的工作經驗亦有助於提升自身的職業流動性及豐富職涯發展。
Should I Apply BUD Fund or TVP?
BUD Aplication

Should I Apply BUD Fund or TVP?

Established in 2014, SMEBrother aims to provide reliable financial solutions to small and medium-sized enterprises, SMEBrother has since assisted over 2000 clients, prioritizing each client's satisfaction wholeheartedly. Covering a diverse range of government funding initiatives such as the Technology Voucher Programme (TVP) and the Dedicated Fund on Branding, Upgrading, and Domestic Sales (BUD), our suite of services at SMEBrother comprises a one-stop support for funding, as we have experts that specializes in handling government funding programs. This support includes initial consultations, aid in document preparation, drafting project proposals, overseeing project advancement, and offering guidance on acceptance criteria and standards. Which one should I apply? BUD (Dedicated Fund on Branding, Upgrading and Domestic Sales) funding and TVP (Technology Voucher Programme) funding are both financial assistance programs aimed at supporting businesses, but they have different focuses and criteria, so before you apply and make a decision, you should see which one you need the most first, we will make it easier for you to understand by providing information below. BUD Fund BUD funding supports a broad range of business development activities, including market expansion, product development, and operational improvements. It also may cover various aspects of business growth, such as marketing, human resources, technology adoption, and training. Within the framework of the BUD Fund, both the "Mainland Programme" and the "FTA Programme" extend subsidies on a one-on-one basis. With these programmes, Hong Kong enterprises can receive funding of up to HKD 7 million to financially support initiatives such as brand enhancement, facilitate business upgrades and transformations, market promotions. The objective of this funding is to bolster the competitiveness of enterprises operating in Mainland China, Southeast Asia, and markets under free trade and investment agreements. Businesses from different sectors and industries may be eligible for BUD funding, as long as their proposed projects contribute to overall business growth and development, preferably non-listed enterprises registered in Hong Kong and enterprises with substantive business operations in Hong Kong. TVP Funding TVP Funding specifically aims to enhance the technological capabilities and competitiveness of businesses. It provides subsidies to eligible businesses for adopting and utilizing technological solutions and services. This could include investments in hardware, software, consultancy services, or technology-related training. Do remember that unlike BUD Fund that focuses on a more generalized and covers a wider spectrum of business activities, TVP Fund only focuses on supporting businesses in adopting and utilizing technological solutions and services to improve efficiency, productivity, and innovation. That being said, the programme requires businesses to invest in specific technology areas such as hardware, software, consultancy services, or technology-related training. With a funding ratio of up to 75% (3/4 of the project), the programme enables businesses to start their projects immediately upon submission of their application. So for an example, the government will provide you $350,000 for a $400,000 project; $150,000 for a $200,000 project, and so on and so forth. With this programme, each enterprises can receive HKD $600,000 at most, targeting the enhancement of their competitiveness, enhancement of business operations, or facilitation of transformation through technological systems. To qualify for the TVP, applicants must be companies registered or established in Hong Kong, with significant business operations in the region. Furthermore, the business must be relevant to the project for which the application is made as stated earlier. Conclusion In summary, while both BUD funding and TVP funding aim to support business development, BUD funding offers a broader scope and flexibility, and you can use it to discover mainland China and Free Trade Agreement Markets or upgrade, brand and transform if you already have a company there, while TVP funding is more focused on technology adoption and innovation to enhance business competitiveness, and you can use it to boost your efficiency of your company's services or technology. If you want to know more or have a question regarding BUD fund and TVP fund, feel free to consult SMEBrother by calling +852 6705 9572 or send us a private message through whatsapp.
