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Hong Kong SFC licenses | Bestar Hong Kong SFC Licensing In Hong Kong, any corporation or individual carrying out "regulated activities" in the securities and futures markets must be licensed by the Securities and Futures Commission (SFC) . The licensing regime is divided into several "Types" based on the specific financial services being provided. Types of SFC Regulated Activities There are currently 10 active license types (with others pending or specialized): Type Activity

Hong Kong Tax Exemptions (Offshore Claims) | Bestar Hong Kong Offshore Tax Claims Hong Kong Tax Exemptions (Offshore Claims) Hong Kong operates under a territorial source principle of taxation. This means that only profits arising in or derived from Hong Kong are subject to Profits Tax. If your profits are earned from activities conducted entirely outside of Hong Kong, you can apply for an Offshore Claim to exempt that income from tax. As of 2025, the Inland Revenue Departm

Australia vs. Singapore Startup Launch | Bestar Australia vs. Singapore Startup Launch Choosing where to launch your startup in 2025 is a high-stakes decision between two of the most robust economies in the Asia-Pacific. While Australia offers a massive, resource-rich domestic market and world-class R&D incentives, Singapore serves as a hyper-efficient, tax-friendly gateway to the 600 million consumers in the ASEAN region. This article breaks down the Australia vs. Singapore

Automatic Exchange of Financial Information | Bestar AEOI 2025: Tax Transparency Expansion Automatic Exchange of Financial Information The Future of Global Tax Transparency: A Guide to Automatic Exchange of Information (AEOI) in 2025 In an era of borderless digital finance, the Automatic Exchange of Information (AEOI) has evolved from a regulatory concept into a global standard for financial integrity. As we move through 2025, the landscape is shifting once again, bringing n

Requirements for a Company Incorporated in Peninsular Malaysia to Operate in Sabah or Sarawak Operating in East Malaysia: A Guide Requirements for a Company Incorporated in Peninsular Malaysia to Operate in Sabah or Sarawak If you are a business owner with a company incorporated in Peninsular Malaysia (under the Companies Act 2016), you might assume that expanding to Sabah or Sarawak is as simple as opening a new branch. However, due to the Malaysia Agreement 1963 (MA63) , bo

Would You Like a Specific Market Entry Checklist for a Particular Country You are Targeting? | Bestar Would You Like a Specific Market Entry Checklist for a Particular Country You are Targeting? To expand your business globally, having a clear roadmap is the difference between a successful launch and a costly misstep. Whether you are eyeing Singapore as a regional hub or exploring European markets, a structured Market Entry Checklist ensures you cover the critical pillars of

International Services | Bestar Bestar Global International Services Guide Navigating Global Markets: Your Guide to International Services with Bestar Global Expanding your business across borders is a significant milestone, but it comes with a complex web of regulatory, financial, and administrative challenges. To succeed internationally, you need more than just a great product—you need a strategic partner who understands the global landscape. Bestar Global provides a compr

Joining Bestar Global Accounting Network Joining Bestar Global Accounting Network Joining the Bestar global network is a strategic move for established accounting firms aiming to enhance their international reach, brand prestige, and service capabilities. We are not just a collection of independent offices; we are a highly integrated global network of firms that operate under a unified brand, adhere to strict quality standards, and execute a cohesive global strategy. For a f

🇭🇰 The Definitive Guide to Incorporating a Tax-Exempt Company Limited by Guarantee in Hong Kong | Bestar Hong Kong Tax-Exempt CLG Incorporation 🇭🇰 The Definitive Guide to Incorporating a Tax-Exempt Company Limited by Guarantee in Hong Kong The Company Limited by Guarantee (CLG) is the pre-eminent and preferred legal structure for non-profit organizations, charities, and associations seeking tax-exempt status under Section 88 of the Inland Revenue Ordinance (IRO) in Hon

Malaysian Aircraft Parts Supply Permits Navigating Malaysian Airspace: Your Guide to Permits and Licenses for Aircraft Spare Parts Supply Malaysia is a strategic hub for the Southeast Asian aerospace industry, particularly in Maintenance, Repair, and Overhaul (MRO). Supplying aircraft spare parts in this dynamic market requires strict adherence to regulations set by the Civil Aviation Authority of Malaysia (CAAM) . For businesses looking to capitalize on Malaysia's growing ae

