Company formation
with bank account

On May 15, 2013, the Securities and Futures Commission (SFC) in Hong Kong launched a three month consultation procedure regarding the proposals for the reform of the system of professional investors and the requirements regarding the mandates between investors and intermediaries set out by the Code of Conduct.   The main proposals include : The [...]

As a corporate services provider to both the off- and on-shore industry, SFM has been diligently monitoring the so-called « off-shore leaks » media frenzy.   In spite of all the fuss being made, very little information has filtered in the media so far regarding the owners of off-shore companies, other than public information.   [...]

Recently, the Dubai International Financial Centre (DIFC) organized a public consultation on legislative changes particularly relating to aligning the regulation of free-trade agreements with the international standards of tax transparency.   Administrative authorities of the DIFC proposed amending a number of laws through an amendment to comply with the requirements in the OECD Global Forum [...]

China has recently decided to liberalize the renminbi, the official currency of the country, by opening the RQFII to international financial companies based in Hong Kong.   The RQFII (Renminbi Qualified Institutional Investor) program is a key element in the measures taken by China to globalize its currency and make it convertible.   In doing [...]