Business Visa
Business Visa

Things You Need to Know About Business Visa for HK Foreigners

Hong Kong is a metropolis that is famous for its global connectivity, vibrant culture, thriving economy, and is the place of choice for many people who want to look for new opportunities. Everyone has different needs when they want to travel to Hong Kong. Some are pursuing a new job, studying at the educational institutes, or seeking opportunities as investors or entrepreneurs. For various existing needs, Hong Kong offers several visa options tailored to individuals' needs. If you are going to Hong Kong for business, this article will tell you about business visa for HK foreigners. What is a business visa in Hong Kong There are many foreign companies or foreigners who want to open a business or individuals who want to work in a Hong Kong company and live in Hong Kong. For some of these needs, entrepreneurs, or job seekers, need to apply for a visa for themselves for their work and business matters. There are several main types of business visa for HK foreigners, namely Hong Kong employment visa, Hong Kong investment visa, and M visa (Mainland China business visa). Hong Kong Employment visa is used for individuals who want to work in a Hong Kong company and stay for a long time. Applicants need to have special skills, experience, knowledge, and a good educational background. Each application is based on the applicant's qualifications and the sponsoring company. Hong Kong investment visa for foreign entrepreneurs who want to start and run their own business and relocate to Hong Kong. There are assessment criteria for businesses that want to open a new company or branch in Hong Kong, one of which is that the company must be able to prove that the business can make a significant contribution to the Hong Kong economy.   外籍人士申請香港簽證| 詳細攻略介紹   As a bonus, we will inform you about the M visa or Mainland China business visa for individuals who wish to come to Mainland China on a short-term basis, for visiting clients and factories, commercial and trade activities, signing contracts, or negotiating with clients. How do I get a business visa for Hong Kong? How to get a business visa for HK foreigners depends on eligibility. For the HK employment visa, it depends on you as an applicant (employee) or sponsor (employer). While the HK investment visa depends on you as an applicant (entrepreneur) or new business. There is no quota system for all visas related to this, because each application is considered based on its own merit. For applicants' visas, there must be no criminal records or security objections. Foreigners must have a good educational background, achievements, relevant professional abilities, and experience. For entrepreneurs, the Immigration Department needs to obtain proof of available funding, such as assets or bank statements. For new businesses and sponsors, the applicant must show proof that the business they will run has a substantial contribution to the Hong Kong economy. Even though there are no official minimum requirements, the Immigration Department expects the applicant to have an office space, have a significant investment that is in line with cash flow and business needs, create local jobs by optimizing for hiring Hong Kong employees during the first year of business. How to apply for a business visa for HK foreigners To establish or join in business for foreigners in Hong Kong, these are several steps that must be taken. Investment requirements There are no minimum requirements from the authorities when foreigners apply for a Hong Kong visa. But after the application is running, the authorities will examine your business plan to see whether it is in accordance with your proposed investment and is sufficient with your business plan. You need to ensure that the proposed investment covers the operational expenses and start up for at least 3-6 month period. Eligibility criteria The applicants must not have any criminal records or security objections. The applicant is preferable to have at least an undergraduate degree that is appropriate to the business being run. If no degree is specified, applicants need to demonstrate relevant professional abilities, documentary evidence of good technical qualifications, and experience or achievements. The business must prove that it will make a substantial contribution to the economy of Hong Kong by how the company will create jobs for the local workforce, utilize the suppliers in the area, services of local service providers, manufacturers, etc. Document required There are several documents that must be prepared by the applicant. First, completed application form. Second, a copy of the personal page of the passport or stay label in Hong Kong. Third, a copy of proof of relevant working experience and academic qualifications. Fourth, a copy of the company's appointment letter, employment contract, detailed information about salary, post, fringe benefits, and employment period. Some other things are a copy of proof of the overseas residence, a copy of the Business Registration Certificate, and a detailed two-year business plan starting from the amount of investment, setting up showroom/warehouse/office, business activities, and creation of local jobs posts. Application procedure and timeline The application needs to be submitted to the Hong Kong Immigration Department by post, and processing time is about 3-5 months. If the application is successful, the Immigration Department will issue an Entry Permit or visa label and must be collected from the immigration office in-person by authorized representative or the applicant. In case if the application is rejected, you can submit an appeal to the authorities. How to easily apply for a business visa for HK foreigners If you are confused about arranging everything for your new business in Hong Kong or your need to work in Hong Kong is urgent, you can use the services of SMEBrother to solve your business visa problem. We can take care of all the documents needed for a business visa, and you just have to wait until the application is complete, and can immediately notify you if there is anything needed for an appeal or other important things.     SMEBrother is the right place to take care of everything foreigners need for everything from business, licensing, legal, to information to advance business. Immediately check our website for whatever you need for the progress of your business and interests.
Wellness Activities for Team
business to the next level

Best 10 Wellness Activities for Team That They Will Love

Office needs do not only focus on income, work needs, and also paying according to employee rights, but with employee wellness in mind. Every employee wellness program is important in many companies to attract top talent, keep them happy and healthy, and increase their productivity. In fact, companies with wellness activities will carry out work with enthusiasm, employees feel cared for and engaged in every activity they do. Thinking about what can be done for employee wellness is not easy, because you have to keep it fun. If you can't engage your team, then any wellness program ideas won't run smoothly. So, this article will explain how we choose wellness activities that can attract employees to do them together. What is an example of wellness? Wellness is everything related to physical health or mental health. If a company wants to hold an employee wellness program, they must think about activities related to exercise, social connectedness, mindfulness, and improving nutrition. Every activity must have an impact on physical or mental health. If done on a weekly basis or daily basis, employees can reduce their stress, achieve optimal wellness, and have positive social interactions. What is the meaning of wellness activities? Whatever activities are carried out by employees to achieve wellness. Whether are physical activities to stay healthy such as exercise, meditation, or mental activities such as stress management, icebreakers, charity, etc. The activities are expected to maintain or improve well-being for employees, so that they can maintain their top performance and always be in good shape. 10 wellness activities that team will love If you want to start an employee wellness program, you must have a list of activities that you can do and that your employees can do with fun and enthusiasm. Whether you are a startup or a large corporation, let's start thinking about some employee wellness programs to boost your team and company. Company retreat or offsite One of the best activities for employee wellness is retreats. You can fill company retreats with lots of fun things to do and are the right time to brainstorm new ideas to advance the company.   12 Company Outing Ideas For Team Bonding   You can invite all employees to dinner, together at the camp, or to the villa after work hours. Offsite or company retreat will provide a new atmosphere for employees so they don't get bored with the office layout, as well as stress relief if they are having a tough day. Rewards for healthy eating habits Getting used to eating healthy is something that is difficult to do at home or at the office. But you can twist it by giving rewards if your employees can maintain their eating habits while in the office. Employers can provide provisions such as creating a nutrition challenge which will provide rewards for anyone who tries to have healthier eating habits. Taking employees to nutrition seminars, giving presentations about managing healthy eating patterns, will intrigue your employees to take part in the wellness program and aim to get the prizes you promised. Encourage walking or biking to the office You can create a program on certain days to tell employees to walk or bike a certain distance from the office. You can use live location to check each of your employees so that no one is cheating, and not only employees, but also higher-ups to show that everyone in the office supports the wellness program without exception. If the weather is not favorable at that time, the office needs to accommodate employees for their commuting costs when taking a taxi or online platform. Schedule yoga day Buy each employee a yoga mat and tell them to bring appropriate clothes and pants for doing yoga together in the office. Hire a yoga instructor for one session a month or once a week, to get employees used to doing yoga together. Yoga is a light exercise activity that can stretch muscles, improve blood circulation, and temporarily relax the brain. Doing yoga activities together with colleagues will bring fun and joy, especially if you can plan it regularly. Acknowledgment and gratefulness meeting Sometimes meetings just discuss important things in the office and focus on the company's progress. But this time, you need to hold a special meeting to be held at the end of the week, to congratulate employees for this week's achievements, acknowledge what achievements the employees have achieved, and be grateful for what the company has achieved in the same week. This will teach employees that their performance is always monitored, and higher-ups will provide praise if employees work better than their expectations. Change attire to casual Sometimes employees will also get bored with them having to prepare