A new regime for HK trust companies - 的近律師行 - 香港 - Deacons introduce a licensing regime for TCSPs to require them to apply for a licence from the Registrar of Companies (Registrar) and satisfy a “fit-and-proper” test before they can provide trust or company services as a business in Hong Kong; and make amendments to the existing requirements relating to financial institutions
Trust Company In Hong Kong: A Promising Business To Opt For Why set up a trust company in Hong Kong? Local entrepreneurs may find forming a trust business in this region advantageous for several reasons Let’s take a look at some of the top benefits the jurisdiction has to offer
HK consultation on regulation of trust business | Law. asia In July 2020, the Hong Kong Monetary Authority (HKMA) launched a consultation paper foreshadowing a Code of Practice for Trust Business The code will contain general principles and practical standards to govern the conduct of authorised institutions (AIs, being principally banks) and their subsidiaries conducting trust business in Hong Kong
Hong Kong Trust Industry - KPMG Key features of the Hong Kong trust industry: • Hong Kong’s well-established, diverse trust industry supports various financial services sub-sectors with the financial services sector being one of the four pillars of the Hong Kong economy • As a global financial centre with a well-educated workforce, robust
Introduction of Hong Kong Trust-Company Formation_Trademark . . . Under Hong Kong law, the transfer of movable property to a Hong Kong trust is protected from challenge under any forced heirship rules This allows the Settlor to achieve succession planning by settling assets into the Hong Kong Trust
Hong Kong Updates its Trust Law - Trident Trust Hong Kong has enacted a number of important amendments to its trust legislation, which will enhance the position of the jurisdiction as a trust domicile and as a fidu - ciary administration and management centre
Guide to Banking and Financial Services Licensing in Hong Kong Similar to most countries around the world, institutions that intend to carry on banking business or business of taking deposits in Hong Kong shall obtain a banking licence from the relevant authority Hong Kong Monetary Authority (the “HKMA”) is the relevant authority and primary regulator in Hong Kong granting such authorisation