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!

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email 
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Follow us on:
LinkedIn: Primasia
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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. 


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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

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

Thursday, 29 September 2016

China Updates- laws on foreign invested enterprises

The National People's Congress approved, effective 1st October, amendments to the various laws on foreign invested enterprises (FIEs – i.e. WFOEs and JVs), essentially rolling out nationwide the experimental rules already applicable within free trade zones (Shanghai, Guangdong, Tianjin and Fujian).
These will affect, inter alia, incorporations of FIEs, changes to their capital structures, mergers and transfers, and will require a simple record filing procedure. 
This will mean significant changes in relation to the establishment of foreign invested enterprises (FIEs) and the structure thereof in China – it will not require the approval from the Ministry of Commerce (MOFCOM) or its local branches, as long as the business undertaken is not on a "negative list".
MOFCOM has simultaneously issued draft record filing procedures for public comment.
The “Negative List”, however, has not yet been issued. (It is likely to be the same as the list used in the free trade zones.)




***
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


Friday, 16 September 2016

Hong Kong Updates- Block Exemption Order

The Hong Kong Competition Commission published (on 14th September) its first proposed BEO (block exemption order). This, if finally issued, will be for various shipping liner shipping agreements. Submissions are invited before such BEO goes final.
A BEO is an exemption from the general principle (first conduct rule) under the Competition Ordinance that competition should not be restricted. A BEO can be issued where improvements in overall economic efficiency outweigh the reduction in competition.
The case in question involves vessel sharing agreements, akin to airline code-sharing) amongst shipping lines. However, additional arrangements (vessel discussion agreements), for which a BEO was also sought, are not being approved by the Competition Commission.


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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


Friday, 19 August 2016

China Updates- Online Advertising/ Cybersecurity/ Consumer Protection

Online Advertising
Further to the significant changes to its general advertising law last year, China has introduced (effective 1st September, 2016) new measures specifically affecting online advertising. These measures are seen as both a reaction to misleading online advertising and a proactive step to ensure proper regulation.

All forms of direct or indirect commercial advertising through online media are covered, including paid search results.  Some key points include:
  • All media including apps are included.
  • Publishers have an obligation to verify the advertisers and to prevent the publication of non-compliant material. 
  • ‘Pop-up’ ads must include a ‘Close’ button and one click must be sufficient to close the ad.
  • Deception (e.g. misleading indications of what is behind the click) must not be employed to get viewers to click on ads.
  • Online ads for prescription medicines and tobacco are prohibited. Approval is needed to advertise certain other (generally, health-related) products.
  • All advertisements must be easily distinguishable as ads (with the word ‘advertisement’ in Chinese); paid for search results must be prominently distinguished from other search results.
  • Various types of cyber-based unfair competition such as sabotaging competitors’ ads are banned.
Clearly, there will be many areas which will require clarification, including situations which arise from future changes in the internet itself.


Cybersecurity
On August 12th, it was announced that new mandatory standards would be introduced under the Guidelines to Strengthen National Cybersecurity Standardisation to regulate and standardise matters such as major information technology infrastructure and classified networks.

Consumer Protection
On August 5th, SAIC (the State Administration for Industry and Commerce) issued for comment draft legislation on protection of consumer rights. The draft covers product recall, fraud, online shopping return policies, personal information protection, and the general enforcement of consumer rights including privacy.



***
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

Tuesday, 26 July 2016

China Updates- Social Security/ Residence Certificates

Social Security
The rates of some social security contributions, including for old age pension and unemployment have been reduced by around 1% (expressed as a percentage of the underlying salary from which the deduction is made) with effect from the 1st of May, 2016 (to run for two years).

Residence Certificates
SAT announced that a Hong Kong certificate of residence issued for a certain year will be valid for that year and the following two years, assuming no change in the applicant's circumstances.



***
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