every morning to dress neatly in heels, suit and tie. You can tell employees to wear something casual, according to the style they want. Dressing casually will make employees more productive, they will be happy because they don't have to be strict about the dress code, they will feel more comfortable in the office because of the different atmosphere with different costumes. If you look deeper, having a dress code in the office will not have any effect other than showing your office identity. So this will not affect office productivity. However, if your employees are happy because they are free to get dressed, they will feel totally free and will be more productive on that day. Visit a local farmer’s market for shopping and lunch Visiting the local farmer's market will give each employee time to relax, as well as offering to pay for every organic produce that employees choose. Figure out how to transport to reach the local market, whether walking or by vehicle, then let employees choose the organic goods they will buy. Because each employee can only choose organic products, you indirectly make your employees think about cooking according to what they buy. You can also make your employees eat healthy food at their home. Survey your employees to find out what's working and what's not Employee satisfaction at work can be seen from what they do. Don't waste your employees' time and energy by allowing a program that doesn't produce much, but you force it because you think it's good. Ask for feedback from employees to create wellness initiatives, until they can find something that is beneficial or engaging as a whole. Give employees time to discuss what programs should remain in place, what parts should be improved, and what programs should be discontinued. By giving authority to employees, they will be more satisfied with their work, because they feel they have a stake in the overall progress of the company. Offer flexible working arrangements Correct working hours will provide more productivity time compared to long work hours. You need to have discussions with employees about their productive time, starting from the time they come in until the time they go home. For effective working time and ensuring that each employee works with full energy, it is 6 hours. Moreover, employees will not be able to fully focus because they need rest, want to stabilize their mind, and time for cravings or eating. If you do a productivity survey, you will see that your employees are much more productive when their working hours are flexible, compared to when they have to work longer and strict hours. Go enjoy nature together For some employees who are stressed because of their work, you need to take them out of the office to enjoy nature such as beaches, hills, mountains, lakes, or other natural beauty. Accommodate all employee needs from food to transportation, and let employees relax and be one with nature. Enjoying the quiet atmosphere and beautiful natural views will be a place to relax and relieve stress drastically. Deliberate with employees about the right place for them, anything with a natural theme. Ensuring employee wellness is one of the office's obligations to ensure employees continue to provide their best performance, and the company cares about their physical and mental health. Create an employee wellness program and do it immediately in your office, and get the benefits for some time to come. If you need other information about how to thrive your business from small to medium business scale, licensing, legalization, leadership, or SME, you can visit SMEBrother and get the information you need. SMEBrother is your business bro to meet all your business needs, because we have experience in advancing any business sector you have.
Questions about exchanging a HK driving license
driving license

Questions about exchanging a HK driving license

Changing a driving license is a problem experienced by many people, especially if they did not have a Hong Kong driver's license to begin with. Exchanging a driver license can be due to many reasons, such as moving assignments to Hong Kong, moving houses, temporarily changing assignments from another country, etc. Whatever the reason, sometimes exchanging a driver license is needed as soon as possible to make it easier for users to use a car or motorbike and reduce commuting time. Driving licenses from other countries are exchangeable, but depend on the regulations of the destination country. This time we will discuss the HK driving license and where we can change it if we have a driving license from Mainland China or other countries. How do I get a HK drivers license? Before we discuss exchanging to HK driving license, we will tell you how to become a driver in Hong Kong. First, you have to learn to drive. Much driving training is provided at government