Developing News – Hong Kong Banking May Get Easier & Tax Reductions For SMEs

Michael MicheliniBanking, Blog, Corporate5 Comments

I’ve never been so excited – after years of frustration – I remember back in March 2016 as this banking nightmare started – seems Hong Kong regulators are loosening up.

And developing news that the Hong Kong banking system may ease up with not requiring local HK residential address proof, combined with tax reductions from 16.5 to 8.25% if profit is less than 2 million HKD. Maybe someone is reading this blog and taking note, hope this can save HK business!

Its in local news (attached) and we will report more as we learn more.