Hong Kong Asset Management License
The Securities and Futures Commission (SFC) is the gatekeeper of standards for individuals and corporations seeking to enter the securities and futures markets of Hong Kong.
Key Features
Under the Securities and Futures Ordinance (SFO), “asset management”, means providing a service of managing a portfolio of securities or futures contracts for another person.
At least one responsible officer available at all times to supervise the business. The same individual may be appointed to be a responsible officer for more than one regulated activity provided that he is fit and proper to be so appointed and there is no conflict in the roles assumed. At least one of your proposed responsible officers must be an executive director.
Legal Requirements
|
Requirements |
Description |
|
General |
|
|
Hong Kong Company |
|
No |
|
Share capital or equivalent |
|
|
USD 650,000 |
|
Directors |
|
|
1 |
|
Yes |
|
No |
|
Shareholders |
|
|
1 |
|
Yes |
|
No |
|
Service Providers Required |
|
|
Yes |
Tax Treatment
Profits tax is levied at the rate of 16.5% for income derived from Hong Kong. Profits derived from outside Hong Kong is tax exempt.
There is no withholding tax on interest or dividends and no capital gains tax.
Duration to Set Up
About 3 months
Distinctive Benefits of Licence
- Hong Kong imposes no restrictions on foreign investments and has no foreign exchange controls
- Ease of business establishment and licensing
- Favourable tax regime
- Conducive regulatory environment with formidable anti-money-laundering legislation
The Valsen Advantage
- End to end comprehensive service
- Speedy and efficient service
- Expert advice on structuring options
- Dedicated ongoing compliance support
- Extensive network pool of service providers