Amidst worldwide economic uncertainty and complex international relations, investors are trying to navigate toward opportunities that position them to succeed. Many of those opportunities can be found in China. At Horizons, we’re confident of China’s economic stability, growth and effort to move past the negative effects of COVID-19. In the latest World Bank Asia Pacific…
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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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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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