Discretionary Trusts: Maximizing Wealth and Asset Protection Benefits
The trust industry is fond of touting discretionary trusts as a means to protect wealth and to shield assets from creditors. Undoubtedly, trusts can help to achieve these objectives. However, establishing a trust by itself may yield sub-optimal results. The level of protection and the extent to which a trust can protect wealth and shield assets depends upon how sophisticated of an approach is taken…
Hong Kong as a Regional Hub: A Guide for Multinational Companies
As a well established international financial centre, Hong Kong serves as the regional headquarters for multinational companies around the world. According to data published by the Hong Kong government, in 2016, Hong Kong was home to 1,379 regional headquarters. Some of these regional headquarters serve as the hub for the Asia-Pacific Region.
Setting Up in Hong Kong: A Summary of Different Types of Business Organization
Multinational companies considering the establishment of a presence in Hong Kong have a number of different options, including the establishment of a subsidiary of an existing group company, the establishment of a branch office of an existing group company or the establishment of a representative office of an existing group company.
Setting Up in Hong Kong: An Overview of the Tax Regime
Multinational businesses often chose to establish companies in Hong Kong to serve as their base for operations in the Asia-Pacific Region. Amongst the many reasons for so doing is that Hong Kong is a tax friendly jurisdiction. It has a low rate of tax and its taxes apply only to income sourced in Hong Kong. At the same time, it has established a comprehensive international tax treaty network and complies with international standards to...
Hong Kong Companies: The Requirement for a Registered Office in Hong Kong
Like companies incorporated in many other jurisdictions, Hong Kong company law requires every company incorporated in Hong Kong to have a registered office address located in Hong Kong.
Share Capital of Hong Kong Companies
The vast majority of Hong Kong companies are companies limited by shares. A company limited by shares is a corporation and like corporations in many other jurisdictions, the liability of a shareholder is limited to the amount unpaid on the shares held by that shareholder. In this article, for ease of reference, we refer to a Hong Kong company limited by shares simply as a "Hong Kong company"
Naming a Hong Kong Company: Restrictions and Procedures
The birth of a new business or the re-branding of an existing business invariably raises the question: "What should I name my business?". In today's world, often the answer will depend upon what domain name is available. However, beyond the issue of domain name, the business owner should consider whether his chosen name is the subject of a trademark registration and, if he chooses to incorporate his business, whether it is possible to...
Hong Kong Company Directors: A Guide to Eligibility and Liability
These directors must act collectively as a board and they must act in accordance not only with the general law but the articles of association of the company.
Anti-Money Laundering Initiatives Affecting Hong Kong Companies: A Guide to the...
A Hong Kong company has the duty to confirm all information before it is entered into the register and has a duty to confirm any update to any such information where it has reasonable cause to believe that such information has changed.