Tag: Horizons Corporate Advisory

Business Operations 101: How to open a company bank account in China under constraints related to the coronavirus pandemic

At Horizons, we encounter numerous queries about opening a company bank account in China, especially during the COVID-19 pandemic. For practical purposes, a company bank account should be opened upon the receipt of the business license. For foreign companies operating in China, two accounts should be opened in order for a business to commence with…

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Are you an employer in Hong Kong? Apply for the ESS wage subsidy before the 14 June deadline

On 8 April the Hong Kong Special Administrative Region (HKSAR) government announced the Employment Support Scheme ("ESS") to help employers retain employees and avoid redundancies. ESS is a time-limited governmental wage subsidy qualifying companies in Hong Kong with a monthly cap of 9,000 HKD per employee. ESS payment is made in two tranches, the first…

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Don’t let the coronavirus kill your Chinese subsidiary. Horizons can help you act fast to stop the damage done by COVID-19.

“Simply put, failing to take advantage of pro-business policies and measures put forth in the face of COVID-19 will hamper your business to no end, even sending it to its demise. Horizons has the resources, the ‘know-how’ and the finesse to get your business back on track and keep it there." —Danny Luk, Horizons Senior…

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Your Chinese visa during the coronavirus epidemic (UPDATED 12 Mar): further measures to fast-track and streamline visas and residence permits; foreign nationals eligible for automatic two-month extension; how to renew Shanghai work and residence permits

Further measures put in place to fast-track and streamline visas and residence permits Recently, China’s National Immigration Administration announced Ten Measures to Assist the Epidemic Prevention and Control and Serve the Economy and People’s Livelihood (“Measures”). Primarily, the Measures serve to fast-track and streamline visa and residence permits to ensure exit and entry channels support…

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China business (UPDATED 24 Feb): to combat the coronavirus and head off economic insecurities, government takes action by implementing supportive financial and tax measures for businesses

Horizons will continue to update important business news and information related to the coronavirus epidemic. 5 Months Reduction on Employee Medical Insurance Premium The China Ministry of Finance, National Medical Insurance Bureau and Tax Bureau jointly announced the Guiding Opinions on the Periodic Reduction of Basic Employee Medical Insurance Premium (“Guiding Opinions”) measure on 21 February 2020.…

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