Technology has advanced so much today and is now enabling people to live anywhere in the globe while staying connected and communicating well and profitably. A digital nomad is a person who utilizes the concept of using technology to communicate, to live in areas he/she considers best or shifting from one location to another. Read More
Political risk is everywhere: We have a solution for you
The greatest threat to your savings is not the market forces, but the government (political risk). More governments are sinking deeper into insolvency and adopting helpless measures only used in history. Because of this, the song of bail-ins, taxes on deposits, nationalization of retirement savings, and capital controls in Cyprus, Spain, Iceland, Hungary, Portugal, and Argentina are expected to become the norm. Read More
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