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e20230228 Streamlining Group Structure in Hong Kong from company secretarial perspective
Description
Please be reminded that this is an e-seminar which can be accessed anytime to obtain the CPD hours.
In recent years, businesses in Hong Kong have been facing significant challenges and exposing to business risks, uncertainties and disruptions arising from the global economic distress brought along by the continuous pandemic outbreak. Apart from that, the more stringent and fast-changing regulatory compliance requirements together with the imminent enactment of the regime treating certain foreign-sourced income as chargeable to tax in Hong Kong (FSIE Regime) may also impose regulatory risks and tax obligations against businesses. All these factors are likely to prompt business in Hong Kong to consider and plan ahead an intra-group restructuring in order to mitigate risk and tax obligations, and at the same time achieve higher cost efficiency. Group restructuring or streamlining is therefore one of key factors and solutions to be considered when tax professionals formulate tax planning proposals. In this webinar, the speakers will address to the following elements:-
- discussion on the common ways to streamline group structure in Hong Kong including court-free horizontal / vertical amalgamation, members’ voluntary liquidation and deregistration
- explanation of the requirements, procedures, implementation timeline and effect of court-free horizontal / vertical amalgamation, members’ voluntary liquidation and deregistration pursuant to the Hong Kong Companies Ordinance
- case sharing of complex group restructuring with practical tips on implementation