Hong Kong

Shanghai FTZ Attracts World Attention

(MCI CLT Zhejiang, 2013-09-02) Shanghai phenomenally succeeded as China Mainland’s first Municipality with its 28.78 km² huge Shanghai FTZ (Free Trade Zone), last week finally enabled by the Standing Committee of the National People's Congress, China’s top legislative body. This is the result of Shanghai’s nearly 12 years ongoing piloting efforts against multiple resistance: Starting […]

12. NPC in China: No Changes to ‚one country, two systems‘

(Hong Kong, 04/03/2013) The spokeswoman for China's national legislative session on Monday denied speculation that the central government is "tightening up" control over Hong Kong. China's central government sticks to the principle of "one country, two systems," said Fu Ying, the newly-appointed spokeswoman for the first session of the 12th National People's Congress (NPC), at […]

The new Hong Kong Company Ordinance

Hong Kong fully rewrites its Companies Ordinance (Chapter 32 of the Laws of Hong Kong) with the aim to enhance corporate governance, ensure better regulation, facilitate business and modernize its company law. The new Companies Ordinance is expected to commence operation in 2014. Meanwhile, over ten regulations will have to be made to facilitate implementation […]

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\r\n (Dubai, 20/10/2014) In August 2014 already, the “so much to UAE committed” foreign bank Standard Chartered announced to exit parts of its SME business in the federat...
\r\n (Dubai & Berlin, 30/09/2014) The increasing “European-ization” of all areas will now also make no longer halt before inheritance. At least, once international ba...
\r\n (Dubai, 04/09/2014) This week the World Economic Forum (WEF) published the results of its annual Global Competitiveness Report (GCR) 2014-2015 with impressive rankings for the U...
\r\n (Dubai, 30/08/2014) Since June/July this year, licensees of Dubai’s DMCC start to rub their eyes when it comes to their annual license renewal. Out of the blue, the Free Z...
\r\n (Dubai, 08/08/2014) MCI offers actually several Shelf Companies, aged between 2yrs, 10mths and 6yrs, 1mth - as per August 2014.\r\n\r\n\r\n\r\n \r\n \r\n \r\n DESCRIPTION\r\n \r\n \r\n ...
\r\n (Hong Kong, 2014-07-27) This month, the first revision of Shanghai Free Trade Zone’s (FTZ) Negative List took place.\r\n\r\n\r\n\r\n Shanghai Free Trade Zone (FTZ) was launched in...
\r\n (Dubai, 14/07/2014) The UAE Ministry of Labour (MOL) has announced that it will stop the usage of the old plastic labour cards & paper contracts starting from July 13, 2014....
\r\n (Hong Kong, 25-06-2014) We found a very interesting BBC documentary about China's debt policy and situation from February 2014, critical as well (of course). But watch yours...
\r\n (Dubai, 13/04/2014) With effect 01/05/2014, Emirates NBD massively increases the required Minimum Balances for its Business Banking Clients.\r\n\r\n\r\n\r\n Emirates NBD, one of UAE'...
\r\n (Dubai, 26/03/2014) Finally, Virtual Currency (VC) Tax Rules - including the most popular, Bitcoin - came to the US on March 25! Several insiders predicted that the government w...

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