Category: Corporate Secretarial

Fintech has transformed our daily lives in all aspects, from banking, money transfers, lending, capital management, etc. In Hong Kong, developing fintech is strongly supported by the Hong Kong Monetary Authority with programs such as Talent Development looking to create 1000 jobs in fintech, the Fintech Supervisory Sandbox, and the Cross-border Collaboration with the Greater Bay Area. With fintech booming globally, Hong Kong is experiencing a surge of investments flowing into the sector. According to Accenture, Hong Kong attracted fintech

After incorporating your Hong Kong company, opening a corporate bank accent is vital to starting your business. The international communities have consistently recognized Hong Kong’s inherent strengths in its sound and robust financial system. The city has also implemented a robust set of anti-money laundering control systems, including customer due diligence procedures during the bank account opening process. Common issues related to opening a corporate bank account in Hong Kong are choosing the appropriate bank and preparing information and documents

As public awareness of the need to protect personal data increases, on 16 August 2021, Hong Kong has finally moved forward with the commencement of the New Inspection Region.

On 16 August 2021, Hong Kong’s Companies Registry published external circular no.1/2021 regarding the commencement of a new inspection regime of the Companies Register (“New Inspection Regime”) commencing on 23 August 2021. From 23 August 2021, companies may withhold from public inspection the usual residential addresses of directors and full identification numbers (“IDNs”) of directors and company secretaries as contained in the registers of directors and registers of company secretaries kept by the companies.  In such cases, companies are to

As an international financial center, Hong Kong has not only experienced the typical business, but also a booming startup scene in recent years. In the 2019 Global Startup Ecosystem Report, Hong Kong is rated as a new entrant in the world’s top 25 startup hubs, listed as the third most innovative location in South East Asia, East Asia, and Oceania in the Global Innovation Index 2019. Furthermore, according to lnvestHK’s 2019 startup survey: Hong Kong has a significant increase over

Today, organizations can now select from several international and local banks to open a corporate bank account in Hong Kong. Many products and services have been tailored to address these issues by every significant bank in Hong Kong, both local and international. You need to know those things required by your bank before opening an account so that whatever the bank offers can go with your needs. Have you had a go at opening a corporate bank account in Hong

According to the World Bank’s Doing Business 2019 Report released on 31 Oct 2018, Hong Kong is ranked 4th globally on the ease of doing business. Apart from being one of the most competitive economies in the world, Hong Kong has maintained its position among the world’s top economies due to its favorable business environment for local and overseas enterprises. Below are some of the advantages: Preferred base for multinationals, international chambers of commerce, global organizations, and media companies to

You may have experienced this in person: trying to open a corporate bank account in Hong Kong but receiving endless requests and questions from the bank. Over the past years, the account opening process has undergone major changes, with the purpose of enforcing laws on combating illegal activities such as money laundering, terrorist financing and tax evasion. If you have tried and not succeeded, you will find these 7 tips valuable when preparing to open a bank account for your