CORPORATE & FIDUCIARY

Executive Summary:The Government sees Labuan's future in terms of its financial sector, and in 1990 created the Labuan Offshore Financial Services Agency (although 'Offshore' has since been dropped from the title) alongside a batch of 'offshore' laws. Labuan companies can make use of Malaysia's extensive double tax treaty network, and as a result the island has become a preferred conduit for FDI to a number of ASEAN countries. A stock exchange was established in 2000, aiming particularly at the listing of Islamic financial debt issues, and has had considerable successes.Malaysian taxes are moderately high, although on a territorial basis, but...

CORPORATE & FIDUCIARY JURISDICTION 2014

Industry research suggests that China will soon rank first in the world as a source of new incorporations. Traditionally, which regions of the world has your jurisdiction been most popular for? What types of business activity is most suitable for incorporating in your jurisdiction? As widely known, Hong Kong is one of the six international financial centers with strong reputation and high credibility. It remains the first place in the 2019 Global Economic Freedom Index. The business scope of Hong Kong companies is very wide with few restrictions. Today, trading and service companies are the most (widely/commonly) established companies in...

CORPORATE & FIDUCIARY JURISDICTION 2019

What are the key advantages of your jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed their assets to the next generation? In Hong Kong, there is no registration requirement for trusts. We think this is the key advantage of our jurisdiction which helps privacy.  During our practice, although there are some Chinese HNWIs have expressed their concern over the uncertainty arising from the enforcement of Hong Kong basic law after 2047, we believe this is not an issue since the trust can be re-domiciled to other jurisdiction always. In terms...

CORPORATE & FIDUCIARY JURISDICTION 2015

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? The demand from Chinese clients has seen a significant increase during the past few years. However, we expect a plateau, or even a slight decrease, in line with the policy and economic changes in early 2015. 2. What is the single most important advantage your jurisdiction provides for Chinese clients? 1) Hong Kong has well-established systems which provide a positive image for Chinese enterprises.2) As Hong Kong is an international...

CORPORATE & FIDUCIARY JURISDICTION 2015

Industry research suggests that China will soon rank first in the world as a source of new incorporations. Traditionally, which regions of the world has your jurisdiction been most popular for? What types of business activity is most suitable for incorporating in your jurisdiction.Around 210,000 international business companies (IBCs) have been registered in Seychelles since 1995, including over 8,000companies registered in 2018, making IBCs one of the world’s most popular global business companies.The two largest markets for IBCs are Europe and Asia, especially Hong Kong, China and Singapore. While business in Europe is declining, Asian business continues to grow. IBCs...

CORPORATE & FIDUCIARY JURISDICTION 2019

What are the key advantages of your jurisdiction in terms of privacy & asset protection for a Chinese HNWI or Family (etc.) looking to succeed their assets to the next generation? Whether it is a Seychelles trust or Seychelles foundation, the relevant laws provide for a great deal of privacy and asset protection. In the case of a trust, there is no public record of the settlor, trustees or beneficiaries. The trust deed and any other documents relating to the trust are also not publicly filed. Upon registering a trust, the trustee must simply file a declaration confirming that all...

CORPORATE & FIDUCIARY JURISDICTION 2015

1. Industry research suggests that China will soon rank first in the world as a source of clients. Have you experienced an increase in demand for your company incorporation services from this region? Yes 2. What is the single most important advantage your jurisdiction provides for Chinese clients? There is no requirement for filing any details about the company with the Registrar, and therefore information is not publicly available. 3. What is the main reason a Chinese client would consider using a shelf company in your jurisdiction? The “long” time frame for delivery of company documents to China (a courier from Seychelles may...

CORPORATE & FIDUCIARY JURISDICTION 2015

What are the advantages of the jurisdiction for Chinese investors? The general advantages of the jurisdiction include: Traditionally signed certificate of incorporation and formation documents, registered very quickly, usually within 1 day. Seychelles IBCs, Foundations and trusts are not taxed in Seychelles and there are no requirements to prepare, audit or file accounting statements. Privacy guarantees are clearly provided for in the various legislations. Low cost. A Seychelles IBC can be formed, all fees included, for the less than the government fee of a BVI company. What types of companies can be opened? IBC, Domestic companies, CSL, PCC What are...

CORPORATE & FIDUCIARY JURISDICTION 2014