SINGAPORE, Feb. 28, 2019 /PRNewswire/ -- Solas Fiduciary Services (Solas), a privately-owned company that provides independent non-executive directorships to funds and fund managers, announced plans to expand by opening a second office in Central, Hong Kong.
"We are delighted to announce the opening of our new Hong Kong office," said Suzanne Callister, newly-appointed Director of Hong Kong at Solas Fiduciary Services. "This will place us in close proximity to some of the world's leading funds, in the midst of a thriving ecosystem! This will definitely fuel the growth of Solas and increase our capabilities in serving our clients. We are ready and open for business."
Located in KSF Business Centre along Queens Road, the new location will strengthen their presence in Asia Pacific, especially in assisting fund managers with on-shore governance in Hong Kong, following the recent proposed amendments of its tax exemption policy.
On 5 November 2018, the Financial Services and Treasury Bureau (FSTB) in Hong Kong proposed amendments to the tax exemption scheme to enable onshore funds to enjoy the same tax incentives as offshore funds and for funds to enjoy a profits tax exemption on their investments in both Hong Kong and Non-Hong Kong private companies.
"We are seeing a shift to a more regulated onshore environment globally and Hong Kong is meeting that demand with the announcement by the FSTB above and the launch of the Open-ended Fund Companies ("OFC") regime in July 2018. With our global network and local experience, we are committed to providing our best service and governance possible to existing clients based there, as well as new ones," said Solas Fiduciary Services Managing Director, Martin O'Regan.
To celebrate the opening of this new, strategically-important office, Solas will be holding an exclusive launch party on 5th of March for its clients, partners and friends. For those who wish to attend the event, more details can be found here: http://bit.ly/SOLAS_HK
About Solas Fiduciary Services Pte. Ltd.
Established in April 2016, Solas Fiduciary Services is a fully-independent company based in Singapore, but with access to professional directorship networks and knowledge of international jurisdictions, with Mandarin-speaking coverage and a global network. Its experience encompasses all aspects of audit, compliance, fiduciary, fund administration and banking services to hedge funds, fund of funds and other alternative investment vehicles, including fintech, private equity funds, infrastructure funds, property and real estate funds, discretionary and private funds.
In addition to board support, the company offers consultancy on service provider selection, fund structuring advice, document review, due diligence, regulatory analysis, ongoing governance support and advisory, M&A activity and guidance. With strong business networks across the Americas, Caribbean, Europe, MENA and Asia-Pacific regions, the team is highly experienced with Singapore, Cayman, Hong Kong, Bermuda and other offshore jurisdictions.
For Media Contact:
Related Links :