designated driving schools or with a private driving instructor. The 4 designated driving schools in Hong Kong are in Yuen Long, Shatin, Ap Lei Chau, and Kwun Tong. For someone who has never had any driving experience, they must go through 30 hours of training before taking the driving test. If you want to drive a motor vehicle on the road, you must bring a learner's driving license with several conditions. For light goods vehicles and private cars, you must be at least 18 years old, then submit the application form TD555 or apply online. For motor cycles, enroll in a mandatory training course or designated driving school to gain basic skills for driving a motor cycle, do a written test, submit the application form TD555 with a Competence Test (Part B) and a Road Test (Part C) appointment. For commercial vehicles, you must be at least 21 years old, have a full driving license to drive a light good vehicle or private car for at least 1 year, and submit the application form TD556 or apply online. Driving test appointment The driving test appointment depends on the vehicle class, via written test and road test. You must pass all parts of the test before applying for a probationary or full driving license. For non-commercial vehicles, you must be at least 18 years old, submit the application form TD82 to the Hong Kong Licensing Office in person or by agent, apply online, or by post to the Kowloon Licensing Office. For commercial vehicles, you must be at least 21 years old, have a full driving license for a light goods vehicle or drive a private car for at least 1 year, not carry out road traffic offenses during the 5 years preceding the application, hold a Hong Kong Identity Card or valid Hong Kong Permanent Identity Card, and applying online or submitting the application form TD321 to Transport Department by post. Applying for a driving license The full driving license is divided into two, namely for non-commercial vehicles and commercial vehicles. For non-commercial vehicles, for private cars, motor cycles, motor tricycles, or light goods vehicles, you can only apply for a full driving license within 3 years after going through the probationary driving period. For commercial vehicles, you can apply for a full driving license within 3 years after passing the driving test. Submit the application form TD557 or apply online. For complete information about driving licenses, if you still have the information you need, you can see it on GovHK's websites. What are the parts of the driving test in Hong Kong? The driving test in Hong Kong has 2 parts, a written test and a road test. The written test has 20 questions with multiple-choice questions. You can pass if you can answer 16 or more questions correctly within 20 minutes. For road tests, there is a daily quota for each vehicle type and current number of people waiting. There are 17 road test centers in Hong Kong with 89 road test routes in total. All routes have necessary test items such as traffic signals and road junctions. The candidates must be able to respond to various road conditions and possess sufficient driving skills and abilities. For visitors who are not planning to stay in Hong Kong for more than one year, you can use a foreign driving license. But for someone who stays longer than a year, may change their foreign driving license for a Hong Kong one. Holders of an overseas driving license can apply for a full driving license without having to take a driving test. However, the driving license must be valid and not expired for more than 3 years, and must be obtained from passing a driving test at that location. If the above requirements are not met, the candidate must go to the Transport Department for a license exchange application with application form TD63A and must be submitted in person or by an authorized person. How do I convert my driving license to Hong Kong? If you want to convert from China driving license in Hong Kong or other countries driving license to Hong Kong, you need to visit the Transport Department or a certain agent who can help you to arrange it and follow specific guidelines. The process involves providing documentation, such as proof of identity, current driving license, and proof of residency in Hong Kong. You need to pass a driving test and medical examination, depending on regulations in Hong Kong and your current driving license. Always check the latest requirements and procedures to ensure you get up-to-date information.   Or if you feel that it is difficult or don't have much time to arrange for an HK driving license, you can contact SMEBrother to convert your Chinese driving license to HK driving license. All matters for driving licenses can be taken care of by SMEBrother, and we will help you with all your needs, starting from what documents are needed, to the application forms required.
