Business Centre – The Need of The Hour

Business Centre Defined:

According to the Collins’ Dictionary, a Business Centre is a place which provides office services and facilities. A Business Centre is basically a region of space which is ambient for setting up businesses of different types.

Business centers can also be defined as premises which can be used for commercial purposes for short periods of time on a basis of membership. The business centre often charges for the accommodation of full service, which is normally higher than the rental of standardized office space and includes facilities such as housekeeping, security, electricity etc. Business Centers are often located in a particular part of town which tends to have already specified regions which can be used for different business activities.

Characteristics of a Business Centre:

A Business Center is often shared between different businesses. Lobby space, Support staff, equipments, rooms for conferences, communication services are all shared so as to maximize the potential of the business place.

A typical Business Center offers offices ranging from small to medium sizes. They are usually fully furnished and fully equipped with the necessary artifacts to fully satisfy the customers’ requirements. These services often include telephone and internet services, mail management and maintenance among others. Business Centers also provide additional services which a customer can avail if they want to such as legal advices. These centers can also be acquired for a limited time frame in cases where the customer does not have long-term plans.

Types of Business Centers:

These setting up of business centers are often initiated by governments, aiming at increasing the growth of a country and helping the economy grow to its maximum potential. Setting up a business center can also be a private venture where wealthy investors invest their money into creating and setting up a center and then leasing the customers who are in need for such facilities. Setting up of a business center often creates many job opportunities for the people of the local community, which also helps in the growth of an economy.


With the passage of the industrial era, it has become mandatory for a country or a community to set up a few business centers if it has to thrive in the changing times.  A Business Center as a concept ranks as one of the best inventions of modern times. It bridges a gap between the consumer and seller market and takes the process of performing business to the next level by providing easy and fast services.

Why should a company choose IPO in Hong Kong?

The capital market in Hong Kong has reputation of being just and fair. The listed companies in the IPO in Hong Kong have the advantage of working in the market that is properly regulated and transparent.  In Hong Kong, The Composite International Standards of capital can create growth opportunities, thus gaining the trust of the investors. There are chiefly 3 reasons why a company should choose IPO in Hong Kong

  • The special advantage from Capital market: Hong Kong market is internationally recognized by industrial professional. It has raised capital for big companies many times. There is no foreign exchange control, no constraint on the entering and exit of the capital, low taxation, best infrastructure, supportive government. All this has helped the listed companies Hong Kong establish international operations. The legal obligations are also simple, which further helps in boosting the confidence of investors in the company.

In order to get listed in IPO in Hong Kong, the company requires following international protocol and having high level of disclosure. The Stock Exchange in Hong Kong demands that the investors have timely updated information about the companies finance. This update has to be transparent, so that the investors can evaluate the position of the company in the market and calculate future perspectives. After getting listed the Hong Kong market for six months, the company can have its first IPO financing. Apart from this the comprehensive trading, sanctuary and the banking facilities, settlement and clearing facilities make the transaction of the companies convenient.

  • Diverse form of listing in order to meet various demands: the companies can either be listed in Main Board or GEM. The Main board market is related financial requirements of the company. It includes real estate, banking and comprehensive companies. The requirements for GEM listing are similar to Main Board but it has lesser restrictions.

When a company is listed in Hong Kong Market it should follow Hong Kong Financial Reporting and International Financial Reporting standards. The Hong Kong market accepts the US accounting standards, if the company is listed in NASDAQ.

  • IPO in Hong is close to Asia and China market: possibility of conveniently exchanging with mainland china, Hong Kong plays host to international market. It has a very important role to bring international and overseas companies into the Asian and Chinese market. These companies want to enter the Hong Kong Market so that they have an open exposure to the Asian market. This gives them an opportunity to raise their funds and increase progress level in Asia.

