Archive 31 October 2016

SPV : Definition and examples

SPV (special purpose vehicle) is a company registered in in Hong Kong as a subsidiary established to run as a means of securing assets of the mother company if it faces bankruptcy. They help to protect a project or entire business from insolvency problems or establishing leases that are credited on the income statement as opposed to being reflected as a liability on a balance sheet. Read More

What is the tax information exchange agreement?

Tax information exchange agreement (TIEA) is a platform for the exchange of information based on a specific request for tax, criminal, or civil matters investigation between 2 countries. The interchange of information on request is based on standard reporting methodologies. TIEAs are important components in Hong Kong to help curb tax evasion back at home. In this article, we take a deeper look at what is the tax information exchange agreement? Read More

Corporate services: What you need to know 

When you decide to venture into foreign markets, the first thing should be gathering as much information as possible. One of the best ways to do this is using corporate services. These are unique activities that include some company-extensive required support service that are designed with specialized knowledge, technology, best practices, and at times business partners and clients. Read More

How to select the right company secretary? 

When you decide to open a limited liability company in Hong Kong, one of the main requirements is having a resident secretary.

The secretary is given so much weight by the company registry because she forms the bridge between the Hong Kong administration and the company as well as implementing the board decisions. Therefore, you must get the right secretary before anything else can commence. In this posit, we focus on how to select the right company secretary. Read More