Unless a person has the right of abode or right to land in Hong Kong, he/she requires a visa/entry permit to work, study, establish or join in any business, take up residence or to stay in the Hong Kong SAR as a visitor longer than the allowed visa-free period.
Hong Kong continues to implement dynamic immigration policies that play a crucial role in enhancing its attractiveness to foreign professionals and investors
The new set of arbitration rules will both compliment and contrast with the major rules that are currently the standard choice for international arbitrations
Once an award has been issued by the tribunal, it must then be applied in order to be enforced in Hong Kong or internationally in a foreign jurisdiction.
Arbitrators have powers similar to Hong Kong courts in granting remedies, but parties are generally unable to appeal or challenge awards issued by tribunal.
There are important decisions to make regarding the appointment of the arbitrator(s) and the rules that will apply to the dispute resolution proceedings
Before arbitrating legal disputes, it’s important to understand how its unique procedural and award system make it a popular alternative dispute resolution.
It is reassuring for settlors to know that the Hong Kong courts hold professional trustees to a very high standard when exercising their fiduciary duties. Strong protection from the courts may be another reason why professional trustees may be preferred.
If you would like to carry on your family business for successive generations and you feel that the retention of such shares is of utmost importance and that you do not want a third-party trustee to interfere with the management of the business, then a PTC or a VISTA Trust may be the solution for you.
The major hurdle is finding the right trustee since there is no standard answer as the wishes of the settlor, family circumstances and asset picture or holding structure can all affect the choice of trustee.