On 24 February 2021, the Financial Secretary of Hong Kong announced the Budget for the fiscal year 2021-22. The forecast is that for the fiscal year 2020-21, there will be a deficit of around HKD 257.6 billion, and that the fiscal reserves are expected to become HKD 902.7 billion by 31 March 2021. The focus […]
Given China’s vast population and emerging middle class, its market potentials are a huge opportunity for a having a business in China. Better still, China is maintaining its commitment to further open up its market and boost inbound foreign investments. Whilst China’s economic reform and opening-up policies began 40 years ago, its economic performance is […]
For years, people have incorporated offshore entities for the benefit of asset protection, privacy or tax reduction. Although an offshore company is a popular vehicle for people to carry a business from, it is surprising to see how many people tend to mix up the concept of an offshore entity with the concept of an […]
Have you ever thought of creating your own business? Some people are of the view that it would be especially good for the young generation to start their own business due to their creativity, flexibility, hunger for success, fearlessness and technology knowledge. The young entrepreneurs are capable of bringing new ideas and skills to the […]
