Many businesses and entrepreneurs have become fully aware that since the last couple of years, it has become rather difficult either to maintain & keep their Hong Kong corporate bank account open and alive or even simply to apply for a Hong Kong corporate bank account. Despite providing the banks with the requested information or […]
A freelancer may see themselves as a causal employee working with different employers without committing his/her full time to them. However, without any relationship of master and servant, if the freelancer’s income is derived from providing professional or personal services in Hong Kong, he/she will be considered as carrying on a business and a self-employed […]
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 […]
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 […]
