Tuesday, 17 January 2017

Expand your business to China

Want to expand your business to China? We have decades of experience in assisting our clients set up business entities in China. Contact us today!






*Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
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Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088


Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Thursday, 5 January 2017

Work Smarter With Xero


Happy New Year!
What would you like to achieve in the Year of 2017? Do you want your business to work smarter, faster and more cost effective? With Xero, you can!










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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

===================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Thursday, 24 November 2016

Primasia | Xero Certified Advisor

Xero is an easy to use but powerful online accounting system. As a Xero Certified Partner we are able to offer a full range of services from monthly/ quarterly/yearly bookkeeping to Virtual CFO, our team can act as your outsourced financial function in Hong Kong. Call us toady!



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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

=================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Saturday, 12 November 2016

Hong Kong Updates- Employment/ Competition/ Stamp Duty/ China Updates- Cybersecurity

Employment
New rules covering safety for Hong Kong’s many thousands of domestic helpers have been introduced, following a number of accidents involving falls from high windows. A proposed requirement for adult supervision of helpers was dropped, presumably because this rather takes away the real point of a domestic helper, namely to enable both spouses to go out to work.

Bizarrely, though, the changes are treated as a contractual matter, rather than a general health and safety issue, in that existing contracts will not be covered by the new rules: only new or renewed contracts (indeed, only those signed from 2017) will have to have the terms written into them.

Similarly, breach of the new rules will allow helpers a contractual remedy only.

Competition
Hong Kong’s first bid-rigging conviction was handed down in the "Garden Vista" case. In this case, renovation works were found to have been awarded at inflated prices in exchange for bribes. The (inflated) costs amounted to HK$290 million. The bribes amounted to HK$44 million.

Stamp Duty
In a further attempt to cool the residential property market, the Hong Kong Government announced an increase in stamp duty for all residential property transactions to a flat rate of 15%, effective from 5th November 2016.

The previous cooling measures were the Double Stamp Duty, ranging up to 8.5%, on purchases by non-Hong Kong permanent residents and/or second-property owners.

China Updates


Cybersecurity
China’s new (and first major) Cybersecurity law was enacted on 7th November 2016. The law enhances privacy protection but introduces hurdles for international businesses and for internet service providers (defined very broadly in the legislation) generally.

One of the key provisions is that Chinese citizens’ “personal information and important data” collected or generated during business operations in China may be required to be stored in China. Security requirements apply where data must be provided to a foreign entity outside China. Increased penalties may apply.

On the other hand, individuals are given the right to request the deletion of their personal data.



***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

=================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Monday, 31 October 2016

Our New Mobile-Friendly Website Is Live!


We are excited to announce the launch of our new mobile-friendly website after months of preparation. The website has been redesigned to be more user friendly and attractive.
 

The website has a simple and clear layout which allows visitors to learn about our company easily.  In addition to the new design, visitors can now browse our website using their smartphones. 

Please take a moment and navigate through our new website:
www.primasia.hk as well as our other social media presence. 


***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

=================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Thursday, 13 October 2016

Hong Kong Updates- e-Monitoring of Company Records/ BEPS (Base Erosion and Profit Shifting)/ Tax Credits

e-Monitoring of Company Records

Hong Kong's Companies Registry now offers an e-monitoring service (at its e-Registry), enabling customers who subscribe to monitor the updating of company information for their own, or indeed others', companies.  When a document is registered in the public records of a company specified by the subscriber to this service, a notification will be sent by e-mail. The customer may then, if they wish, order an image of the document.

 Primasia Corporate Services Ltd. will be happy to assist its clients in registering for this service.

BEPS (Base Erosion and Profit Shifting)

Hong Kong's Inland Revenue Department (IRD) has issued, for public consultation and comment, proposals for Hong Kong's adoption of BEPS, the OECD's project to reduce tax avoidance by moving profits artificially from one jurisdiction to another, following China's issue of its own guidelines earlier in the year. (China's guidelines are effectively an update of the transfer pricing rules and tools adopted in its major reform of the tax system several years ago.)

The consultation period ends on December 31st, 2016 and, “to meet the OECD's requirement, our current target is to introduce the relevant amendment bill or bills into the Legislative Council in mid-2017" according to the Secretary for Financial Services and the Treasury.

Tax Credits

The IRD has also proposed an extension for the time allowed to claim a tax credit from 2 years to 6 years.







***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

===================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088




Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Wednesday, 12 October 2016

Primasia is a Certified Advisor of the Xero Accounting software

Primasia is a Certified Advisor of the Xero Accounting software in Hong Kong!



What is Xero ?
Xero is a powerful cloud-based accounting software that’s designed for SME business and their accountants. Xero is Simple, Easy and Fast !

Why We Love XERO ? 
  •        No need to upgrade the accounting software every year
  •        No need to install an accounting software
  •        Real time financial data all data backed up on the Cloud
  •        All reports and invoices can be customized
  •        Invoices can be created and sent online
  •        Xero’s mobile app allows you to manage your business


We have a team of Xero Certified Advisors to support  you and your business. We offer variety of packages to fit your needs.


Please talk to us today and find out more about Xero and our supporting services. 


***
Primasia will post the updates of Hong Kong and China from time to time. Follow us on our WebsiteBloggerLinkedIn and stay tunned for our updates!

===================================================================

Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
--------------------------
Follow us on:
LinkedIn: Primasia
--------------------------
Primasia Corporate Services Limited
Tel: +852 2882 2088





Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong