There’s a burst of excitement that every entrepreneur knows. That moment when you are struck with an idea for a new business. It’s a moment of both fear and excitement. Could it work? Has it been done? How big is the market? Is there a sustainable competitive advantage? Once you’ve done your research and reality
Home to many financial institutions, Hong Kong has long been recognised as a prime location for financial services. But amid the anti-government protests in 2019, there has been concern regarding the growth of the city’s economy, slumping Hong Kong into a long recession. While optimists believe the turbulence will subside and banks will recover, others
The economic substance legislation came into effect in January 2019 in the Crown Dependencies and overseas territories. It is designed to protect the reputation of offshore jurisdictions. It does this by ensuring that income streams from certain activities are based on actual local activity in order to substantiate the use of low tax jurisdictions. The
With the national security law China has passed in Hong Kong, banks including HSBC, Standard Chartered and Citigroup have seen a spike in inquiries from Hong Kong residents about opening offshore accounts. “It’s clear that wealthy families across the city are opening offshore accounts in an effort to protect their assets against any uncertainty. Whilst
If you are an artist, designer, photographer or other creative entrepreneur, you will have likely come into contact with intellectual property, whether you know it or not. Intellectual property refers to the creations of the mind that are protected by law, enabling you to earn recognition and benefit financially from your inventions. So, how are
Intellectual property (IP) is the lifeblood of any business. Yet, many entrepreneurs fail to protect it when starting out, only to realise their mistake when it’s too late. “For many start-ups, IP is likely to be more valuable than that of physical assets. They are created using the mind and can come in the form
It’s never too early to protect your trademark. And it should be one of the first considerations when starting your own business. It is a smart, commercially responsible thing to do and gives you peace of mind by shielding your mark from any unauthorised use. Not only do trademarks ensure that everything runs smoothly, but
As any successful entrepreneur will know, having the right tools in place during the early stages of a new venture is essential; from structuring a team to attracting investors, it takes a lot of planning before a single product or service is sold. During these early development stages, you should also take the necessary steps
When taking part in offshore banking, you do so in a different country to the one you reside in. As such, the term ‘offshore banking’ is typically used to describe overseas investments, companies and banks. But how do you open one? And how do you deposit or withdraw money? In this short article, we’re covering
We’ll always remember 2020 as being the year that COVID-19 swept the world. Arriving at overwhelming speed and on an enormous scale, with organisations facing a paralysing volume of unfamiliar decisions that could have incredible, long-lasting effects. The rapid deployment of measures to prevent the spread of COVID-19 have had a clear impact on how