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, with Bitcoin being the most...
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 overseen by the Hong Kong...
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 experts has provided an overview...
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 overseen by the Hong Kong...
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 and support schemes for Small...
Deciding on which countries to expand your business to can be a complex and difficult decision. As an aspiring entrepreneur, you might have heard of the lucrative business environment of Hong Kong and might be wondering about whether setting up a company in Hong Kong is a worthwhile investment and business initiative for you. In...
Hong Kong earned its world’s freest economy title through its seamless incorporation process coupled with low corporate tax rates and beneficial free trade agreements. The country is ranked third amongst 190 economies in terms of ease of doing business in 2019 and became the financial hub of Asia for investments and entrepreneurships. Many investors choose...
It is ideal to open a trading company in Hong Kong due to its strategic location and free trade policy. In this article, our team at Tetra Consultants has highlighted 8 things to know before you open a trading company in Hong Kong to help understand whether you should register company in Hong Kong. 1....
Deciding on which countries to expand your business to can be a complex and difficult decision. As an aspiring entrepreneur, you might have heard of the lucrative business environment of Hong Kong and might be wondering about the process of starting a company in hong kong as a foreigner. In this article, Tetra Consultants will...
Hong Kong is ranked as the fourth-easiest country to do business according to World Bank in 2019. There are many benefits of setting up a company in Hong Kong. It is not only strategically located, it has other benefits such as employment, trade, taxation, etc. This makes Hong Kong an attractive place to start a...
