16th January 2015
MGI’s Hong Kong firm has produced detailed guidance on companies law and taxation in the city, in a move to highlight its expertise and ability to help businesses both inside and outside the jurisdiction.
Kenneth Chau & Co produced detailed guidance on the HKSAR’s biggest overhaul of company law in 20 years that is intended to mark out the firm as a leader in the area.
It contains all the relevant updates for companies that want to do business in Hong Kong, such as simplified rules for SMEs and enhanced protections for shareholders in large companies.
The latest law change is “a big step towards modernising Hong Kong’s corporate regime and strengthening Hong Kong’s attractiveness as a major international business and financial centre”, says Mr Aska Mak, CPA and manager of Kenneth Chau & Co.
Many of the changes will affect foreign businesses operating in Hong Kong and Kenneth Chau & Co are keen to show they can help companies of all sizes to negotiate the new rules, potentially working alongside other member firms to deliver expert advice to clients.
The guidance is a good example of how MGI firms can share their local knowledge with a wider market to deliver a joined up service for clients operating across borders.
Kenneth Chau & Co was founded in 1960 and has been a member of the MGI alliance for 35 years.
To contact the firm about the new tax rules in Hong Kong or just to find out more about what it does, head to its MGI World member profile page.