What is an Offshore Company? In general, an offshore company is a company that is incorporated or registered in another jurisdiction other than where the original principals are located. An illustration of an offshore company refers to a resident in Singapore that choose to incorporate an International Business Company (IBC) in Belize to conduct business. …
In November 2019, the people’s Bank of China issued a notice in Hebei Province, Zhejiang province and Shenzhen City to pilot large-scale cash management trials. This involves the imposing of cash management requirements on public accounts of at least 500,000 yuan and private accounts of at least 100,000 yuan in Hebei, 300,000 yuan in Zhejiang, …
Hong Kong is a US$10 trillion financial hub located in Asia. For decades, Hong Kong has been lauded as the economic gateway to China for investors and Multinational Corporations (MNCs). As China continues to grow and contributes a larger share of world GDP each year, many are attracted to do business with China. What better …
In a research by McKinsey revealed that more than 40 of the world’s 100 largest banks by assets are Asian banks and it accounts for approximately 50% of the market capitalisation by the top 100 banks globally. With rising incomes and the growing middle-class, emerging markets of Asia will continue as a major engine of …
Hong Kong vs Singapore – The best place to open a bank account in Asia? Read More »
Hong Kong and Macau are not peas in the pod, each special administrative region (SAR) offers opportunities to each fiscal strength. Global financial center or world’s gambling capital, both have their distinctiveness and should be celebrated.
