In line with international standards combating cross-border tax evasion, the Hong Kong government is amending its Foreign-Sourced Income Exemption (‘FSIE’) regime. On October 28th, 2022, the legislative bill of the proposed new regime (the ‘New Regime’) was released. Simultaneously, the Inland Revenue Department (‘IRD’) issued some guidelines enabling targeted enterprises to better understand the practical…
We are pleased to share our Corporate Member Constantin’s latest guide on Hong Kong’s Business & Regulatory Environment. This update has been prepared to assist those interested in doing business and investing in Hong Kong to comprehend the major components of the business framework and tax system. Content: Incorporation Business operation Labour Regulations Tax Incentives Their research…
This morning it was announced that the HKgov will change the Mandatory Hotel Quarantine scheme from 7 days to a 3+4 setting. Also it was specified that the arrival date of the passenger will be day 0, whereas so far the arrival day counted as day 1. The new scheme will take effect starting from…
Hong Kong, July 28, 2022 As any Chamber of Commerce, the Belgium – Luxembourg Chamber of Commerce (“BLCC”) in Hong Kong goes through chapters in time, matching the evolution of the business environment and the community of members. Hong Kong is at the tail end of a highly impactful period; a new chapter is soon…
Thanks to our Corporate Member & Silver Sponsor KBC Bank, we are able to share the insightful KBC Economic Perspectives – Asia Edition with you. Here some highlights from the most recent edition: The war between Russian and Ukraine is still having an impact on the world economy (food, gas, fuel, etc.), which is causing a huge prize inflation. Due to…
Today it was announced that the HKgov will halt their policy of imposing flight bans on airlines transporting a certain amount of passenger who turn out to be carriers of the virus. This is a very welcome move for the many travelers returning from Europe and other places to Hong Kong. This measure will have…
On Wednesday 8 June, we had our 29th BLCC AGM that took place at our office at The Desk. We are extremely happy to introduce our following three new Board of Directors. Welcome to Justin Campbell! Justin Campbell is a Director of Technology Consulting for Asia-Pacific at Willis Towers Watson in the Insurance and Broking…
What a great first gathering we had last night 26 May in de België pub on Elgin street! With the health measures relaxed to such a level that we could safely & responsibly gather again with our business communities, we gladly made use of it and organized an informal Happy Hour session. With around 40…
Yesterday, May 19 2022, Laurent Doucet, Partner at Roland Berger, made an incredible presentation about Regional Headquarters (RHQ). Laurent divided this webinar into three main points: Context and challenges of RHQ Context Asian RHQs of Fortune Global 500 companies Rethinking RHQ and location assessment framework Selected case studies Please note that if you are looking…
On Wednesday 18 May, the Dutch Chamber organized this insightful hybrid event; your BLCC warmly supported it. Recent geo-political and economic developments have made a tremendous impact on the international business environment, including Mainland China. Examples of major changes are: the Common Prosperity Policy of Mainland China, Chinese government intervention in (digital & financial) markets,…
