Hong Kong rose from fourth to first place as a top financial center, according to the 2011 Financial Development Report recently released by the World Economic Forum (WEF). The annual report shows Hong Kong surpassing both the United States and the United Kingdom, a significant change from the 2010 rankings. Drawing from a variety of [...]Read More
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In a day and age where governments across the globe are seeking to dissolve the ways and means by which individuals are able to diminish their tax accountability on legally earned incomes, vigorous legal counsel coupled with robust estate and tax planning are becoming more and more prevalent. As an affluent citizen of any country, [...]Read More
John Tsang Chun-wah, the financial secretary of Hong Kong made a presentation at the Annual Convention of Hong Kong Investment Funds Association. He looked at how Hong Kong’s asset management sector will be supported by China’s 12th Five-Year Plan, China’s blueprint and action agenda for economic and social development for the 2011-15 period. He explained [...]Read More
The Cyprus government has recently issued new criteria for the naturalization of foreigners investing in Cyprus. Wealthy investors meeting the newly introduced criteria can obtain Cypriot citizenship. Naturalization is governed by the Population Records Law 2002 -2011. Traditionally, acquisition of citizenship through naturalization is conditional on the duration of residency while being legally employed in [...]Read More