Corporate Compliance Solutions in Hong Kong
Our Corporate Compliance Solutions team assists clients in Hong Kong with all financial business processes, including incorporation, company secretarial services, and accounting and payroll to ensure tax compliance.
We perform the role of a ‘virtual’ Chief Financial Officer (“CFO”) when entering new markets and assessing the competitive or regulatory landscape. Our comprehensive expertise and in-depth knowledge of the Hong Kong regulatory environment helps clients to make the right strategic decisions for their business.
Structures available to businesses in Hong Kong
The following structures are available to businesses that set up operations in Hong Kong:
- Sole Proprietorship – an unincorporated business owned and operated by one individual.
- Partnership – a business formed by two or more individuals or entities who share profits and liabilities.
- Limited Partnership (LP) – a partnership consisting of at least one general partner with unlimited liability and at least one limited partner whose liability is restricted to their investment in the business.
- Limited Liability Partnership (LLP) – a business structure where two or more partners form a separate legal entity, providing limited liability protection to its partners.
- Private Limited Company – a locally incorporated company where the maximum number of shareholders is limited to 50.
- Public Limited Company – a company that can offer shares to the public and has limited liability for its shareholders.
- Branch Office – a business extension of a foreign company, where the parent company is liable for the branch’s obligations.
- Representative Office – an office set up by a foreign company for market research and business development activities but cannot engage in direct business transactions.
Licensing and Regulatory Support Services in Hong Kong
We provide expert guidance to financial institutions (“FIs”) seeking to establish or grow their presence in Hong Kong. Our comprehensive corporate compliance solutions cover every step of the licensing and regulatory compliance journey. Financial institutions in Hong Kong are primarily regulated by the Securities and Futures Commission (SFC).
Our APAC Compliance team is well-equipped to navigate the complexities of local regulations, ensuring a seamless and efficient licensing process. We work closely with businesses to maintain compliance with Hong Kong’s evolving regulatory landscape, helping licensed entities remain fully aligned with all relevant requirements.
Find out more about Waystone’s Hong Kong Licensing and Registration services here.
Ongoing corporate compliance matters
We work with clients to ensure compliance with local corporate regulatory requirements in Hong Kong. Our ongoing corporate compliance services include:
| Being appointed as your company secretary | Preparation and maintenance of Company Memorandum and Articles (Company Constitution) | Maintaining statutory books and registers |
| Ongoing resolutions preparation and filing | Company meetings | Annual filings and statutory reporting |
| Nominee services | Registered office address | Other regulatory and statutory reporting |
Accounting and payroll services
We work with businesses to ensure compliance with Hong Kong accounting standards and payroll-related requirements and to develop standard processes and internal controls to ensure that there are no internal threats, and that information is delivered with accuracy and transparency.
To ensure smooth business operations in Hong Kong, we provide a full spectrum of accounting and payroll-related services including:
- accounting and bookkeeping
- XBRL preparation/conversion
- financial consolidation
- financial statutory reporting
- payroll services.
Accounting and HR services function outsourcing
We work proactively as a strategic partner to provide end-to-end finance, accounting and Human Resources (“HR”) services function support. At Waystone, we are well positioned to help maximise an organisation’s business value through best practices and knowledge sharing.
Cloud accounting support
We partner with online accounting softwares including Xero and QuickBooks to help businesses leverage cloud-based technology for seamless accounting and better financial control.
Key benefits of Waystone’s accounting services include:
- cost and time savings
- ensuring data security and business continuity
- real-time information on your finances
- enhanced collaboration with your business partners, accountants, managers and other staff based in different locations.
Tax compliance solutions
We have the expertise to serve clients with domestic and global multi-tax compliance services including the tax incentives that each jurisdiction offers.
Our tax compliance services include:
- corporate tax
- personal tax
- Goods and Service Tax (“GST”) services
- withholding taxes
- personal data protection services.
Bespoke corporate compliance services in Hong Kong
We provide corporate compliance services that are designed to deliver custom-made solutions for our clients. We ensure that our Hong Kong compliance services are bespoke, cutting-edge, and practical for all users and ultimately meet our clients’ individual needs.
Why choose Waystone
Waystone offers a full suite of corporate compliance solutions tailored to the needs of businesses expanding into or operating within Hong Kong. We are committed to enhancing your corporate compliance, so you can concentrate on growing your business with confidence. To learn more about our Corporate Compliance Solutions, please reach out to our APAC Compliance Solutions team today.