🇲🇾 The Essentials of Malaysia Digital Services Tax (DST) 2025: Compliance for Foreign Businesses | Bestar Malaysia Digital Services Tax Digital Services Tax (DST) in Malaysia 🇲🇾 The Essentials of Malaysia Digital Services Tax (DST) 2025: Compliance for Foreign Businesses What is Malaysia's Digital Services Tax (DST)? A Guide to SToDS Malaysia was one of the first countries in the Asia-Pacific region to implement a tax specifically targeting the digital economy. Officially

Compare Hong Kong's SFO/FIHV Tax Regime with the Corresponding Scheme in Singapore | Bestar Hong Kong vs. Singapore: Comparing the Family Office Tax Regimes (SFO/FIHV vs. 13O/13U) Compare Hong Kong's SFO/FIHV Tax Regime with the Corresponding Scheme in Singapore The competition between Hong Kong (HK) and Singapore (SG) to become Asia's premier wealth management hub is intensifying, particularly in attracting Single Family Offices ( SFOs ). Both jurisdictions offer highly at

Aligning Your Blueprint: Updating the Articles of Association for Your Customized SHA in Malaysia | Bestar Updating Malaysian Company Constitution Aligning Your Blueprint: Updating the Articles of Association for Your Customized SHA in Malaysia For Malaysian private limited companies (Sdn Bhd) with a customized Shareholders' Agreement (SHA) , ensuring the company's Articles of Association (now collectively known as the Constitution under the Companies Act 2016) is fully ali

The Ultimate Guide to Company Registration in Asia's Top 5 Hubs: Singapore, Hong Kong, Malaysia, Japan, & South Korea Register a Company How to Register a Company in Singapore, Hong Kong, Malaysia, Japan, & South Korea: A Comparative Guide for Foreigners Asia Company Registration Guide Asia's Business Landscape: A Strategic Overview Setting up a business in Asia offers unparalleled access to global supply chains, massive consumer markets, and dynamic innovation ecosystems. Bu

Accounting Services | Bestar Navigating Asia: Your Essential Guide to Accounting Services in Singapore, Hong Kong, Malaysia, and Japan Asian Accounting Services Guide Expanding your business across Asia's dynamic markets— Singapore , Hong Kong , Malaysia , and Japan —requires a deep understanding of each country's unique regulatory landscape. Choosing the right accounting services is not just about compliance; it's about gaining a strategic advantage. This guide highlights t

Understanding Repurchase Agreements: The Backbone of Short-Term Finance | Bestar Understanding Repurchase Agreements Understanding Repurchase Agreements: The Backbone of Short-Term Finance In the complex world of finance, where institutions constantly manage liquidity and short-term funding needs, the repurchase agreement , or repo , stands as a vital and widely used instrument. Often described as the "invisible plumbing" of the financial system, repos are essentially short-t

🇸🇬 Statutory Audit in Singapore: The Definitive Guide to ACRA Compliance and Choosing the Right Audit Firm | Bestar Audit & Assurance Singapore Guide 🇸🇬 Statutory Audit in Singapore: The Definitive Guide to ACRA Compliance and Choosing the Right Audit Firm The annual financial audit is a cornerstone of corporate governance and regulatory compliance in Singapore. Mandated by the Companies Act, the audit process ensures the credibility and fairness of a company's financial

Next-Generation Audit & Assurance Services | Bestar Singapore Next-Generation Audit & Assurance Services | Bestar Singapore Bestar Singapore provides market-leading Audit and Assurance Services, blending deep industry expertise with AI-powered digital technology. Strengthen corporate reporting, ensure regulatory compliance, and build stakeholder trust. In today’s dynamic business landscape, organizations need more than a statutory check—they require assurance that actively fo

Guide to Setting Up a Single Family Office (SFO) in Singapore: Your Gateway to Asian Wealth Management | Bestar Singapore SFO Setup Guide Guide to Setting Up a Single Family Office (SFO) in Singapore: Your Gateway to Asian Wealth Management Singapore has firmly established itself as a premier global hub for wealth management and family offices . With a robust legal system, political stability, a pro-business environment, and attractive tax incentives, the city-state is the j

Running a business smoothly requires more than just a great product or service. It demands smart financial management and strategic planning. That’s where financial consulting essentials come into play. By understanding and applying these essentials, you can optimize your business operations, reduce risks, and focus on growth. In this post, I will walk you through key financial consulting concepts and practical steps to help your business thrive. Understanding Financial Consu