Author: Premia TNC

Allotting Shares in HK Private Companies — The Only Legal Way to Share Your Pie! 

Imagine your Hong Kong private company as a delicious pie. Now, the pie can be sliced into pieces called shares, and how you divide these slices among shareholders can determine who gets to enjoy the biggest bite. But unlike a casual pie at a family gathering, allotting shares in your company isn’t as simple as just slicing and handing it out. It’s a formal, legal process that ensures everyone’s slice is properly recorded, fair, and complies with Hong Kong company law.

Key Requirements for English and Chinese Company Names When Registering in Hong Kong 

Choosing the right company name is one of the first and most important steps when registering a business in Hong Kong. The company name is not only a key part of your brand identity but also a legal requirement governed by specific regulations under the Companies Ordinance. Hong Kong companies may have English, Chinese, or bilingual names, but all must comply with strict naming conventions and approval processes to ensure they meet legal standards and do not infringe on existing trademarks or registered company names.

Understanding the Singapore Annual General Meeting (AGM) for Private Companies

singapore annual general meeting (agm)

In Singapore, private companies are required to hold an Annual General Meeting (AGM) to maintain good corporate governance, engage shareholders, and comply with the Singapore Companies Act. While private companies enjoy more flexibility compared to listed companies regarding the formality and scope of these meetings, AGMs remain essential for ensuring transparency and accountability.

Regulation on Vietnam TRC Application for Foreigners

Vietnam TRC Application

The Temporary Residence Card (TRC) is a legal document granted to foreigners who meet the necessary conditions for residence in Vietnam. It serves as an alternative to a visa, offering an extended stay for eligible individuals. Unlike traditional visas that require frequent renewals, a TRC provides a more permanent solution for foreigners working, investing, or residing in the country. The benefits of holding a TRC include simplified entry and exit procedures, the ability to live and work in Vietnam legally, and access to certain services such as bank accounts and driving licenses.

Enhancing Secured Transactions: Implementing Malaysia’s Movable Property Security Interest (MPSI) Framework

Malaysia Movable Property Security Interest

In the world of finance and lending, movable property security interests play a crucial role in providing creditors with the assurance they need when extending loans. By allowing movable assets to be used as collateral, businesses can secure financing without requiring traditional forms of security like real estate. The concept of movable property security interest is essential for fostering growth, particularly for small and medium-sized enterprises (SMEs), as it opens new avenues for securing much-needed capital.

Introduction of Taiwan Value-Added Tax Filing and Government Uniform Invoice (GUI) 

Taiwan’s Value-Added Tax (VAT), formally known as the Business Tax, is a tax levied on the sale of goods and services, as well as the importation of goods. It primarily follows a VAT model similar to that in the EU, meaning tax is levied at each stage of the supply chain, but businesses can offset the input tax they have paid against the output tax they collect. The standard VAT rate in Taiwan is 5%, and most business entities are required to register for VAT once their sales surpass a certain threshold.

How to Renew and Maintain Your Radio Dealer’s License in Hong Kong  

In Hong Kong, businesses involved in the sale, import, or distribution of radio transmitting apparatus must obtain a Radio Dealer’s License from the Office of the Communications Authority (OFCA). This license ensures compliance with local regulations and allows businesses to operate legally in the radio equipment market. Below is a guide on how to renew and maintain your Radio Dealer’s License efficiently.

7 Essential Facts You Must Know Before Changing Shareholders in Hong Kong

Changing shareholders in a Hong Kong company is a significant step that can have lasting legal, financial, and operational impacts. Whether it involves transferring shares due to investment, restructuring, or succession planning, understanding the complexities involved is crucial to avoid common pitfalls that could jeopardize the company’s compliance or ownership legitimacy. Hong Kong’s business-friendly environment offers streamlined procedures, but the process demands careful attention to legal requirements, documentation, and regulatory obligations.