Benefits of Corporate Secretarial Services

Corporate secretarial service companies provide corporations with the necessary advice and consultation to avoid non compliance of their companies. This provides the owner or manager extra time to manage the company properly and increase profits. There are various advantages associated with these services. Corporate secretarial service companies exist across the globe and prove highly beneficial to companies. In Hong Kong, one should take the time to perform the appropriate research and find out which companies are the best in the market. Choosing the right company is highly important in order to be assured of quality services at all times.

Benefits of Corporate Secretarial Service

As mentioned above, there are various advantages associated with Corporate Secretarial Service companies. These advantages are both beneficial to the company as whole as well as the owner. Once you get to understand the benefits of such services one will get to know why such companies are highly important when running a business. Some of the main advantages of such companies include;

  • Multiple tasks- once you are able to find the right individual or company for the job, he or she will be able to perform various tasks in the company. These individuals are highly skilled in different organizational and managerial roles in the company. With the company secretary, some burden of running the company will be lifted from your shoulders.
  • Time saving- once you are able to find the right secretarial service, he or she will be able to lift off some work from other offices. This saves the other offices time to perform other tasks thus enhancing time management.
  • Confidence- a company secretary will be able to handle different company issues giving confidence to the owner when it comes to fines and breaches. These individuals are usually organized and will in turn improve the company’s efficiency.
  • Laws- most of these secretaries have a great understanding on company laws. This means that they will be able to provide the company with the right form of advice when it comes to the legal sector. This service at times saves the company the extra cost of having to pay a lawyer for advice.
  • Neat records- the company secretary is usually in charge of maintaining the company records. They always ensure that the records are kept in an organized manner so as to make it easier when it is needed in the future. These are just some of the basic advantages of having such an individual in the company.

The structural set of an organization through corporate finance

The term corporate finance involves the use of finances that is impacted by any decision that is made for an organization. That means that all the decisions that have even a slight monetary implication are under the corporate finance of that firm. It is important to understand first that finance is the lifeblood of an organization and affects every decision made. Hence, any decision must be based on the structural framework of finance. This makes corporate finance the most challenging aspect of managing an organization.
Business and corporate finance are conceptually the same and work on similar financial principles of investment from the owners of the organization and returns to be provided through profits. Small organization, that do not have a distinct personality from their owners usually give back everything that is earned as profits but large scale organizations with their own corporate identity, can decide within the annual general meeting to retain certain profits and distribute some others as dividends. The shareholders have the power to vote on this also. The corporate finance is managed with the consent of the owners in this way.
There are three important components of corporate finance that help with the daily running of an organization. These are investment, financing and providing dividends. As explained earlier – the lifeblood of an organization is within its financial management. Investment is the venture capital that is, the sum invested by the first investors in order to begin the work in the commercial world. It is the starting point for any business. In return, the venture capitalist either get holding shares of the company or the sum invested by them is returned to them as a liability, as agreed upon. Venture capitalists are usually owners of the company or individuals or financial institutions that support them.
Next comes the financing aspect. Corporate finance deals a lot with the business as usual management of a company. The short term and long term management of finances so that the running of the business is smooth is an on-going process. It requires attention to detail, forecasting and budgeting to ensure that there are no hitches with the operation of the company.
Lastly, corporate finance manages the dividend aspect of an organization. Dividends are nothing but the returns that are provided to the owners of the company. It is the reason why an equity investor looking for returns would invest in a company. The corporate aspect of the management of dividends is within distributing sufficient profits that the share prices are positively affected yet retaining sufficient that the other needs of the organization are fulfilled.

Setting up your Information and Communications Technology Firm in Hong Kong

Hong Kong is Asia’s leading hub in the areas of logistics, financial services and transportation. Several organizations from the Information and Communications Technology (ICT) industry has chosen Hong Kong to be their operational hub in order to cater to several Asian markets and clients.

