On 1 January 2024, Foreign State Immunity Law of The People’s Republic of China (“FSIL”) came into effect, changing and clarifying the position of sovereign immunity under the laws of Hong Kong and mainland China....more
In a move to enhance Hong Kong’s status as a global business and financial hub, and to attract foreign companies to take advantage of Hong Kong’s taxation system and professional services–thereby encouraging investment and...more
6/16/2025
/ Business Entities ,
Corporate Taxes ,
Eligibility ,
Filing Requirements ,
Financial Services Industry ,
Foreign Corporations ,
Foreign Investment ,
Hong Kong ,
International Tax Issues ,
Investment ,
New Legislation ,
Non-Domiciled Investors
On May 21, 2025, Hong Kong’s Legislative Council passed the Stablecoins Bill, establishing a regulatory framework for stablecoins–cryptocurrencies whose value is tied to an external asset or commodity. This marks an important...more
5/27/2025
/ Cryptocurrency ,
Digital Assets ,
Financial Institutions ,
Financial Regulatory Reform ,
Hong Kong ,
Hong Kong Monetary Authority (HKMA) ,
Investment ,
Investors ,
Licensing Rules ,
New Legislation ,
Regulatory Oversight ,
Regulatory Requirements ,
Retail Investors ,
Stablecoins ,
Virtual Currency
Seyfarth Synopsis: To bring Hong Kong’s Foreign-Sourced Income Exemption (FSIE) regime in line with the European Union’s updated guidance on FSIE regimes promulgated in December 2022, the Inland Revenue (Amendment) (Taxation...more
To bring Hong Kong’s Foreign-Sourced Income Exemption (FSIE) regime in line with the European Union’s updated guidance on FSIE regimes promulgated in December 2022, the Inland Revenue (Amendment) (Taxation on Foreign-sourced...more
On 14 April 2023, the Stock Exchange of Hong Kong Limited (“HKSE”) published a consultation paper seeking market feedback on proposals to enhance climate-related disclosures under the current ESG framework for listed...more