It is a legal requirement to have at least one Company Director when setting up a Hong Kong Company. Company Directors can be of any nationality resident anywhere in the world. One of the conditions, however, is the age, that…
What is a Holding Company? A holding company is also known as a parent company whose primary business is holding a controlling interest in the securities of a subsidiary company or companies. A holding company doesn’t typically produce goods, services,…
The British Virgin Islands Government legislated the Virgin Islands Trust Act 2003 in March 2004 . It was intended to innovate trusts in the form of holding shares in a BVI-incorporated company and then disengaging the trustees from their duties.…
TAXATION (COMPANIES – ECONOMIC SUBSTANCE) (JERSEY) LAW 2019 is the guidance in relation to companies operating out of Jersey. It sets out the legal requirements for Jersey companies being considered within the scope of the Law in terms of declaring…
People use offshore bank accounts for a variety of reasons, including but not limited to, diversifying investment portfolios, hedging against currency fluctuations, living and working in a foreign country, etc... The best countries to open a private bank account for…
The HKSAR Government on the 14th of January 2021 announced business support measures to businesses in Hong Kong in the form of grants totaling HKD 3.57 billion. The latest government supports comes on the back of the new Omicros variant…
We understand the importance of speaking with our team at any time, including in this festive season. Rest assured that we will have staff on duty who can assist you with any business requirements. The opening times at our major…
A TCSP is a type of license issued by the Companies Registry in Hong Kong for carrying out work on a trust or a company service business , the so-called TCSP business. Companies that are engaged in the following business…
A non-resident offshore bank account allows you to manage your money easier amongst different jurisdictions. A non-resident offshore bank account is a personal/business bank account you open in a country where you are not normally resident. ( living in for…
A global tax deal has been reached by major economic powers, with a minimum tax rate of 15% penciled in for implementation, as announced by the OECD on 08/10/2021. Here are the key takeaways of the global tax deal: 1.…