Apart from providing access to Asia’s leading ICT markets, Hong Kong itself is a rich market for ICT companies. There are around 3,800 regional headquarters and registered offices of ICT companies in and around the city. Moreover, thousand more businesses are located throughout the entire Greater Pearl River Delta (GPRD) region, making Hong Kong a ready market for all ICT organizations. As Hong Kong is located in the centre of the continent, its location is an advantage for organizations that are looking to manage a centralized hub with access to all leading markets of Asia. Additionally, the abundance of skilled professionals is a major boost to the ICT industries operating out of Hong Kong.

The world-class infrastructure of Hong Kong pitches it as the perfect hub for organizations with an international outlook. The state of the art telecommunication infrastructure makes it an exceptional site for a data centre. In fact,the Penetration of High Speed Optical Technologies Index ranked Hong Kong as the second best in 2011. There are eight submarine and 17 overland cable systems along with eight satellites for external communications. The connection infrastucture would be ramped up with more systems to be installed in 2012 and 2013. The new projects include the Asia Submarine-Cable Express and Southeast Asia Japan Cable. The world-class connection is heavily boosted by the reliable electric supply, which currently provides an excellent guaranteed uptime of 99.99 per cent. Moreover, the strategic central location of Hong Kong also keeps it away from any major natural distaster.

The sophisticated communications system and the high-tech infrastructure, coupled with high-quality workforce and a reliable power system makes Hong Kong an ideal destination for data storage and security. Hong Kong is currently the region’s hub for several logistics, finance and professional services firms – all of which rely on secure and private data storage facilities to operate smoothly. With the help of its robust environment for data protection and privacy, Hong Kong is now being preferred by several organizations for their data centre activities. A lot of these organizations are outsourcing their date storage and management operations to data centre firms operating in Hong Kong.

Hong Kong Company Development Puts Your company within the Gateway

There are plenty causes to go after the Hong Kong Business development, however there are 2 that leading the record. Very first is the fact the economy rates among the freest on earth. Second of all, Hong Kong is a entrance in order to China. Along with China lately becoming the planet’s second biggest economy, being the entrance region is an essential function. Businesses finding within Hong Kong usually are poised with regard to main growth.

The united states Heritage Foundation prepares the index which measure financial independence. Within its 2006 Catalog of Economic Independence, Hong Kong lead the record. Economic independence is concerned along with how very easily businesses can type and particularly how international businesses are handled. Any international investor developing a company within Hong Kong will probably be very happy to discover that international businesses are handled the same method as household companies. Foreign opportunities are urged through the financial policies designed to market development.

Among the attractive top features of Hong Kong is a banking program. Often times foreign traders have severe concerns regarding the security of their cash if it is invested in company capital inside a foreign nation. So how exactly does an enterprise have guarantee that cash is guarded along with banking procedures are safe? One method to tell is through reviewing your governmental financial needs. Within Hong Kong, a company need to prove it’s “real” just before it is permitted to open the banking account. There’s careful report on detailed paperwork to determine whether a business is really a genuine operation as well as whether it is cash laundering or even involved in unlawful actions. Throughout a Hong Kong company development, genuine businesses will not have difficulties opening a merchant account but they will certainly understand they’re protected through laws.

Starting the Hong Kong bank account needs lots of very particular business paperwork. To begin with you have to prove you’re a true company and clarify the type of company that will be run. Additionally, you need to submit titles of your providers, financial claims, names regarding executives along with supervisors, and even more. The applying need to be very carefully completed with precision, along with a professional may and should aid in order to assist the process together. Along with proper conclusion and distribution, you may expect that an accounts number will be designated inside a month.

For ease, you can entry the Hong Kong bank-account on the net. This really is an essential feature if you wish to have the ability to access money from several places. The minimal deposit for you to open the bank account is US$2, 000.

Visas for investment in Hong Kong – One-Man Companies May Receive Authorization

We’ve recently had a few interesting investment visa Hong Kong ‘wins’ that travel facing the generally parlayed mantra which ‘one man companies never obtain approved’ through the HK Immigration Department.