Why a Notary Is Essential
Notary

Why a Notary Is Essential for Every Single Business in Hong Kong

Every company needs a notary for documents that need to be legalized for business purposes. Notaries have a crucial role in ensuring the legality, integrity and authenticity of important business documents. Every single business considers a notary to be essential because it hopes to save money and time, as well as ensuring that their clients are always protected in the field of legality. HK company notarization will be required if you have a business in Hong Kong, with various existing rules and regulations. If you want to know more details, let's discuss it in this article. Why Every Business Needs a Notary Starting or renewing a notary will not cost much. Every business will need a notary as a small investment for them. Let's see why HK company notarization is essential and worth the money. Saves time Business people have endless activities, and spend a lot of time commuting and transporting to other offices or visiting banks to notarize some contracts. Hiring a notary will reduce your effort and save your time going to several places at once amidst the busyness of your business activities. Instead of having to spend a lot of money and time on commuting and taking care of legalities, you can get your business forms notarized and delivered directly to your office. Requires less effort Sometimes customers will bring forms and documents with incorrect notarization. If you are a business that does not have a notary ready in your office, you can only tell your customers to go to get proper authorization. This will make your customers waste time and think again about choosing to visit your office again. To ensure that the customers are happy even if they provide inappropriate documents and forms, you can keep a notary on board to complete incorrect notarization according to customers' queries. Better customer service Building customers is one way to make your business stay afloat in the future. To maximize revenue and profits, you need to give your best effort to keep old clients and attract new clients. Maintaining relationships with customers will ensure they do not look for other alternatives. One way to give your best effort to clients is to notarize their documents at your office. This will help a lot with consumer needs and cut down the time while showing your professionalism to clients. Before starting notarization, you must check whether the documents you need for business purposes require notarization. The local notary or end-user must be able to confirm this. Contemplate timing implications. You need to consider time constraints because each notarization requires some time which must be adjusted to your transaction process. Also check what notarial and legalization fees are. What are Notarization and Legalization in Hong Kong? Hong Kong notarization and legalization are common ways to attest documents and recognize foreign legal systems. This procedure is a matter of international commercial and private law as usual. Still, the power to enforce document verification is generally carried out by a higher-level authority. Certification from original certification with a labeled seal or stamp, and international notary refers to the second level certification issued by national government agencies. Generally, deeds legalized by a notary can be used internationally and within a short period of time. The document must be certified twice before it can have legal force in the recipient country, as there is a similar verification process but legalization of the embassy by the consular office is required. You need to know about HK company notarization if you have the same problem. What are the purposes of company notarization? You need an experienced solicitor as a notary public, registered with the Register of Notaries Public and at the High Court of Hong Kong. A notary public can notarize a document, certify or witness a person's identity, authenticate a signature, and certify a legal document. When you set up a business in Hong Kong, there are many documents that must be notarized. Notarized documents will be requested by overseas receiving parties, such as government or banks to ensure the authenticity of the documents. The notarized documents can be used for company registration, bank account opening, trading immigration, or for the sale or purchase of land. 企業公證服務【推薦】最新流程大全| 驗證流程一次掌握 Common notarized documents in Hong Kong companies are: Certificate of Incorporation, Business Registration Certificate, Articles of Association, Annual Return, Passport copy of shareholder, director, or authorized signer, Resolution, Agreement and business contract. Reasons why HK company notarization is needed There are many situations in business that require notarization. Based on relevant laws and administrative rules of mainland China, notarization is required when a Hong Kong company will create a company, branch, or representative office in the mainland. When the board of directors decides to apply it to the mainland, it must be supervised and notarized by an evaluator. Notarization is also required when you want relatives from the mainland to come to Hong Kong and take over property or live permanently. You also need notarization when a Hong Kong company entrusts a mainland law firm or other person to handle specific business. With so many notarization needs in Hong Kong, you need to apply for China Appointed Attesting Officer Notarization Service. SMEBrother is the right place for you to get HK company notarization in China that are simple, quick and low cost. SMEBrother is a professional Chinese and English consultant with years of service experience who can answer all your questions regarding notarization and legalization. SME Bro is found in 2012 and provides business service for SME companies with years of network, reasonable pricing, and excellent knowledge about supporting our clients and becoming a business brother. Efficient handling from us who are familiar with foreign businessmen to handle documents in various regions, and have a high pass rate for work visas. We also offer you low-cost service, first-hand prices, no intermediate agents, and clearly marked prices. You just need to focus on expanding your business, let us take care of your notarization and legalization needs. All needs such as submitting documents, making notarized documents, enrollment, notarized documents forwarded with seal are our expertise.
