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

  • Corporate  vehicle permitted

Hong Kong Company

  • Local physical office required

No

Share capital or equivalent

·         Minimum paid up capital

USD 650,000

Directors

  • Minimum number

1

  • Corporate directorship allowed

Yes

  • Local director required

No

Shareholders

  • Minimum number

1

  • Corporate shareholders allowed

Yes

  • Local  shareholders required

No

Service Providers Required

  • Company Secretary

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

Telephone:

+248 252 5217

[email protected]

vf-international.com