Special Purpose Vehicle (SPV) companies are widely used in Hong Kong as a means of facilitating various business transactions. An SPV is a legal entity created for a specific purpose, such as holding assets or raising capital. In this blog, we will p ...
Hong Kong and the Automatic Exchange of Financial Information (AEIO): A Comprehensive Guide
Hong Kong is a leading financial center that has taken steps to promote tax transparency and combat tax evasion.One such initiative is the Automatic Exchange of Financial Information (AEIO), which requires financial institutions to collect and report ...
Understanding Common Reporting Standard (CRS) in Hong Kong: What You Need to Know
In recent years, Hong Kong has taken steps to comply with international standards for tax transparency and combating tax evasion. One such initiative is the implementation of the Common Reporting Standard (CRS), which requires financial institutions ...
Termination of a corporate bank account in Hong Kong
Hong Kong has long been a global hub for business and finance, attracting companies from all over the world to set up operations in the city.However, in recent years, some companies have reported that their corporate bank accounts in Hong Kong have b ...
Hong Kong Financial Intelligence Unit
Hong Kong Financial Intelligence Unit (HKFIU) is a government agency responsible for combating money laundering and terrorist financing activities in Hong Kong. It operates under the guidance of the Joint Financial Intelligence Unit (JFIU) and the Ho ...
Hong Kong e-commerce companies
Hong Kong has emerged as a global hub for e-commerce companies, offering a favorable business environment, strategic location, and advanced infrastructure. As a result, many e-commerce companies are choosing Hong Kong as their base of operations. I ...
Directors’ Liabilities in Hong Kong
As a director of a company in Hong Kong, it’s important to understand the responsibilities and liabilities that come with the role. From legal obligations to potential financial penalties, it’s crucial to be aware of the potential risks associated wi ...