The wife of development chief Paul Chan Mo-po refused yesterday to disclose the ownership details of her company, which is under fire for owning unauthorised subdivided flats - even as more land records pointed to her possible role in subleasing the apartments.Wednesday, 15 August, 2012, 10:58pm
Bermuda is stepping up its efforts to attract Chinese and Hong Kong companies to use the territory as their base of incorporation, in the face of intense competition from other low-tax jurisdiction rivals such as the British Virgin Islands and the Cayman Islands.12 Jul 2012 - 12:00am
Successful entrepreneurs and high-net-worth investors generally take tough meetings and strategic decisions in their stride.
Often, though, there is a marked reluctance to do just that when the issues at hand relate to succession planning - passing on wealth, investments and, possibly, control of the business to members of the next generation.7 May 2012 - 12:00am
Hong Kong stands to gain from recent amendments of a new US tax law that cracks down on non-US financial institutions that help Americans hide their wealth, a tax expert says.
The United States Foreign Account Tax Compliance Act takes effect next year and seeks to prevent US citizens or permanent residents from shirking their tax obligations by using offshore accounts.26 Feb 2012 - 12:00am
Hong Kong and Singapore are catching up with the British Virgin Islands and Cayman Islands as the preferred places for companies to register, a survey has found.
Offshore Incorporations Ltd (OIL), which sells offshore shell companies, said more multinationals would set up in Hong Kong and Singapore in the next five to 10 years.8 Dec 2011 - 12:00am
Delays in modernising Hong Kong's trust ordinance could be losing the city millions of dollars in professional fees and services, according to the Hong Kong Trustees' Association.
'The delay is very concerning because we are losing a lot of business to Singapore and Malaysia at a time when we should be attracting business,' says association chairman Carolyn Butler.23 Oct 2011 - 12:00am
As long as Hong Kong remains a financial centre and a free port, it will be an attractive place for money-launderers and tax dodgers. Reputation is everything to a city such as ours, so tight regulation, transparency and diligent policing are important.30 Aug 2011 - 12:00am
Cogo Group, a leading supplier of information-technology components to mainland manufacturers, has moved a step closer to a planned listing in Hong Kong, after last week completing a change of domicile to the Cayman Islands.9 Aug 2011 - 12:00am
The Pacific island nation of Vanuatu yesterday opened a trade office in Hong Kong, angling itself as an offshore incorporation destination for mainland and Hong Kong firms.
Vanuatu's sales pitch follows its exclusion from the 'list of unco-operative tax havens' published by the Organisation for Economic Co-operation and Development.15 Jul 2011 - 12:00am
It's a balmy Friday night on the Caribbean island of Tortola and the Dove wine bar is heaving. The sharp-suited crowd sipping espresso martinis and imported beer aren't tourists, but tax and trust lawyers who frequent the island's tiny courthouse next door.19 May 2011 - 12:00am
Wealthy mainlanders are increasingly sending their offshore income home via the British Virgin Islands to avoid paying tax in a trend that has entrenched the Caribbean haven as China's second-biggest source of foreign investment, experts say.19 May 2011 - 12:00am
Many of the new class of high-net-worth individuals, created by the Asian economic boom, are all too aware of the historical examples which show one generation of a family making a fortune, the next spending it, and the third having to start all over again.20 Apr 2008 - 12:00am
Hong Kong failed in its attempt to start a captive insurance market in 1997, but rapidly growing mainland conglomerates could breathe new life into the city's dream and make it a niche market for specialist insurers.14 Apr 2008 - 12:00am
A scarcity of mainland property assets held by offshore investors is forcing new foreign companies onshore to deal directly with mainland property owners, consultants say.
Demand for mainland property assets held offshore rose sharply from the middle of last year when regulatory controls over foreign investors buying real estate were tightened.26 Mar 2008 - 12:00am
Groupe Danone said assets of Wahaha's 10 offshore companies were frozen until further order from British Virgin Islands(BVI) court, after the mainland's State Trademark Office turned down a transfer of the Wahaha brand to the venture between the two disputing parties.21 Nov 2007 - 12:00am