 |
| Dear Friend of Zetland, |
 |
| In the next couple of weeks 2017 is coming to an end. Apart from the election of Hong Kong’s new Chief Executive and the ever blooming Hong Kong stock market during the year, Hong Kong experienced a relatively calm year, and remained a stable and solid jurisdiction for business. |
| While everyone is busy with their gift lists and travel plan for the upcoming Christmas holidays, many participating jurisdictions under the Automatic Exchange of Financial Account Information (AEOI) arrangement, which include the Inland Revenue Department of Hong Kong, are getting ready for the full implementation of AEOI in 2018- with the first exchange by the end of 2018. |
| Most of you, in particular the corporate account holders, should have already received questionnaires from the banks in the reportable jurisdictions for the due diligence procedures under AEOI. You may still be trying to understand the terms and definitions in completing the AEOI questionnaire, before the submission due date, this may be a good time to consider the tax implication as well as benefits in creating structures, or amending the existing ones in relation to AEOI regime. Zetland Group is here to help. |
| We wish you all have a wonderful Christmas and a Happy New Year. Please feel free to write to us if you have any questions or require our services. |
Yours sincerely,
Sylvester Chu
Zetland Tax Advisors
|
|
 |
| Hong Kong Policy Address – Tax Incentives |
|
| Carrie Lam, the Chief Executive of Hong Kong, presented the first Policy Address in her term of office to Legislative Council.
In her address, the Chief Executive laid out a wide range of measures to enhance the economy and address various social issues. |
 |
|
|
[More...] |
|
| Trust and Company Service Providers to be Licensed in Hong Kong Next Year |
|
|
The Hong Kong Government proposes to introduce a licensing regime for trust or company service providers (“TCSPs”), which will be in force next year, to fulfill the FATF requirements.
|
 |
|
|
[More...] |
|
| Zetland Fiduciary Group Limited Sponsored China Offshore Shanghai Summit 2017 |
|
|
China Offshore Summit 2017 is one of the Asia’s largest financial and wealth management summits since the inception in 2010. It is held bi-annually in Shenzhen and Shanghai.
|
 |
|
|
[More...] |
|
| Belize Foundations |
|
|
The structure of the Belize International Foundations is very similar to that contemplated for trusts and their administration. The crucial difference lies in the fact that a foundation in contrast to a trust enjoys legal personality.
|
 |
|
|
[More...] |
|
| Singapore – Single Family Office Structure |
|
|
Singapore is a popular Asian financial destination due to its business and wealth friendly tax environment. The headline tax of 17% is neither too low to be deemed as a tax haven, nor too high to drive away wealthy individuals.
|
 |
|
|
[More...] |
|
|
