An electronic money institution (EMI) and a payment service provider (PSP) offer specific services related to processing payments and issuing e-money. These types of activities are regulated, and to obtain an EMI/PSP license in Hong Kong, company owners will apply for the specific license with the Hong Kong authorities. Our…
Investors who wish to start Hong Kong blockchain companies will need to follow the regular procedure for incorporation and registration. These types of companies use blockchain technology in order to deliver solutions for digital innovation and transformation for businesses and agencies in many different fields. Entrepreneurs who open a company in Hong Kong can…
The fintech sector is undergoing rapid development in Hong Kong, as these types of services gain wider use and investments in the field are gathering way. The total value of investments in financial technology companies in Hong Kong nearly doubled compared to 2016, as shown in a report from Accenture.…
Bitcoin’s popularity has also inspired the rise of other cryptocurrencies, which in turn lead to the development of the initial coin offering in Hong Kong, or ICOs. This is essentially an online fundraising activity that is used to fund a specific blockchain project. The ICO project may have various degrees of success, however, investors…
By Vlad Cuc, specialist in company formation matters Our team can help you open a cryptocurrency company in Hong Kong by observing the current registration and licensing requirements. Quick Facts Cryptocurrency seen as legal tender (Yes/No) No Local regulatory agency The Hong Kong Securities and Futures Commission Special licenses for…
By Vlad Cuc, specialist in company formation matters The Registry of Companies in Hong Kong The Hong Kong Companies Registry is the agency responsible for the enforcement of the Companies Ordinance and the registration of companies incorporated in Hong Kong. Local and non-Hong Kong companies are registered here and de-registrations can also be performed. Other ordinances enforced by…
By Vlad Cuc, specialist in company formation matters Our experts in company formation in Hong Kong assist those interested in setting up a trust, irrespective of their type, structure, or use. Quick Facts Governing Law The Hong Kong Trustee Ordinance along with other relevant laws and regulations. Trust incorporation in Hong Kong…
By Vlad Cuc, specialist in company formation matters Investors who want to open a hedge fund in Hong Kong must observe certain rules and regulations regarding the set-up process and management of the fund. A hedge fund is a type of fund that is used to accumulate capital from institutional investors and/or accredited investors and…
By Vlad Cuc, specialist in company formation matters Nominee shareholders in Hong Kong have the same purpose as a nominee director, which is to protect the identity of the true individuals who hold this position in the company. If, for some reason or another, the foreign investor in Hong Kong wishes not to…
By Vlad Cuc, specialist in company formation matters A nominee director in Hong Kong is a non-executive director appointed for the purpose of protecting the identity of another company director. Because the Hong Kong company formation procedures require the appointment of at least one director, the option to appoint a nominee director for a Hong Kong company is preferred…
