Hong Kong Budget Summary 2019/20

Hong Kong Budget Summary 2019/20

The Financial Secretary, the Hon Mr. Paul MP Chan, announced the 2019/20 Hong Kong Budget on 27 February 2019 with visions of supporting enterprises, safeguarding jobs, stabilizing the economy and strengthening livelihoods. Tricor’s Hong Kong Budget Summary 2019/20 outlines the main proposals and principal tax rates.

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.

The Future of Trade & Investment in Hong Kong

The Future of Trade & Investment in Hong Kong

Hong Kong is often considered Asia’s premier global financial hub. The vibrant city has consistently been recognized as the world’s most competitive economy and one of the easiest places to do business. It boasts a free and fair business environment along with world-class infrastructure that meets the highest international standards. Furthermore there are major development plans to drive connectivity of Hong Kong - making it an appealing market for smart investors for years to come.

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.

Singapore’s VCFM Regime Unlocking New Opportunities in Asia’s Business Hub

Singapore’s VCFM Regime Unlocking New Opportunities in Asia’s Business Hub

Singapore boasts over 220 venture capital deals per year, with the annual value now approaching US$4.2 billion, according to its Finance Minister. With such a deep pool of investors and innovators, Singapore is rightly recognised as Asia’s most dynamic business hub.Singapore boasts over 220 venture capital deals per year, with the annual value now approaching US$4.2 billion, according to its Finance Minister.1 With such a deep pool of investors and innovators, Singapore is rightly recognised as Asia’s most dynamic business hub. Singapore boasts over 220 venture capital deals per year, with the annual value now approaching US$4.2 billion, according to its Finance Minister.1 With such a deep pool of investors and innovators, Singapore is rightly recognised as Asia’s most dynamic business hub.

Protect Interests with IPO Trust Planning

Protect Interests with IPO Trust Planning

During the pre-IPO planning stage, most founders are focused on enhancing the companies’ performances, courting investment bankers and promoting the companies’ stories to prospective investors. While all of these activities are necessary, there is one key risk factor often overlooked by founders: their family situations. More importantly, founders should consider the role that trusts can play in mitigating risks and balancing business succession with family business affairs.

Top 5 Challenges of Doing Business in Japan for US Companies

Top 5 Challenges of Doing Business in Japan for US Companies

With one of the largest and most mature economies in the world, Japan is an attractive market to do business in. The Japanese market is characterized by consumers with high levels of disposable income who are drawn to premium, high-end goods and services. Japan also boasts a highly developed, modern infrastructure of roads, highways, railroads, subways, airports, harbors, warehouses and telecommunications for the distribution of all types of goods and services.

Tricor Insights - Top 5 challenges of doing business in Vietnam for US Companies

Top 5 Challenges of Doing Business in Vietnam for US Companies

Vietnam has been transitioning from the rigidities of a centrally planned, highly agrarian economy since the 1990s to a more industrial and market-based economy, which has raised income and quality of life substantially. Expanding gross domestic product (GDP), modern infrastructure and a dramatic increase in foreign direct investment (FDI) point to a thriving investment environment in Vietnam. In fact, it has been called Asia’s newest ‘tiger’ economy, following in the footsteps of Hong Kong, Singapore, South Korea and Taiwan.

Tricor Insights - Getting Ready for new ESG Reporting

Getting Ready for New ESG Reporting

The oil industry in 2010 was rocked by a major disaster: the explosion of Deepwater Horizon drilling rig owned by BP, the British multinational oil and gas company. Millions of gallons of crude oil gushed into the Gulf of Mexico, creating widespread water pollution and considerable destruction to the ecosystem. The environmental disaster did not only result in a disastrous fall of market value and stock price, but also a fine of 20.8 billion USD.

BVI Regulatory Roundup: Fintech Innovations & Enhanced Legislation

BVI Regulatory Roundup: Fintech Innovations & Enhanced Legislation

The British Virgin Islands (BVI) is one of the Caribbean’s foremost financial centers and a major player in the global offshore financial services industry. Furthermore, recent regulatory changes in BVI demonstrate the jurisdiction’s proactive approach to accommodating new technologies within the financial services industry and its agile response to market trends and demands with enhanced legislation.

Tips for successfully tapping the Asian market

Tips for Successfully Tapping the Asian Market

From India to Indonesia, Asia is booming. According to the OECD, it will remain the world’s fastest growing region for at least another three decades. The burgeoning middle class is already reshaping the international economy: millions of newly empowered consumers are driving demand for digital innovations, luxury products and professional services. From hospitality to healthcare, Asia offers investors unprecedented opportunity.