The Hong Kong Financial Services and the Treasury Bureau (FSTB) has published the Consultation Conclusion and Legislative Proposal for a proposed company re-domiciliation regime in Hong Kong. The general overview of the legislative proposal is as follows:
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Legislative Proposal
General
8. We propose to amend the Companies Ordinance (Cap. 622) ("CO") to introduce an inward re-domiciliation regime. Under the CO, five types of companies could be formed in Hong Kong, including (a) private…