ZhongChen Group provides enterprises and high-net-worth individuals with one-stop compliance advisory services rooted in Hong Kong. We specialise in financial regulation and cross-border structuring, putting compliance first and risk control at the core, serving as a trusted long-term professional partner.
At the incorporation stage, we provide Hong Kong and major offshore jurisdiction company registration, together with company secretarial services, registered address, annual returns and bank account opening coordination. For ongoing operations, we offer bookkeeping, payroll and MPF, tax filing and annual audit liaison, as well as certified true copy services.
For financial services, we advise on all SFC Type 1–10 licences, extending to virtual asset trading platforms and HKEX trading rights and clearing membership. We coordinate the fit-and-proper assessments of ROs, LRs, MICs, shareholders and directors — controlling risk from the personnel entry point. Other financial licences including TCSP, Money Lender, Insurance Broker and MSO, together with cross-border regulatory identifiers such as LEI, GIIN, FATCA and CRS registrations, are also within our scope.
On the fund side, we assist with Hong Kong LPF and umbrella OFC structures, as well as offshore vehicles in Cayman SPC and BVI, serving single and multi-family offices alongside family trust and investment governance arrangements. We provide ongoing compliance advisory on a retainer or project basis, covering compliance reviews, marketing material vetting, regulatory filings and AML internal controls. We also handle Hong Kong identity visas — TTPS, QMAS, ASMTP, CIES — and cross-border structures such as Red-chip, VIE, ODI and FDI.
From incorporation to ongoing operations, we stand by our clients with loyalty and prudence, accompanying every step of their business growth.
01
Company Secretarial
COMPANY SECRETARIAL
Your first compliance partner in Hong Kong.
From day one of incorporation, we ensure your company meets the requirements of the Companies Ordinance, so you can focus on your business.
- Hong Kong and offshore company registration
- Statutory secretary · Registered address
- Annual return · Annual filing
- Director/shareholder changes · Share transfers
- Bank account opening assistance
Jurisdictions covered:
Offshore: Cayman, BVI, Seychelles, Samoa, Bermuda
East Asia: Hong Kong SAR, Macau SAR, South Korea, Japan
Southeast Asia: Singapore, Malaysia, Thailand, Vietnam
Europe: United Kingdom, France
Africa: Mauritius
Americas: Canada, United States, Brazil
Oceania: Australia
Middle East: UAE, Dubai
Offshore: Cayman, BVI, Seychelles, Samoa, Bermuda
East Asia: Hong Kong SAR, Macau SAR, South Korea, Japan
Southeast Asia: Singapore, Malaysia, Thailand, Vietnam
Europe: United Kingdom, France
Africa: Mauritius
Americas: Canada, United States, Brazil
Oceania: Australia
Middle East: UAE, Dubai
📄 Certified True Copy Services
- Identity verification: Certification of passports, ID cards and other identity documents, confirming the bearer matches the document
- Document certification: Certification of company registration certificates and bank statements as true copies of originals
📊 Bookkeeping & Payroll
- Bookkeeping under HKFRS, voucher organisation, monthly accounts preparation
- Payroll calculation and disbursement, MPF contributions, employee tax filing
- Accounts payable/receivable management, bank reconciliation
- Provision of complete accounting records for auditors
🏦 MPF Administration
- Plan enrolment: Assistance in selecting MPF trustee and plan type
- Monthly contribution calculation: Accurate calculation based on full-time / part-time / departing staff
- Timely remittance: Submission of contributions and contribution statements (by the 10th of each month)
- Staff changes: New enrolment, cessation on departure, temporary employee declaration
- Annual summary: Employer MPF contribution summary for audit and tax filing
- Non-compliance alerts: Reminder of overdue penalties (up to HK$50,000 daily or 6 months' imprisonment)
🧾 Tax Filing & Annual Audit Assistance
Tax Filing
- Profits Tax: Timely submission of Profits Tax Returns (BIR51 corporations / BIR52 partnerships / BIR54 non-residents) per IRD requirements
- Employer's Return: Submission of employer's returns (IR56B / IR56E / IR56F / IR56G) per IRD regulations
- Salaries Tax: Filing of salaries, allowances and benefits for directors and employees
- Deferral & Objection: Assistance with filing extensions or objections to assessments
- Tax Planning: Lawful tax-saving strategies to optimise overall tax burden
Annual Audit Assistance
- Audit liaison: Preparation of audit documentation (bank statements, contracts, invoices, etc.)
