Whether enough tax substance in a Trust is present will always depend on the relevant facts of the case.
Trust & Company Service Providers (“TCSP’s”) in Hong Kong would require a license issued by the Registrar of Companies in Hong Kong.
Tax evasion and money laundering have been major concerns to most of the governments for years. In order to strengthen the control over money laundering activities through the banks, the Hong Kong Monetary Authority (the ‘HKMA’) has recently requested the banks in Hong Kong to closely look into their clients. In particular, the bank’s clients […]