Insights & Topics

Hong Kong Launches New Re-domiciliation Regime for Foreign Companies

June 19, 2025 Business & Corporate Services, Taxation

Effective from 23 May 2025, Hong Kong’s new re-domiciliation regime allows eligible foreign companies to transfer their place of incorporation to Hong Kong — a move aimed at bolstering the city’s role as an international business hub. Background: why the regime matters Before the new legislation, if a foreign company wanted to migrate its incorporation… Continue reading Hong Kong Launches New Re-domiciliation Regime for Foreign Companies

Limited Partnership in Hong Kong

June 5, 2025 Business & Corporate Services, Startup & SMEs

A limited partnership in Hong Kong is a business entity established and co-owned by two or more parties with a view to sharing profits.

Money Laundering Controls on Banks

June 4, 2025 Legal

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… Continue reading Money Laundering Controls on Banks

2025 Tax Filing Season in Hong Kong is Here

May 20, 2025 Taxation

This guide walks you through what needs to be filed, when, and how, along with practical tips on extensions, recordkeeping, and tax planning.

British Virgin Islands Economic Substance Legislation

May 13, 2025 Business & Corporate Services

A number of investors worldwide, including Hong Kong and Mainland China, maintain entities on the British Virgin Islands (“BVI”) for various purposes, such as acting as a vehicle to hold share investments and/or intellectual properties, or to engage in trading, service and/or fund management business. Please note that the BVI introduced the Economic Substance (Companies… Continue reading British Virgin Islands Economic Substance Legislation

Are Virtual Banks a Viable Banking Solution?

May 7, 2025 Business & Corporate Services, Startup & SMEs

With the increasing reliance on financial technology (often shortened to fintech), traditional banks are no longer the only option for opening a bank account. Instead, thanks to the developments in fintech, people now can open business bank account with a virtual bank provider. Currently, Hong Kong has 8 virtual banks and a growing number of… Continue reading Are Virtual Banks a Viable Banking Solution?

Automatic Exchange of Information for Tax Purpose in Mainland China

May 6, 2025 Taxation

For the purpose of combating cross border tax evasion, Mainland China is one of the more than 100 tax jurisdictions which has committed to implement automatic exchange of information (‘AEOI’), by signing the Multilateral Convention on Mutual Administrative Assistance in Tax Matters in August 2013 and entering into the Multilateral Competent Authority Agreement on Automatic… Continue reading Automatic Exchange of Information for Tax Purpose in Mainland China

Same-sex Marriage Tax Implications in Hong Kong

May 5, 2025 Taxation

The Hong Kong Inland Revenue Department updated its practice notes in February 2020 to reflect the remedial interpretation of a marriage as delivered to include same-sex marriage as a consequence of the Leung Chun Kwong v Secretary for the Civil Service (2019) 22 HKCRAF 127 (“the Leung Case”). Let’s explore the case and the same-sex… Continue reading Same-sex Marriage Tax Implications in Hong Kong

Certificate Of Incumbency For A Limited Company

April 26, 2025 Business & Corporate Services

A certificate of Incumbency is a legal document that certifies the names of the relevant directors, officers, corporate secretary, and shareholders of a particular Hong Kong Limited Company (“the Company”). The document is either issued by a third party (a person who is not an employee, a director or a shareholder of the Hong Kong… Continue reading Certificate Of Incumbency For A Limited Company

Allotment and Issue Of Shares for a Limited Company

April 26, 2025 Business & Corporate Services

Allotment and issuance of shares is a legal requirement at the time of company incorporation. Every Hong Kong Limited Company (the “Company”) must issue and allot a minimum of 1 share to its founder / member. However, at any time, should a company’s existing member wish to increase its share capital, they may do so… Continue reading Allotment and Issue Of Shares for a Limited Company