Below are a few can’t be thought to apply in most single example of a one-man simply investment visa program with regard to Hong Kong, however it does talk to the reality which such companies CAN in fact obtain an authorization through the HKID – only if you’ve:

· A persuasive rationale for beginning as a single owner.

· Readily obtainable money to invest at a stage that is fairly greater than the smallest amount 6 months income.

· A powerful in your company plan that’s compelling or else offers appealing or rare ‘human capital’ for the HKSAR.

· A manifestly clear intention to produce local work ultimately, if not instantly.

· Your ducks or else fully arranged!

Using the facts slightly modified to safeguard the secrecy of our customers, listed below are the essential situations of two, individual ‘one man businesses’ that went on to safe the authorization of the HKID below our counsel along with us controlling the programs.
The first required an interior style services expert who had a couple of years prior home in Hong Kong being an employee however was altering careers totally in joining within his start up business. His company was ‘him’, for those intents and reasons however he did possess some ‘family IP’ that he was getting to the company, which usually his father had used in a comparable family business in the UK with regard to over 30 many years. Although his father experienced retired a few years formerly, he was hired to the board in our customer’s one guy limited responsibility company along with was manifestly likely to help out their son away with lawyer and guidance. Throw within 12 months really worth of money ready to commit, the assistance of particular HK contacts that indicated they’d provide company for this, at first, one guy operation along with a plan that clearly shown that if the development trajectory was accomplished, new work would be produced as sure because night comes after day time, the HKID purchased into the debate and authorized the applying with no a lot more fuss compared to can be expected where you will find much larger size investment ideas regarding Hong Kong.

Developing Your Desire Company within Hong Kong

The actual increasing competition within the service field and the dangers of joblessness have motivated people to setup their own projects. Even though forming a business demands a lot more effort compared to finding a work, it has lots of benefits more than being employed. First of all, company development gives you the freedom to operate it how you such as, and you will apply ideas you have already been enthusiastic regarding. Even so, to be able to add a business, there are many financial, social along with environment factors that certain needs to think about.

To find success together with your company, an effective environment is actually essential. The regulating bodies from the company’s area will be able to give you great tax guidelines, top quality labor along with a simplified lawful system which facilitates fast as well as hassle-free business incorporation. According to the worldwide trend, Hong Kong provides emerged to get probably the most preferred destinations with regard to opportunities.

The affordable and admin atmosphere inside Hong Kong is very conductive with regard to setting up a fresh business. The actual state-of-the-art national infrastructure and the extremely modernized conversation facilities may be very easily leveraged to avoid the first hiccups that certain face whilst working inside a struggling overall economy. There are numerous work at home opportunities that certain can discover within Hong Kong, and something can begin a company inside 24 business hrs.
Along with among the best legal and also admin systems on the planet, Hong Kong features a higher reputation amongst financers globally, and so, it is simpler to obtain preliminary finance for the business. Additionally, along with Hong Kong using a friendly foreign currency plan, various currencies can be moved as per the comfort – the industry large bonus for worldwide investors prepared to setup company within Hong Kong. The taxes system is helpful to the traders, because the profit taxes levied about the revenue is really a flat 16. 5% along with has to be declared simply one per year.

The organizational framework is quite simple – an individual, willing to purchase a endeavor, can begin a company along with him or her becoming the overseer. Even so, it is needed to have one or more local citizen or business incorporation inside your organization underneath the part of lawful assistant. Furthermore, you have to provide a nearby address to become used because the registered conversation tackle for the business.

Hong Kong As An Effective And Efficient Part of Economies

Hong Kong is the most popular city of Asia for worldwide enterprise. Its stable appeal is built on political stability, the direct of law, free market values, effective communication of collected information, and English as its medium

Enterprises in Hong Kong are able to get benefited from:

  1. World’s best and fast growing economies.
  2. Unaligned judiciary and the rule of regulation.
  3. Free interpretation of data collected.

The 2012 Globalization Index, issued by Ernst & Young along with the EIU (Economist Intelligence Unit), declares that Hong Kong is among the world’s 60 best economies for the consecutive third year.

