ILS is licensed in Hong Kong

TCSPs are now required to apply for a licence from the Hong Kong Companies Registry and satisfy a 'fit-and-proper' test before they can provide trust or company services as a business.

Hong Kong managing director, Lilian Cheung, said: "This is the first time TCSPs have been subject to their own regulatory regime in Hong Kong. As an international fiduciary we embrace the process of bringing Hong Kong into line with international standards and believe it will only increase the advantages of working in this jurisdiction."

For further information on doing business in the Hong Kong please contact managing director Lilian Cheung at lilian.cheung@ils-world.com