An introduction to Setting up a wholly-owned company in mainland China and Hong Kong 1. Setting up a Wholly Owned Limited Company in Mainland China (WFOE - Wholly Foreign-Owned Enterprise) Overview: A WFOE allows foreign investors to have 100% ownership…
Starting January 1, 2025, the British Virgin Islands (BVI) will implement significant changes to its company law with the introduction of the BVI Business Companies (Amendment) Act, 2023. These updates aim to enhance the jurisdiction’s business environment by streamlining corporate…
How to Apply for a TCSP License in Hong Kong and Its Renewal A Trust or Company Service Provider (TCSP) license is required for any individual or business in Hong Kong that provides services related to the formation, management, or…
A BVI Private Trust Company (PTC) is a specialized type of entity incorporated in the British Virgin Islands (BVI) to serve as a trustee for family or private trusts. This structure is commonly used by high-net-worth individuals or families seeking…
An Introduction to Cyprus Company Formation Cyprus is an European Union member state and its official currency is the EURO. The country has also one of the lowest tax rates in the bloc. Corporate Income Tax 12.5% Advantages of the…
Register Overseas Entities in the UK The Register of Foreign Entities trading in the UK has written into law since 2022 via the New Economic Crime Act 2022. The regulation stipulates that foreign companies wanting to transact properties or land…
Dedicated Fund on Branding, Upgrading and International Expansion (BUD Fund) of Hong Kong for Hong Kong Companies The “Dedicated Fund on Branding, Upgrading and Domestic Sales” (the BUD Fund), supervised by the Hong Kong Productivity Council, is Government-backed funding…
What is the difference between an LLC and a C Corporation? An LLC stands for Limited Liability Companies, a type of corporate entity that is enshrined in an operation agreement in which the owners ( or members in other words)…
Comprehensive Avoidance of Double Taxation Agreements with Hong Kong Double taxation generally refers to the imposition of comparable taxes by more than one jurisdiction in respect of the same source of income. The international community generally recognises that double taxation…
A Guidance for incorporating a Cyprus company Corporate taxes are levied at a rate of 12.5%. Various deductions apply including interest, cost of buying other companies, and employer's cost to social security. There are five different types of companies with…