In the current scenario, Hong Kong has emerged as a leader in the field of cryptocurrency. The Hong Kong government through the medium of Securities and Futures Commission is moulding the regulatory framework for the crypto industry. This change in the business landscape has provided both challenges and opportunities for investors and...

Cryptocurrencies are rapidly transforming the finance industry. Hong Kong has recently emerged as a global financial hub and has become a chosen destination for crypto entrepreneurs because of its powerful financial structure and secure business environment. The city’s take on cryptocurrency is constantly under evolution with regulators such as the Securities and...

In the current scenario, Hong Kong has become a major financial hub. The legal framework of Hong Kong has created a safe and transparent business atmosphere for trading cryptocurrencies and licensed crypto exchanges in Hong Kong are gaining attention. Businesses wanting to register a company in Hong Kong should be able to...

SFC License in Hong Kong is a crucial permit for individuals and businesses seeking to engage in regulated financial activities within the region. Under the oversight of the Securities and Futures Commission (SFC), obtaining this license is a necessary step to operate legally in Hong Kong's fast-paced financial services industry....

The Hong Kong Corporate tax rate is recognized for its straightforward and low-tax approach, making it one of the most business-friendly environments globally. The system adheres to a territorial and flat-rate structure, imposing taxes solely on profits earned from operations within Hong Kong. Profits sourced from outside the region are...

Selecting Hong Kong as the locale to register your company brings forth a myriad of business opportunities in Hong Kong for you. Nestled at the core of Asia, it seamlessly connects you to the flourishing markets of the Asian Pacific and Mainland China. Fuelled by the bedrock principles of free...

Hong Kong Virtual Asset Service Providers (VASPs) are businesses that offer services related to virtual assets, such as buying, selling, storing, and transferring cryptocurrencies or digital tokens. According to a survey by the Hong Kong Blockchain Association, the number of Hong Kong residents owning cryptocurrencies increased by 75% in 2020,...

In Hong Kong, anyone intending to carry out "money services" must apply for a Hong Kong Money Service Operator (MSO) license from the Customs and Excise Department under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance ("AMLO"). The Anti-Money Laundering Ordinance provides a regulatory framework for money service providers that is...

In Hong Kong, under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (“Anti-Money Laundering Ordinance”), a person who operates a money-changing service or a remittance service is a money service operator and must be licensed by the Hong Kong Customs and Excise Department. In this article, Tetra Consultants' team of licensing...

Hong Kong is ranked third amongst 190 economies in 2019 under the ease of doing business index, developing itself to become the financial hub of Asia for investments and trades. The country was able to earn its “world’s freest economy” given the low corporate tax rates, multiple free trade agreements...