HongKong – Page 6 – Mayon Solutions

Hong Kong Accelerates Wealth Sector Growth with New Investor Schemes and Tax Reforms

March 11, 2024

Capital Investment Entrant Scheme aims to attract high-net-worth investors, bolstering Hong Kong’s wealth sector amid competition from global financial centers like Singapore and Dubai.With assets under management surpassing HK$30 trillion, Hong Kong boasts over 250 open-ended fund companies and 780 limited partnership funds. To foster market growth, the government plans to extend the ‘Open-ended Fund…
Read more

Hong Kong Raises Taxes On High Income Earners For First Time In 20 years

March 4, 2024

Hong Kong’s government has unveiled budget measures aimed at bolstering wealth management, including a rise in income tax for the top earning cohort – marking the first such increase in two decades. Starting from April 2024, a two-tier tax system will be implemented. Income up to HK$5 million ($640,000) will be taxed at a maximum…
Read more

Hong Kong’s Company Re-domiciliation Regime: What You Need to Know

February 26, 2024

Hong Kong boasts an open and efficient company governance regime, a reliable tradition of the rule of law, a simple taxation system, and world-class professional services. Its strategic location, along with its extensive commercial and trading networks with both the Mainland and worldwide, makes it highly favorable for corporations managing their operations in the Mainland…
Read more

Navigating the New Frontier of Identity Security: Challenges, Solutions, Innovations

February 19, 2024

Modern enterprises and individuals grapple with evolving challenges in identity, data access, privilege, automation, and unification. Today’s identity security challenges differ vastly from those of just a few years ago. The evolution of our work methods has led to a significant increase in the centrality of identities for both enabling and securing today’s enterprises. The…
Read more

Mayon Solutions team wishes Happy New Year to our esteemed partners and clients!

February 9, 2024

We want to express our sincere gratitude for the collaborative efforts and successful partnerships we have shared. May the coming year bring you prosperity, innovation, and the realization of your aspirations. Wishing you a wonderful holiday season and a prosperous New Year!

China’s Accession to Apostille Convention: Simplifying Cross-Border Document Certification

February 6, 2024

At the inception of the Hague Conference in 1893, the global legal landscape markedly differed from the present day. At that time, Hague Conferences were predominantly attended by Europeans, reflecting a Eurocentric perspective. Following the tumultuous aftermath of the two World Wars, the Hague Conference on Private International Law emerged as an autonomous inter-governmental organization,…
Read more

Hong Kong Aims to Lead in Green Tech and Finance

January 29, 2024

Hong Kong’s vision of becoming a global hub for green technology and finance can materialize with a strategic focus on supporting startups and harnessing China’s expertise in pivotal technologies, asserts the FinTech Association of Hong Kong. Sandeep Sethi, Co-Chair of the non-profit organization’s Green Tech and ESG Committee, emphasizes the need for intensified collaboration between…
Read more

Hong Kong’s Strategic Measures to Restore Its Global Financial Hub Status

January 22, 2024

Hong Kong authorities have unveiled a package of measures to support the real estate market, as well as stimulate activity in the stock market. These steps are expected to help Hong Kong maintain its status as a global financial center. Incentive measures are being taken taking into account the fact that “supply in the Hong…
Read more

Tag: HongKong