Auditing
Accounting Service

5 Reasons Why Auditing is Important in Business

Auditing is something that is needed for business progress that assesses the documentation and evidence of the economic transactions of a company. Without auditing, the office does not have independent examination and open-minded people to obtain financial statements. There are still many companies that do not see that auditing is a primary need, and are still thinking about other things. Why auditing is important? This article will answer your questions about this. What is auditing? Auditing is an official inspection and verification carried out by business' management, by government, or outside parties to check the credibility of financial reports, in case there is suspicious financial activity. Auditing can be done to check all financial records, from individuals to businesses. The main goal of auditing is to ensure that the company has accurate financial statements and follows regulatory guidelines. Auditing provides confidence to creditors, investors and stakeholders as assurance that they can rely on your company. The different types of audits There are several types of audits that businesses can choose from to assess the overall company health. The following are several different types of audits: Internal audit This audit is carried out with the company, with the owners taking the initiative to get the firm audited. The internal auditing is needed to update company board members about the finances. It helps the company to check and adjust to the firm's financial goals. External audit The external audit has requirements and rules made by its shareholders. External audits are carried out at annual general meetings, to be shown to all shareholders and board of directors meetings. This audit can be done half-yearly, quarterly, or annually. Performance audits Auditors will conduct performance audits by assessing business systems and processes, while measuring their productivity and efficiency against business goals. The main objectives of performance audits are business perspective analysis, evaluation of the company's internal control, and assessing program results and effectiveness. Operational audits This audit is almost the same as an internal audit, the difference is that agents are hired to improve organizational operations and check which areas are less efficient.   Reasons Why an Internal Audit is Necessary in a Company   The main goal is to align the company with its goals, analyze the policies, check for progress, and see the outcomes of its functions. Information system audit The digital era means that every company will use software to speed up its business performance. But the company still needs an audit to check whether there are IT risks, how the security of the company's data can be guaranteed, and what preventive ways the company can minimize data breaches. The report of this audit will ensure stakeholders that the company has carried out data protection properly, and the business structure is always updated. Why auditing is important for your business? There will always be reasons to answer "why auditing is important" because we have to know the background of why we have to carry out an audit by hiring auditors for the progress of our business. Here are the 5 main reasons why auditing is vital for your business. Provides objective insight Every company will not be able to audit your own work, because they could face a conflict of interest. To remain objective, you must hire an auditor or team that does not have any operational responsibility. Companies must have a different, independent and unbiased view, to add value to the organization. Auditing purposes can be carried out by cross-training employees in different departments, to see office conditions broadly and from several different points of view. Evaluate risks and protect assets Audits will help management to identify and check risks through a systematic risk assessment. A remediation plan can be carried out if the risk assessment can identify any gaps in the work environment. Every environmental change will be tracked and documented, to ensure that mitigation will uncover risks. Every asset must be safeguarded, and every risk must be considered. Improve operations efficiency An objective review of organizational policies and procedures is needed, because the company needs to ensure that it has followed the right procedures and policies. Company policies and procedures must be aligned with possible risks in order to overcome various forms of company risk. Monitoring and evaluation must be carried out on an ongoing basis, so that you can identify suggestions for business progress and increase its efficiency and effectiveness. Once the audit runs smoothly, your organization will trust the operational process and it can be carried out regularly and efficiently. Assesses controls Companies need internal audits to improve the organization's control environment. This is needed to assess the efficiency and effectiveness of operations. Internal audits can be used to ensure whether risk mitigation is adequate? Are the company controls in accordance with the purpose? All company controls are only useful to help the organization, but auditing also helps you achieve its goals. Ensure compliance with laws and regulations Internal audits need to be carried out regularly because they can ensure that the company is in compliance with all relevant laws and regulations. If the audit can be carried out successfully and get good results, you will have peace of mind for the next audit. Companies that do not comply with regulations can be subject to expensive fines and have a negative impact on future business. But if an audit is done correctly, it can be an important enabler for any licensing, and gain greater client confidence. How to choose the best auditors? Now, we already understand why auditing is important. Thinking about auditing firms is the same as thinking about long-term business partners. Auditors are someone who can be collaborated with year after year, and they can be an important figure for the organization's success. There are several key qualities that organizations should look for when choosing an auditing firm: A solid reputation The reputation of auditors must be taken into account, because of how many companies they have dealt with, whether there have been positive results from the companies they have collaborated with. Even though there is no guarantee that the auditing process will run smoothly, checking the reputation of the auditory firm will provide security and reduce skepticism about your audit report. The right qualifications Ensure the auditing firm has carried out training and qualifications, making them certified as proper auditors and showing how they perform assessments according to what your company needs. Certifications such as public accountant, or global licensed are the auditory firms you need. Room for negoisations Look for auditors who can be negotiated with for long-term cooperation. If you pay a short-term auditor at a high price but there is no change for your business, of course you will lose money. To choose a non-permanent auditor, look at auditors who can offer competitive prices, total transparency of assessments, and provide exceptional value. Customer service Auditors must have good communication skills with consumers. Auditors not only communicate with higher ups, but also all staff members needed to analyze data, discuss risk mitigation, and company goals. What companies most hope for is an auditing firm that is friendly, responsive and helpful. Are you looking for an auditing film that has all the needs for your company? SMEBrother is your answer. Since 2012, SMEBrother has been an extra support for many businesses for SME companies. SME business is challenging, but we as auditory firm can support our clients on all fronts and become a business brother. Our website not only provides important information about how to thrive your business, but also helps you with licensing, finance, and auditing. Immediately visit our website, and let's talk about what we can do to help your SME business.
