The ratification of a Double Taxation Agreement (DTA) between Jersey and Hong Kong has been welcomed by Jersey Finance, expanding its growing business in the Far East.
The DTA—originally signed in February 2012—was formally introduced into law on 28 June this year following the completion of all relevant regulatory and legislative procedures in both jurisdictions.
Geoff Cook, chief executive of Jersey Finance, said: “The benefits of this DTA right across Jersey’s wealth management, expat banking and corporate service areas are significant.”
“This DTA will add greatly to the reasons for investors and institutions in Hong Kong to have confidence in and choose Jersey as their preferred European financial centre to invest in Western markets.”
