2021 Archives | Primasia

A Straightforward Guide to Opening a Bank Account in Hong Kong

Imagine this, you wanted to set up a completely new business entity or subsidiary in Hong Kong. You’ve passed the original company incorporation process and you are on the home stretch into incorporating your entity in the Hong Kong market. You have selected your company name and registered with ‘The Hong Kong Company Registry’ […]

A Comprehensive guide on understanding HR & Payroll Services in Hong Kong.

No matter whether your company is big or small, a business must be able to manage all the company’s payroll obligations easily and efficiently. The concept of payroll however is not solely tied to the idea of ensuring their employees’ wages are accurately calculated and issued to the employees. But also, the business must ensure […]

Benefits of Xero Cloud Accounting

Xero is an easy to use and powerful online accounting system which offers easy invoicing, multi-currency capabilities, handles expense claims, tracks inventory, generates smart financial reports– and offers a highly functional mobile app to help you manage your financials wherever you need to be. As certified business advisors and silver partners of Xero in Hong […]

Hong Kong International Arbitration Centre Annual Statistics

The Hong Kong International Arbitration Centre has issued statistics for 2020. The number, value and nature of the arbitrations handled in 2020 underline Hong Kong’s continuing and growing importance as an international dispute resolution jurisdiction. New Record In 2020, HKIAC received 318 arbitration filings. This is the highest number received in over a decade. Of the 318 […]

Reserve V.S. Alternate V.S. Nominee Director, what are the differences?

Primasia is a Hong Kong based company incorporations service provider, which has been supporting both existing and potential clients here locally and overseas from across the world since 1987. With over three decades’ worth of experience and knowledge in the field, we have been able to successfully incorporate our clients in top business locations across […]

China takes new foreign investment top spot from US: A Summary.

China has overtaken the United States as the world’s top destination for new foreign direct investments, according to the United Nations figures released in the first quarter in 2021. As new investments into American businesses have fallen by almost half as of last year, Chinese firms have climbed up to 4% causing the United States […]

What is Mandatory Provident Fund in Hong Kong

Hong Kong, crowned Asia’s premier financial hub is a popular business destination. As a new employer in Hong Kong, there are certain rules and different regulations that you need to be made aware of. There are numerous different regulations and schemes which people in Hong Kong must follow. This is especially seen with the Mandatory […]

Primasia Corporate Services Limited: Company Incorporation Services in Hong Kong.

Primasia is a Hong Kong based company incorporations services provider, which has been supporting our local clients and overseas clients from across the world since 1987. With over three decades’ worth of experience and knowledge of our field, we have been able to successfully incorporate for our clients in top business locations across Asia. […]

Learning the Books – A Comprehensive Guide to Bookkeeping Services in Hong Kong

Opening Up (In Hong Kong)- Update on a Locked-Down World

Light At The End Of The Tunnel The rapid development of Covid vaccines points the way to (eventual) opening up of travel, with Hong Kong likely to be one of the quickest to provide a vaccine to all its citizens. In the meantime, the further good news for companies (or individuals) planning to set up in Hong Kong is that HSBC, Hong Kong’s dominant bank, is also opening […]