Category: Compliance Insight

A Comprehensive Guide to Tax Concessions for Family Offices in Hong Kong: Requirements, Qualifications, and Comparisons Profit Tax Concessions for Eligible Family-owned Investment Holding Vehicles and Family-owned Special Purpose Entities Only the assessable profits of FIHVs and FSPEs arising from qualifying transactions and incidental transactions would be eligible for profits tax concessions, which would apply […]

LPF vs OFC: A Comparative Analysis of Hong Kong’s Popular Investment Vehicles Open-ended fund companies (OFCs) and limited partnership funds (LPFs) are two of the most popular investment vehicles in Hong Kong’s investment fund landscape. OFCs were introduced in 2018 and have gained popularity due to their flexibility and suitability for different types of investment […]

Preparing for the New Regulatory Regime: Latest Updates on Type 13 for Trustees and Custodians of Hong Kong Public Funds The Securities and Futures Commission (SFC) has clarified that the scope of the type 13 regime in Hong Kong’s securities and futures industry is limited to top-level trustees or custodians. Delegates, including sub-custodians, are not […]

Challenges with Traditional Client Onboarding: The Need for a Digital Alternative to Improve Efficiency and Reduce Risk Compliance Challenges During Non Face-to-Face Onboarding The rise of online banking and remote customer interactions has led to an increase in non face-to-face #onboarding, which presents unique challenges for financial institutions in terms of compliance with #KYC and #AML regulations. In a case […]