時隔8年,香港年中將重推投資移民!
投資移民

時隔8年,香港年中將重推投資移民!

12月19日,香港特區政府財經事務及庫務局局長許正宇正式公佈新「資本投資者入境計畫」相關詳情。 根據計劃,方案於明年年中開始接受申請,符合資格申請人在香港投資3000萬或以上港元,可申請入境香港。 其中,投資項目中新設300萬港元的“資本投資者入境計劃投資組合”,主要為創新科技等有利於香港長遠發展的相關項目。據悉,這是在香港特區政府“搶企業、搶人才”背景下,時隔8年重啟了“資本投資者入境計劃”,意在吸引高淨值人群和企業,帶動香港經濟發展。 「新資本投資者入境計劃」列為發展家族辦公室的八大政策措施之一,吸引資產擁有人在香港落戶發展,並透過調配和管理財富,發掘本港多元的投資機會。新計劃將有助增強香港資產及財富管理、金融及相關專業界别的發展優勢,並為業界服務鏈的各個環節帶來更多商機和高質量就業機會。 香港曾於「沙士」(中國稱非典型肺炎)大挫本地經濟的2003年杪推出投資移民計畫,申請門檻為650萬元,其後調升至1000萬,於2015年1月結束,其間共批出逾3.5宗申請,財經事務及庫務局局長許正宇昨(19日)午公布這項名為「新資本投資者入境計畫」(CIES)的投資移民計畫時表示,以過往CIES暫停前十年每年平均有約4000人落戶香港丶每人3000萬計算,新計畫每年可為香港帶來1200億元新資金。但他強調,這只是參考數字,並非港府目標。 港府宣布,計劃下的申請人須在提出申請前兩年內的所有時間,絕對實益擁有不少於3000萬元的淨資產或等值外幣。 獲許投資資產分為3個類別: 1)金融資產包括股票、債券、存款證、後償債項、合資集體投資計劃、有限合夥基金,; 2)非住宅房地產,第一類及二類涉及2700萬元; 3)支持創新及科技行業和其他重點行業發展,即資金投資者入境計劃投資組合需要300萬元。   申請人必須是 18 歲以上的外國國民、中國籍而已取得外國永久性居民身份的人士、澳門居民以及台灣華籍居民。申請人可帶同受養人來港,包括配偶、同性及或異性伴侶,以及 18 歲以下未婚受養子女。申請人可獲准在港逗留兩年,期滿後可申請延長三年,三年期滿後可再申請三年,總共是「2+3+3」。如果申請人在港連續居住未少於七年,可申請成為永久居民,往後可以自由處置資產,亦可享受置業「先免後徵」安排。 目前沒有為申請人數定目標,若以過去平均每年有 4,000 宗申請計算,假設全部是新資金,帶給香港的資金將有 1,200 億港元。新計劃最快年中開始接受申請。