- Audit arrangement: Referral to or liaison with licensed practising accountants
- Accounts preparation: Bookkeeping under HKFRS to meet auditor requirements
- Audit timeline coordination: Ensuring audit reports are issued before the Profits Tax return deadline and filed together
- Special situations: Overdue audits, dormant company audit arrangements, etc.
* ZhongChen Group is a TCSP-licensed advisory firm (TC010773) and is NOT a Hong Kong licensed financial institution, accounting firm or law firm. Audited and regulated activities are carried out by licensed partners.
02
Financial Licensing & Qualifications
FINANCIAL LICENSING & QUALIFICATIONS
Licensing is a systematic project, not merely form-filling.
Covering corporate structuring, fit-and-proper shareholder/director identification, RO appointment matching your business model, office premises, financial resources, business plan, compliance manual, application documents, training and signing — end-to-end support to shorten approval cycles and reduce resubmission risk.
SFC Regulated Activity Classes (Type 1–10)
| Type 1 | Dealing in Securities | Brokerage, proprietary trading, placing and underwriting |
| Type 2 | Dealing in Futures Contracts | Futures brokerage, proprietary futures trading |
| Type 3 | Leveraged Foreign Exchange Trading | Leveraged FX trading |
| Type 4 | Advising on Securities | Securities investment advice, research and analysis |
| Type 5 | Advising on Futures Contracts | Futures investment advice, research and analysis |
| Type 6 | Advising on Corporate Finance | IPO sponsorship, M&A advisory, corporate finance consulting |
| Type 7 | Providing Automated Trading Services | Electronic trading platforms, ATS operation |
| Type 8 | Providing Securities Margin Financing | Margin financing, stock pledge loans |
| Type 9 | Asset Management | Fund management, discretionary account management |
| Type 10 | Providing Credit Rating Services | Credit rating agency services |
₿ Virtual Asset (VA) Qualifications
| VATP VA Trading Platform | Requires SFC Type 1 (Securities) and Type 7 (ATS) or Type 9 (Asset Management) licences, plus SFC authorisation to operate a VA trading platform |
| VA Custody | VA wallet custody compliance framework setup and application |
| VA Fund Management | Digital asset hedge fund / private fund (Type 9) establishment and compliance |
🏛 Trading Rights & Clearing Membership
- Trading eligibility assessment
- Application document preparation and submission
- Cooperation with exchange due diligence
- Trading and clearing system connection support
👤 Licensed Personnel & Shareholder/Director Admission (RO · LR · MIC · Fit & Proper)
RO Responsible Officer
RO application and career mapping for each regulated activity
RO application and career mapping for each regulated activity
LR Licensed Representative
Licensed Representative registration, licensing exams and ongoing training
Licensed Representative registration, licensing exams and ongoing training
MIC Management-in-Charge
Appointment of managers-in-charge for core functions (investment, operations, compliance, AML) and SFC notification
Appointment of managers-in-charge for core functions (investment, operations, compliance, AML) and SFC notification
Shareholders & Directors
Fit & Proper assessment, profile preparation, SFC prudential review response
Fit & Proper assessment, profile preparation, SFC prudential review response
- Eligibility assessment (education, experience, exam waivers, criminal and bankruptcy checks)
- Application document preparation · Competence statement drafting
- Full client-side liaison with the SFC and Companies Registry, tracking approval progress and supplement requests
- Post-onboarding ongoing compliance training and annual review
📋 Other Financial Licences
| TCSP Licence | Companies Registry | Trust services, company secretarial, nominee services, registered address |
| Money Lender Licence | Licensing Court (Police regulation) | Private lending, finance companies, corporate loans |
| Insurance Broker Licence | Insurance Authority (IA) | Insurance product distribution |
| MSO Licence | Customs & Excise Department | Money exchange, remittance services |
Internal Controls Documentation: Compliance manuals, operating procedures, risk management frameworks, AML/CFT policies and internal control systems.