Two systems in one country

Hong Kong is a city that has been influenced by Chinese dominion since 1997 but has a distinguished legal and political system founded on principles that give an idea of ‘One Country, 2 Systems’. This helps in maintaining primary authority that underpins its achievements as the international enterprise city. Although enhancing opportunities in Mainland China to apply and get unrivalled access.

  1. Playing area for all – no foreign ownership limitations.
  2. Maintain rules and clean government with the support of independent judiciary.
  3. Effective utilization of information, capital, goods and talent.
  4. Convertibility of RMB (Renminbi) to Hong Kong dollar is separated.
  5. Self directed legislative and supervisory powers.
  6. Remains individual in worldwide forums like the World Trade Organization.
  7. Authorized languages are Chinese and English, with English as the standard language of contracts and business.

World’s main corruption free city

Transparency International’s Corruption insights catalogue 2012 stated that Hong Kong is the world’s least corrupt finances in the world. It ranks ahead of nations encompassing the France UK, Japan and the US. Bribery, influence-peddling and Cronyism obtain zero tolerance, due to Hong Kong’s strong public management, which guarantees that companies are free to practice their enterprise concerns on a level playing area.

Hong Kong’s ICAC (Independent Commission against Corruption) grant free guidance to corporation on how to avoid corruption. Introduced in 1974, Australia have utilized it for their corruption fighting bureaus and its success has been such that states round the world.

Distinct legal system

With its firm pledge to the direct of law, Hong Kong is a well liked place to settle disputes and structure contracts. Hong Kong’s legal structure is based on the British Common Regulatory scheme and it has a completely independent judiciary. The city furthermore recommends comprehensive arbitration services and mediation, which offer judgment that are enforceable in various jurisdictions.

Taiwanese fried chicken product establishes footing in Hong Kong

Ji Guang Holding Company Limited (Ji Guang) from Taiwan opened up its first shop in Hong Kong nowadays (November 20), included in its expansion strategy in Asia.
With a historical past of Four decades of making Taiwanese fried roasted chicken, Ji Guang is going to globalise its company. Following successful growth in Mainland China as well as Singapore, the company’s very first store in Hong Kong is a crucial step in its 2013 growth strategy. The new shop at The Lane shopping mall, over Hang Hau MTR station, provides constant customer demand from the regional mixture of shopping, industrial and residential areas.

Ji Guang Holding Company Limited (Ji Guang) from Taiwan opened up its very first store at The Lane retail center, over Hang Hau MTR station in Hong Kong these days (November 20). Deputy General Manager stated, “Hong Kong is both equally a global city along with a diners’ heaven, that makes it a perfect platform for our globalisation technique. That is the reason why we select Hong Kong as our local head office and to co-operate with Hong Kong’s Kata F&B Limited to assist us market Taiwanese delicacies to the world.

“Hong Kong as well as Taiwan have familiar ties and folks journey a lot between the 2 places, therefore our products have a long history and are a fact among Hong Kong individuals. This devotion means that Hong Kong is really a big marketplace for our brand. It truly is our commitment to deliver to Hong Kong clients the genuine Ji Guang fried chicken, having its top quality of components and services, ” stated Mr Ho.
The Associate Director-General, Mr Andrew Davis, welcome Ji Guang’s first retail outlet in Hong Kong. He stated, “Hong Kong gets nearly FIFTY million worldwide and Mainland guests a year, meaning excellent brand publicity for companies such as Ji Guang that aim at the worldwide market. We want Ji Guang each and every success featuring its business in Hong Kong and show forward to discovering its upcoming growth soon. ”
Regarding Ji Guang
Set up in 1973, Ji Guang is really a market innovator in the market as well as famous for its family members recipe that produces vintage Taiwanese “J&G Deep-fried Chicken”. This imports from Taiwan all of the unique marinades as well as great deep-fryer stoves, and all sorts of chickens are fried-to-order for overall quality.