Obtaining an SFC License in Hong Kong: Everything You Need to Know
May 27, 2024
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by Tetra Consultants
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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....
Hong Kong Corporate Tax Rate: Understanding Taxation for Businesses
April 29, 2024
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by Tetra Consultants
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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...
Best Business Opportunities in Hong Kong and Types of Business in 2024
January 8, 2024
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by Tetra Consultants
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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 VASP License: Navigating the Evolving Regulatory Landscape for Virtual Assets
June 6, 2023
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by Tetra Consultants
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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,...
7 Things to Know About MSO License in Hong Kong
March 26, 2023
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by Tetra Consultants
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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...
Ultimate guide on Money Service Operator License Hong Kong
February 16, 2023
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by Tetra Consultants
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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...
4 Accounting and Tax Obligations to Know about Private Limited Company in Hong Kong
August 29, 2022
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by Tetra Consultants
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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...
5 Disadvantages of Setting up a Company in Hong Kong
August 22, 2022
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by Tetra Consultants
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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...
4 Things to Prepare Before Setting up a Business in Hong Kong
August 12, 2022
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by Tetra Consultants
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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...
8 Things to Know Before You Open a Trading Company in Hong Kong
August 3, 2022
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by Tetra Consultants
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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...