Fung, Yu & Co. CPA Limited

Hong Kong plans to allow foreign companies to re-domicile in the city, without facing difficulties such as economic substance requirements or changes to the company identity.
https://www.fungyuco.com/blog/hk-redomiciliation-process/

Hong Kong plans to allow foreign companies to re-domicile in the city, without facing difficulties such as economic substance requirements or changes to the company identity.

https://www.fungyuco.com/blog/hk-virtualasset-requirement/

New IPO listing rules geared towards specialist technology companies in Hong Kong and streamlined regulations in Shanghai and Shenzen will accelerate the rebound in all three markets in 2023.
https://www.fungyuco.com/blog/2023-hk-mainland-ipo-outlook/

Qualifying Single Family Offices can now claim tax concessions for Family Investment Holding Vehicles in Hong Kong.

Tax Concessions for HK Family Office Investments - Fung, Yu & Co. CPA Limited The Hong Kong SAR government’s programmes to accelerate the development of the region’s Family Office sector reached a significant milestone with The Inland Revenue (Amendment) (Tax Concessions for Family-owned Investment Holding Vehicles) Bill 2022, which was introduced in December, after publi...

3 days seminari begin! 7 days seminar (3 in Shanghai + 4 in Hong Kong) is definitly a new trial for us.

Hong Kong has deepened its economic ties with the Middle East, with a range of commitments including plans for Saudi Arabia’s stock exchange to collaborate with HKEX.

Deepening Hong Kong-Middle East Economic Engagement - Fung, Yu & Co. CPA Limited Middle East Investments Hong Kong is now a critical conduit for investment, trade and development for the Middle East. Sovereign wealth funds from Saudi Arabia and the United Arab Emirates are set to establish US Dollar denominated Hong Kong-based vehicles to invest in the ongoing expansion of the G...

First proper event for us in 3 years! Great to see all of the old friends and meet new people!

The Family Office is essential to any High-Net-Worth individual today. Its origins can be traced to JD Rockefeller’s innovative approach to wealth management during the industrial revolution in the United States.

The origins of the family office: how a vision created history - Fung, Yu & Co. CPA Limited Origin of Family Office Family offices are exceptionally innovative, adaptable, and resilient enterprises that can achieve short- and medium-term objectives while furthering a vision and legacy that spans generations. Although each family office is unique to the profile of its founders, principals a...

Been 4 years since our last annual dinner!

Happy new year of Rabbit!

New Foreign Sourced Income Exemption (FSIE) Regime for Passive Income in Hong Kong
Specified foreign-sourced income received in Hong Kong by a local company of a multinational enterprise group will be taxable if it fails meet the exemption requirements (economic substance requirement, Nexus requirement or participation requirement)

Proposed changes to offshore regime for passive income in Hong Kong - Fung, Yu & Co. CPA Limited New foreign-sourced income exemption regime in Hong Kong Due to pressure from the European Union, the Hong Kong government is proposing to change the foreign source income exemption (FSIE) regime for the taxation of passive income. The government has submitted a draft of the new tax provisions to Le...

Wine is an asset with universal cultural appeal and world-renowned heritage, but it also outperforms equities helps hedge against inflation during volatile phases in financial markets. This makes it an ideal alternative diversifier for any portfolio.

Alternative Investment Series: Wine - Fung, Yu & Co. CPA Limited Wine Investment During a period when markets across the world face unprecedented volatility and currencies are under inflationary pressure compounded by unpredictable institutional policies, alternative assets are emerging as a key diversifier in portfolios. The growing popularity and appreciation f...