Primasia Corporate Services Limited: December 2013

Monday, 23 December 2013

China Updates- Public Holidays

The public holiday schedule for 2014 was announced, the main change being the elimination of Chinese New Year's Eve as a holiday, part of the Chinese government's strategy to gradually modernise Chinese holidays and to eliminate bottlenecks caused by everyone being on holiday at once (like Europe in August!). The total remains unchanged at 11 public holidays for the years.

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Need more information?
Please contact:
John Barclay -Email
Teresa Tam - Email
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Website: Primasia HK / Primasia China
LinkedIn: Primasia
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Primasia Corporate Services Limited
Tel: +852 2882 2088
Suite 1106-08, 11/F., Tai Yau Building, No. 181 Johnston Road, Wanchai, Hong Kong

Monday, 16 December 2013

Hong Kong Updates- Data Privacy

Following is the Privacy Commission's attack on the well-known Hong Kong "Webb-Site" blog, which acts as a sort of watchdog on Hong Kong companies, for inclusion of Hong Kong ID ("HKID") numbers in it's publicly available database, the Privacy Commissioner has (December 6th) issued an enforcement notice against a major chain of gyms for "unnecessary" collection and retention of HKID copies and data of birth information. The chain has indicated that it will appeal, but the trend is a worrying one, give that, after 15 years in existence, the Privacy Commissioner seems suddenly to be taking more extreme positions in this area.

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Primasia will post the updates of Hong Kong and China from time to time. Follow us on our Website/ Blogger/ LinkedIn and stay tunned for our updates!

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Friday, 13 December 2013

Hong Kong Updates- Companies Ordinance

All our readers are reminded that the new Companies Ordinance comes into effect on the 3rd of March this year.

Primasia Corporate Services Ltd. can advise on the changes in detail but the main change directly affecting existing clients and anyone intending to set up a Hong Kong company is the new requirement for each Hong Kong private company to have at least one individual director. The grace period for existing companies is 6 months from the new Co implementation date, but parties are recommended to take action sooner rather than risk becoming noncompliance. We can advise and assist with this new requirement.

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