🌐 Cross-border Regulatory Identifiers & Account Registration
| LEI | Legal Entity Identifier | Mandatory identifier for cross-border securities and derivatives transaction reporting |
| GIIN | Global Intermediary Identification Number | IRS-assigned intermediary identifier under FATCA |
| FATCA | US Foreign Account Tax Compliance Act registration | Financial institution registration on IRS FATCA portal, obtaining GIIN and compliance filing |
| AEOI / CRS | Automatic Exchange of Information (CRS) account registration | IRD CRS financial institution registration, annual tax resident account reporting |
* ZhongChen Group is NOT an SFC licensed corporation; we provide compliance advisory services only.
03
Onshore & Offshore Fund Establishment
FUND ESTABLISHMENT
From zero to one, set up a fund ready for fundraising.
Working alongside custodians, fund administrators, auditors and legal counsel, we help hedge funds, private equity and family funds launch quickly.
🏙 Hong Kong Fund Structures
Limited Partnership Fund (LPF)
Launched in 2020, designed for private equity and venture capital funds. Structured as a limited partnership: the General Partner (GP) bears unlimited liability, while Limited Partners (LPs) are liable up to their capital contribution.
For: PE / VC / M&A funds / Real estate funds
Advantages: Capital commitment model, no minimum capital requirement, exemption from business registration fees, offshore tax exemption eligible
Advantages: Capital commitment model, no minimum capital requirement, exemption from business registration fees, offshore tax exemption eligible
Open-ended Fund Company (OFC)
Launched in 2018, a corporate-form open-ended fund. Supports umbrella structures where sub-funds have segregated assets and liabilities, suitable for hedge funds and public funds.
For: Hedge funds / Public funds / Private securities funds / Single family offices
Advantages: Daily subscription/redemption, multi-strategy umbrella structure, tax exemption, SPC-equivalent segregation
Advantages: Daily subscription/redemption, multi-strategy umbrella structure, tax exemption, SPC-equivalent segregation
📐 Umbrella OFC Structure Diagram
A single OFC can house multiple sub-funds, each independently valued, redeemed and ring-fenced — one SFC authorisation, multiple parallel strategies, ideal for hedge funds and multi-strategy family allocations.
| Dimension | LPF | OFC |
|---|---|---|
| Legal form | Limited partnership | Company limited by shares |
| Dealing mechanism | Closed-ended (Capital Call) | Open-ended (daily dealing) |
| Typical strategies | PE / VC / M&A | Hedge funds / Long-short / Quant |
| Segregation | Single fund | Umbrella · Multiple sub-funds |
| Regulator | Companies Registry | SFC |
Unit Trust: Traditional trust-structured fund, assets held by a trustee, suitable for charitable funds and tax-exempt structures.
🌍 Offshore Fund Structures
| Cayman Islands | Exempted Limited Partnership (ELP), Segregated Portfolio Company (SPC), Limited Liability Company (LLC) |
| BVI | BVI funds, Approved Funds, BVI Approved Fund Managers |
📐 Typical Cayman SPC + SP Structure
One SPC can house multiple Segregated Portfolios, each with ring-fenced assets and liabilities — one licence, multiple strategies, risk isolation, ideal for institutions running hedge, private equity and digital asset strategies in parallel.
👨👩👧👦 Family Office & Wealth Succession
- Single Family Office (SFO): Registration, SFC Type 9 exemption application, Hong Kong tax resident status planning
- Multi-Family Office (MFO): Multi-family shared platform setup, SFC Type 9 licensed operating structure design
- Family Trust & Wealth Succession: Trust establishment, Protector arrangement, beneficiary and succession planning
- Investment Governance Framework: Investment Policy Statement (IPS), risk management systems, compliance manuals and internal controls
Establishment Process: Needs analysis & strategy positioning → Structure design & vehicle selection → Legal documentation (Offering Documents, IMA, Custody Agreement) → Regulatory registration & approval → Ongoing compliance
04
Ongoing Compliance Advisory
ONGOING COMPLIANCE
Compliance does not end on opening day.
