Welcome to HK Account Q&A. (DISCLAIMER: All information provided on this website is for self-reference only. We are not responsible for any decisions made, financial or otherwise, based on information or links provided by us. We do not guarantee the accuracy of the information. Readers are reminded that you use such information and materials entirely at your own risk. Web editor gives no warranty and accepts no responsibility or liability for the accuracy or the completeness of the information and materials contained in this website. Under no circumstances will this web's editor be held responsible or liable in any way for any claims, damages, losses, expenses, costs or liabilities whatsoever resulting or arising directly or indirectly from readers' reliance on the information and materials on this website.)
0 votes

Point 1: In Hong Kong, what kinds of business-related activity can a foreigner with visit/travelling visa perform? 

Point 2: alternative choices on "bank accounts"

Point 3: how to register international intellectual property right?

Point 4: add your business to Google map and business

Point 5: law for maximum effective rate of interest, money lender license and Crowd-funding

Point 6: CEPA - Mainland China fully implement zero tariff on imported goods of Hong Kong

Point 7: Enforcement of civil and commercial judgments between Hong Kong and the Mainland

asked by (8k points)

7 Answers

0 votes

Point 1: In Hong Kong, what kinds of business-related activity can a foreigner with visit/travelling visa perform? 

General Remarks

  1. Regulation 2(1) of the Immigration Regulations (Chapter 115A), Laws of Hong Kong, stipulates that permission given to a person to land in Hong Kong as a visitor shall be subject to the following conditions of stay:
    1. he shall not take any employment, whether paid or unpaid;
    2. he shall not establish or join in any business; and
    3. he shall not become a student at a school, university or other educational institution.
  2. A person permitted to enter Hong Kong as a visitor may generally engage in the following business-related activities:
    1. concluding contracts or submitting tenders;
    2. examining or supervising the installation/packaging of goods or equipment;
    3. participating in exhibitions or trade fairs (except selling goods or supplying services direct to the general public, or constructing exhibition booths);
    4. settling compensation or other civil proceedings;
    5. participating in product orientation; and
    6. attending short-term seminars or other business meetings.
  3. Besides, a person permitted to enter Hong Kong as a visitor may also attend an event to deliver speech(es)/ presentation(s) subject to the following conditions being met:
    1. he/she will not be remunerated for speaking/presenting at the event (other than provision of accommodation, passage, meals, etc. relating to the event, or the reimbursement of such expenses);
    2. the duration of the whole event should be no longer than seven days; and
    3. he/she can only attend one such event to deliver speech(es)/presentation(s) during each period of permitted stay.
  4. Any person who contravenes a condition of stay in force in respect of him shall be guilty of an offence and shall be liable on conviction to a maximum fine of HK$50,000 and to imprisonment for 2 years under section 41 of the Immigration Ordinance (Chapter 115), Laws of Hong Kong.

Source: https://www.immd.gov.hk/eng/faq/visit-transit.html

answered by (8k points)

Q5: During the process of concluding contracts, what business-related activities are allowed for a visitor?

During the process of concluding contracts, a visitor may perform business-related activities such as making presentations on products or services, negotiations, and signing contracts, etc.

0 votes

Point 2: alternative choices on "bank accounts"

[For reference only, please assess its credit and reliability by yourselves]

New banking solution: Neat and Currenxie

Neat: https://www.neat.hk/

Currenxie: https://currenxie.com/

answered by (8k points)
0 votes

Point 3: how to register international intellectual property right?

Register your international intellectual property at WIPO first

WIPO: https://patentscope.wipo.int/

Then you can register your nternational intellectual property one by one in different jurisdiction / country.

answered by (8k points)
0 votes

Point 4: add your business to Google map and business

This is DIRECT contact to Google My Business Support Team

https://www.google.com/business/

https://support.google.com/business/answer/3038311?from=cuf 

https://support.google.com/business/contact/pre_chat_survey?cfnti=escalationflow.chat&cft=1

Map of baidu.com also has similar function.

answered by (8k points)
0 votes

Point 5: law for maximum effective rate of interest, money lender license and Crowd-funding

maximum effective rate of interest

Section 24 of the Money Lenders Ordinance (the Ordinance) (Cap. 163) provides that any person who lends money at an effective rate of interest which exceeds 60% per annum commits an offence. Section 25 of the Ordinance also provides that if the effective rate of interest on a loan exceeds 48% per annum, having regard to that fact alone, the transaction concerned shall be presumed to be extortionate.

Source: https://www.info.gov.hk/gia/general/200611/22/P200611220115.htm

Corporate Loans: Need for a Money Lender Licence

Referring link: http://www.wmleehk.com/assets/newsletter/issue53.pdf

Crowd-funding – criminal and regulatory risks

Referring link: http://www.onc.hk/wp-content/uploads/2018/05/Legal-Pitfalls-1.pdf

answered by (8k points)
0 votes

Point 6: CEPA - Mainland China fully implement zero tariff on imported goods of Hong Kong

協議在原有「產品特定原產地規則」的基礎上,引入以產品在香港的附加價值為計算基礎的一般性原產地規則,容許現時未有「產品特定原產地規則」的產品,在符合「一般規則」的情況下,可以立時以零關稅進口內地。

Ref link: 

Trade and Industry department introduction: https://www.tid.gov.hk/english/cepa/tradegoods/tradegoods_intro.html

on.cc new: https://hk.on.cc/hk/bkn/cnt/finance/20181214/bkn-20181214115225135-1214_00842_001.html

Re-export certificate of origin, see: https://cert.chamber.org.hk/en/default.aspx

Legislative council introduction: [Chinese] https://www.legco.gov.hk/yr18-19/chinese/panels/ci/papers/ci20181218cb1-311-3-c.pdf

[English] https://www.legco.gov.hk/yr18-19/english/panels/ci/papers/ci20181218cb1-311-3-e.pdf

answered by (8k points)
0 votes

Point 7: Enforcement of civil and commercial judgments between Hong Kong and the Mainland

《安排》適用於香港及內地法律均視為「民商事」性質的事宜。非司法程序以及有關行政或規管事宜的司法程序會被豁除。《安排》涵蓋金錢和非金錢濟助,同時訂明關於管轄權的規定以及拒絕認可和執行的理由。

The Arrangement applies to matters considered to be of a “civil and commercial” nature under both Hong Kong and Mainland law. Non-judicial proceedings and judicial proceedings relating to administrative or regulatory matters are excluded. The Arrangement covers both monetary and non-monetary relief. It also sets out jurisdictional grounds for the purpose of recognition and enforcement as well as grounds for refusal of recognition and enforcement.

Reference link: [Chinese - Department of Justice] https://www.doj.gov.hk/chi/public/enforcement.html

[English - Department of Justicehttps://www.doj.gov.hk/eng/public/enforcement.html

[中华人民共和国最高人民法院] http://www.court.gov.cn/zixun-xiangqing-139491.html

answered by (8k points)
...