Hong Kong has established a rather unique vehicle, the Occupational Retirement Scheme (ORS), and its use is not restricted to Hong Kong. An ORS is capable of attracting pension assets from across Asia, Europe and North America. The ORS structure not only benefits from tax-free pension accumulation but it also works as a tax friendly repository, which […]
Today’s forum, the 23rd event under the FSDC Practitioner Speakers Series, featured Non-Official Member of the Executive Council, Distinguished Research Fellow of the Lau Chor Tak Institute of Global Economics and Finance at the Chinese University of Hong Kong and Executive Vice President of the China Society for Finance and Banking Mr Joseph Yam. Mr […]
Hong Kong (HKSAR) – Following is the speech by the Financial Secretary, Mr Paul Chan, at the Financial Times-AIIB Summit today (November 1): President Jin (President of the Asian Infrastructure Investment Bank (AIIB), Mr Jin Liqun), Ms Mackay (Managing Director of Asia Pacific and Global Publisher of FT Live at the Financial Times, Ms Angela Mackay), […]
Switzerland, which developed cross-border wealth-management in the 1920s, once was in a league of its own as a tax haven. Since the 1980s, however, tax-dodgers have had a rich menu to choose from: They can hide assets anywhere from the Bahamas to Hong Kong. The percentage of global wealth held offshore has increased dramatically—but it […]
HONG KONG, Sept. 20, 2017 /PRNewswire/ — Hong Kong Cyberport (Cyberport) and the Hong Kong Monetary Authority (HKMA) bring the largest FinTech delegation to London from 19 to 21 September to expand partnership network for FinTech industry players between the two cities. This is part of the annual ICT delegation co-organised by Cyberport and the Hong Kong Information Technology […]
A specific type of Hong Kong pension law framework, when structured compliantly, can produce a cross-border financial structure that is government regulated, registered and recognized to reduce the cost of tax for cross-border investment into and out of Canada. A Hong Kong ORSO is after tax contribution with the idea that withdrawals after age 55 […]
‘Only five big countries act as conduit-OFCs,’ the researchers from Corpnet said in a new report. ‘Together these five conduits channel 47% of corporate offshore investment from tax havens, according to the data we analysed.’ The two biggest conduits by far are the Netherlands (23%) and the United Kingdom (14%), followed by Switzerland (6%), Singapore […]
Knowing the differences in Hong Kong ORSO Schemes is what makes the difference because: OECD: Common Reporting Standard (CRS) disclosure facility to close in on retirement schemes in Hong Kong allegedly set up to circumvent CRS reporting. The OECD in May 2017 launched an online disclosure facility for information on schemes designed to or suspected to […]
The Hong Kong ORS is not exempt from CRS/FATCA reporting; which means the ORS is not recognized internationally for deferral of income. ORS402(b) is an exempt from CRS and FATCA reporting exempt beneficiary financial account. WE provide the whitepapers to explain the difference between a Hong Kong ORS and our private label ORS402(b). Overseas Financial […]
HONG KONG: China will lift a two-year suspension on foreign fund raising money in the country to invest overseas as early as June, people familiar with the matter said, a sign that Beijing is getting less anxious about capital outflow pressures. Some industry executives said the expected resumption of the Qualified Domestic Limited Partnership (QDLP) […]
Offshore law firm Appleby noted in its latest Offshore-i report that last year Cayman-incorporated companies were the target of 920 transactions worth a combined US$84 billion, representing 36 percent of total offshore deal value. “Cayman remained the leader in offshore deal volume and value in 2016, accounting for the largest portion of the year’s offshore […]
“The Heavens. Annual Report” Paolo Woods & Gabriele Galimberti Centre Assas | Université Paris 2 Panthéon-Assas AS A PART OF THE MOIS DE LA PHOTO DU GRAND PARIS 2017 The Université Paris II Panthéon-Assas and the Rencontres d’Arles are teaming up for a groundbreaking approach to the debate over major social issues by bringing specialists […]