ABOUT TETON
Who Are We
Services
Capitalising
on our Years
of Experience
01
Assurance &
Business Advisory
Assess the business nature and the special situation of each client for a risk-based approach for efficient audit under the auditing standards of the Hong Kong Instistute of Certified Public Accounts.
According to the Companies Ordinance, annual financial statements of a limited company incorporated in Hong Kong is required to be audited by a Certified Public Accountant with a practicing certificate issued by the Hong Kong Institute of Certified Public Accountants ("HKICPA"). Our work follows the Hong Kong Accounting Standards and Auditing Standards as required by the HKICPA and is under the governance of the institute's ethical standards which emphasises on the independency of the reporting accountants and the confidentiality of clients' information.
We perform our audit engagements by reference to the auditing standards issued by the HKICPA while at the same time we will assess the business nature and the special situation of each client in order to carry out a risk-based approach for an efficient audit.
02
Tax Advisory
The Inland Revenue Department ("IRD") will issue tax return to individuals, sole proprietors, partnerships, property owners and limited companies. Such persons and corporations should complete and file the tax return within 1 to 3 month from the issue date of the tax return together with the required documents to the "IRD". Profits tax return will be issued within 18 months from the commencement date of business of companies in Hong Kong. Should the person haven't received the profits tax return from the "IRD", he/she should notify the "IRD" its chargeability of Hong Kong Profits Tax.
We keep ourselves well informed of legislation affecting taxes in Hong Kong and China. With our expertise and experience, we strive to help companies to make the best use of tax concessions, and therefore reduce tax liabilities and enhance business profitability.
03
Accounting Services
Accounting records can be written up at the client's place of business, or in our office using various accounting software packages. Accurate and reliable accounts, on a timely basis, together with comparisons of budgeted and actual results, are essential management tools. These reports can be tailored to a client's specific circumstances and requirements.
Accounting Services include :
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Preparation of voucher and data input into the computerized accounting system |
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General ledger, cash account, bank account, accounts receivable and accounts payable |
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Monthly Bank Reconciliation |
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Preparation of financial statements including balance sheet and income statements We provide preliminary consultancy and assessment. |
Accounting Services include :
|
Preparation of voucher and data input into the computerized accounting system |
|
General ledger, cash account, bank account, accounts receivable and accounts payable |
|
Monthly Bank Reconciliation |
|
Preparation of financial statements including balance sheet and income statements We provide preliminary consultancy and assessment. |
04
Corporate Services
Company Secretarial Services
- Incorporation of Hong Kong and overseas companies with on-going company secretarial services
- Routine company secretarial duties and compliance to Companies Ordinance
- Registered and correspondence address and provision of resident secretary
- Nominee directors/shareholders and authorized representatives
- Liquidation, dissolution and cessation of business
- Application of working visa and special programme visa
- Corporate services for companies listed on the HK Stock Exchanges study
05
IPO Consultancy &
Advisory Services
across a wide range of industties as advisors.
Going public is a demanding process and is subject to the scrutiny of the regulatory body where the listing is sought. A successful IPO listing requires a clear strategy, prudent assessment and thorough planning.
Our IPO advisory business mainly involves advising corporations on the listing of their shares on the Stock Exchange of Hong Kong Limited ("SEHK").
Our mission is to maximise the probability of success for a listing aspirant by putting in the proper foundations before the actual IPO effort kicks off. We act as the "advance party" to help listing aspirants. We provide an awareness of the relevant rules and code of conduct expected of the management of a listed company.
We try to inculcate best practices into the culture and mindset of these companies as they ascend from a privately run business to a public listed company. Such education will smoothen the interaction between the promoters and the IPO professional team and is intended to improve the probability of success for the IPO effort later on.
Given the generic nature of our service, our clients are not limited to SEHK Main Board/ GEM listing aspirants and also includes those bound for other exchanges throughout the world
IPO advisory services
- Advising clients on the regulations and requirements of the SEHK
- Advising clients on the appointment of other professionals involved in the IPO
- Performing due diligence together with the relevant professionals on the business and financial affairs of the clients
- Advising clients on drafting of the IPO prospectus
- Advising clients on their capital structure, invitation structure, marketing theme, timing of the IPO and appropriate pricing levels etc, with a view to maximising investor acceptance and shareholder value
- Management of the IPO including co-ordination of other professionals involved in the IPO process
- Co-ordinating publicity activities in relation to the listing
- Assisting clients in liaising with SEHK or other relevant regulatory authorities involved in the IPO
- Advise on listing of shares on other Stock Exchanges
06
Working Visa &
Immigration Services
Employment Visa is applied for foreign people to work in a Hong Kong registered company.
The applicants should already have an offered position in Hong Kong in which the position could not be replaced by the local labour market.
The position is much better in managerial or supervisory level. The applicants should have sound educational and relevant working background.
On the other hand, the background of the employing company is also very important. The company should be a well-established and stable corporation. Financial standing of the company sponsor is required.
For those who are the owner of a business and would like to station in Hong Kong to manage the business may apply for the Investment Visa.
The basic requirement is the applicants should have their business registration in Hong Kong and have a solid business plan for their business. The business should have sustainable contribution to the Hong Kong economy.
Therefore, proven existing contract and business activity in Hong Kong could be a good support. Meanwhile, the reason why the applicant is necessary to station in Hong Kong could not be neglected.
Hong Kong residents are able to bring along their dependent family members to Hong Kong:
1. For a sponsor who is a Hong Kong permanent resident or a resident who is not subject to a limit of stay, he / she could bring along his / her spouse, unmarried dependent child under the age of 18 and his / her parent aged 60 or above for residence in Hong Kong.
2. For a sponsor who has been admitted into Hong Kong to take up employment or study, or who is permitted to remain in Hong Kong as a capital investment entrant, he / she could bring along his / her spouse, and unmarried dependent child under the age of 18 for residence in Hong Kong.
Training Visa is for those trainees to be trained in a Hong Kong reputable company, which is capable to provide the proposed training.
Those trainings should be proven as programmes of providing special skills and knowledge that are not available in the applicant's home country. Maximum period of a Training Visa is 12 months. Meanwhile, the company sponsor should provide the training contract, proposed duration and content of the training programme which can be justified.
The company sponsor should also guarantee in writing the maintenance and repatriation of the trainee and that the trainee will receive training in the sponsor's premises until the end of the agreed period, after which the trainee will return to his / her place of residence.
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