More good news is coming from Hong Kong banks. After a flood of complaints from business owners who were having trouble opening new accounts due to strict international anti-fraud regulations, Hong Kong’s Monetary Authority will introduce new guidelines to help banks better conduct the risk-based approach in granting and retaining…
Earlier this year banks around the world tightened requirements for new bank accounts and many control measures have been put in place as a result of intense pressure from regulators particularly from the perspective of anti-money laundering and terrorist financing.
A Wholly Foreign-Owned Enterprise is an investment vehicle for mainland China based business wherein foreign parties can incorporated a foreign owned limited company. Unlike most other investment entities in China, there is no need to involve a mainland Chinese investor.
Please note that our office in Hong Kong will be closed on Friday, July 1st 2016 for national holidays for Hong Kong Special Administrative Region Establishment Day. We will resume operation on Monday, July 4th, 2016. If there are any urgent matters to be processed, please advise us as early as possible.
Your company’s good standing depends on fulfilling yearly requirements given by the government-established bodies in Hong Kong. We’ve simplified the process of keeping a Hong Kong private limited company in good standing in an easy-to-follow infographic.
Happy Dragon Boat Festival! Please note our office in Hong Kong will be closed on Thursday, June 9th, 2016 for national holidays for Chinese Dragon Boat Festival. We will resume operation on Friday, June 10th, 2016. If there are any urgent matters to be processed, please advise us as early…