Author: beasadmin

Bill on foreign-sourced income exemption regime gazetted The Government published legislative bill on the proposed refined foreign source income exemption regime (FSIE regime) on 28 October 2022. The Inland Revenue…

Amendments to the BVI Business Companies Act The BVI Business Companies (Amendment), Act, 2022 (“the Act”) will come into force on 1 January 2023. The Act seeks to strengthen the…

Hong Kong’s Comparative Advantages Hong Kong is strategically located at the heart of Asia. The business-friendly environment, low taxes, rule of law, free economy and modern infrastructure make Hong Kong an ideal place…

The risks of a company with sole shareholder and director There are always potential dangers to a company in having a sole shareholder-director. Very often business owners fail to consider…

Proposed refinements to foreign source income exemption regime for passive income in Hong Kong In October 2021, the European Union (EU) has put Hong Kong on the “greylist” or “watchlist”…

New Inspection Regime – Implementation of Phase 2 In our newsletter of September 14, 2021, we briefly introduced that the Companies Registry (CR) in Hong Kong has announced the launch…

Commencement of New Inspection Regime – Phase 1 by Hong Kong Companies Registry The Companies Registry (“CR”) in Hong Kong has announced the launch of the first phase of the…

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Promotion on Hong Kong Company Formation It is believed that the threat of the COVID-19 will be virtually eliminated by mass vaccination, bolstering consumer and business confidence in recovery global…

Highly Efficient Cloud-Based Accounting Software – XERO Xero was first launched in New Zealand in 2006 by a New Zealand-based software company and became a trending buzz worldwide. Today, it…