PRISM'S COMPANY INCORPORATION BLOG

Account Service for Hong Kong companies

Welcome to Prism's Company Incorporation official Blog!

Prism is a professional consultancy firm which assists clients in applying all kinds of Hong Kong resident visas and getting Hong Kong Identity cards. Besides, Prism provides in-house one-stop services of company incorporation for both Hong Kong and other offshore jurisdictions, accounting services, auditing, tax filing and payroll services.

Prism has more than two decades of experience in serving expatriates moving to Hong Kong. We handle more than 1,000 applications of different kinds each year. We serve both individual and corporate clients with different nationalities and different circumstances. It enriches our experiences and knowledge to handle various unusual Immigration situations.



Tax Deduction MPF TVC

How to Get Tax Deduction in 2019? Tip for Hong Kong Tax Payers Do you know you can get a tax deduction for the tax year of 2018/2019? It’s like this: As a tax payer in Hong Kong, your tax deductible limit is HK$60,000 each year, and you can get tax deductible up to $10,200. Here is how. This 60K can be the sum of Mandatory Provident Fund Tax Deductible ...

Prism Consultancy Becomes Xero Partner

Prism Becomes Xero Partner We’re now an official partner of Xero! Thank you for using our service and providing us with an opportunity to become one of your reliable business partners. We are always looking for the best way to support your business and are trying to improve our services to allow our customers to benefit from one that is the most cost efficient and beneficial. Prism is very pleased ...

Google My Business

Google My Business – Does Your Company Appear There? Use this strategy to get 300 new customers! When people are Googling your business name, does your company website show up at the top of Google? If not, you’re missing 300 potential leads a month! You could have made $1,000 profit from each lead, but now you’re losing $300,000 a month! Does your company website appear at the top position when ...

Employees Compensation Ordinance Revises Compensation Levels (in 2019)

Employees Compensation Ordinance Revises Compensation Levels (in 2019) All Hong Kong employers have been placed with an increased liability since 26 April 2019. A Resolution was passed to revise the levels of compensation. The nine compensation items that have been affected are under the 6th Schedule of Employees’ Compensation Ordinance (i.e. the ‘ECO’), Chapter 282 of the Laws of Hong Kong (see enclosed Appendix). The nine items under Employees Compensation ...

Hong Kong Public Holidays (in 2020)

Hong Kong Public Holidays (in 2019 & 2020) Hong Kong Public Holidays 2019 New Year's Day: 1 January, Tuesday Chinese / Lunar New Year: 5 February, Tuesday The 3rd Day of Chinese / Lunar New Year: 6 February, Wednesday The 3rd Day of Chinese / Lunar New Year: 7 February, Thursday Ching Ming Festival: 5 April, Saturday Good Friday: 19 April, Friday The Day Following Good Friday: 20 April, Saturday ...

Restricting Corporate Directorship in Private Companies

Restricting Corporate Directorship In Private Companies Section 457(2) of the new Companies Ordinance requires that every private company must have at least one director who is a natural person. It is expected that the new Companies Ordinance will come into operation in 2014 after enactment of all subsidiary legislation. The new requirement is applicable to all private companies registered under the new Companies Ordinance. Regarding the position of private companies ...

Hong Kong Economic and Trade Information in 2013

Hong Kong Economic and Trade Information in 2013 1. Latest Developments The Hong Kong economy expanded moderately by 3% year-on-year in real terms in the first three quarters of 2013, after growing by 1.5% in 2012. Domestic demand continued to render the key impetus to growth, with private consumption growing robustly by 4.4% in the first three quarters of 2013, amid the stable income and employment conditions. Investment expenditure, on ...

Retail rents continue to rise in world’s most expensive shopping streets

Retail rents continue to rise in world’s most expensive shopping streets Hong Kong’s Causeway Bay named as most expensive destination in 25th anniversary edition of Cushman & Wakefield’s flagship retail report Hong Kong’s Causeway Bay remains the world’s costliest retail location for the second year running and breaks through the $3,000 per sq ft barrier for the first time in the survey’s 25-year history. New York’s Fifth Avenue and Avenue ...