Establishing a Presence in Hong Kong – To Register a Foreign Company as a Non-Hong Kong Company

Establishing a Presence in Hong Kong

For different commercial reasons, foreign companies (including those incorporated in Cayman Islands, the British Virgin Islands and other “zero or low corporation tax jurisdictions”) may prefer registering themselves as registered non-Hong Kong companies under Part 16 of the Hong Kong Companies Ordinance (Chapter 622) (‘Co Ord’) rather than incorporating a new subsidiary in Hong Kong.

Tricor Tech News - British Virgin Islands - Economic Substance Test

British Virgin Islands – Economic Substance Test

The draft Code on Economic Substance legislation will be published in late April 2019 and education campaign will be conducted in the BVI immediately following the publication of the draft. Similar education campaign may follow in Hong Kong to cater to the Asian market. The final code is expected to be published shortly after the education campaign.

Tricor Hong Kong Budget Summary 2018/19

Hong Kong Budget Summary 2018/19

With an estimated fiscal surplus of HK$138 billion in 2017-18, the Financial Secretary, the Hon Mr. Paul MP Chan, announced the 2018/19 Hong Kong Budget on 28 February 2018 with visions of diversifying Hong Kong’s economy, investing for the future and caring and sharing. Tricor’s Hong Kong Budget Summary 2018/19 outlines the main proposals and principal tax rates.

New data breach laws come into effect

New data breach laws come into effect

New data breach rules in effect from 22 February 2018 place an onus on business to protect and notify individuals whose personal information is involved in a data breach that is likely to result in ‘serious harm’.

Hong Kong Budget Summary 2017/18

Hong Kong Budget Summary 2017/18

Tricor Group (Tricor) is Asia’s leading provider of integrated business, corporate, investor services, human resources & payroll solutions. As a business enabler, Tricor provides outsourced expertise that allows our clients to concentrate on what they do best – building a business.