On 24 September 2024, Hong Kong signed a double taxation agreement with Turkey (“DTA-HK/TR”). This DTA will enter into force after completion of the ratification procedures by both jurisdictions.
When considering starting a business in Hong Kong, it is essential to understand the various types of companies and business structures available.
Following the judgement of the CoA, the intra-group stamp duty relief will be restricted to companies with issued share capital only.
This strategic move can be driven by various motivations, such as optimising the capital structure, returning surplus funds to shareholders, or eliminating accumulated losses.