In an increasingly stringent regulatory environment, we provide ongoing compliance support on a retainer or project basis, covering risk, compliance, operations and management.
💬 Compliance Advisory & Liaison
Tailored compliance consulting, operational Q&A, and client-side liaison with regulators on the latest regulatory developments.
🔍 Compliance Review & Assessment
Review of compliance policies and operating procedures to ensure they meet the latest requirements; assessment of licensed personnel qualifications and preparation of licence application documents.
📋 Materials Review & Notifications
Review of corporate websites and marketing materials; assistance with notifying regulators of significant corporate matters.
📚 Customised Documentation & Opinions
Tailored compliance documentation; professional opinions on international tax compliance matters including CRS, FATCA and AEOI.
📋 SFC Notifications — Periodic Review (including but not limited to)
Periodic Filings
· Financial return
· Large open position returns
· Licensed personnel roster updates
· Financial return
· Large open position returns
· Licensed personnel roster updates
Change Notifications
· Director / RO changes
· Shareholding structure changes
· Business address / company name changes
· Director / RO changes
· Shareholding structure changes
· Business address / company name changes
Special Matters
· Large transaction reporting
· Suspicious Transaction Reports (STR)
· Other matters requiring SFC notification
· Large transaction reporting
· Suspicious Transaction Reports (STR)
· Other matters requiring SFC notification
05
Hong Kong Identity & Visas
HK IDENTITY & VISAS
Identity pathways tailored to you, not a one-size-fits-all template.
Bespoke planning based on your personal and family background, with end-to-end support for visa renewal, dependants and permanent residency.
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Top Talent Pass Scheme (TTPS)
- Top-tier: annual income ≥ HK$2.5 million
- Tier 1: Bachelor's degree from a top-100 university + ≥ 3 years' experience in the past 5 years
- Tier 2: Bachelor's degree from a top-100 university + < 3 years' experience (annual quota)
- Admission Scheme for Mainland Talents and Professionals (ASMTP) — Work visa (professional)
- Quality Migrant Admission Scheme (QMAS) — General points-based / Achievement-based; no job offer required, the most flexible
- New Capital Investment Entrant Scheme (CIES) — Investment migration
- Technology Talent Admission Scheme (TechTAS)
- Hong Kong Tax Resident Certificate
- Visa renewal · Dependant visas · Permanent residency arrangement
06
Cross-border Structuring
CROSS-BORDER STRUCTURING
Red-chip, VIE, ODI, FDI — every step compliant.
Full-process structuring and foreign exchange registration for outbound expansion by mainland enterprises and inbound foreign capital.
- Red-chip · VIE structure setup and compliance filing
- ODI outbound investment foreign exchange filing
- FDI foreign direct investment foreign exchange registration
- SAFE Circular 37 (round-trip investment) registration
- SAFE Circular 7 (overseas listing equity incentives) registration
- Notarisation assistance for cross-border structures
- Post-establishment maintenance and restructuring
07
Extended Advisory Services
EXTENDED ADVISORY
Industry Services
End-to-end management of equity transactions and professional due diligence for securities, futures, asset management and insurance brokerage firms
End-to-end management of equity transactions and professional due diligence for securities, futures, asset management and insurance brokerage firms
Corporate Consulting
Hong Kong-related corporate consulting and advisory services
Hong Kong-related corporate consulting and advisory services
Cross-border Coordination
Hong Kong bank account opening coordination, cross-border tax resident status planning
Hong Kong bank account opening coordination, cross-border tax resident status planning
Fintech Liaison
TRS systems, trading terminals, risk control and clearing system vendor referrals and integration support
TRS systems, trading terminals, risk control and clearing system vendor referrals and integration support
Enterprise Email Hosting
Registration, deployment and ongoing administration of corporate domain email accounts, including anti-spam policies, data security and backup arrangements
Registration, deployment and ongoing administration of corporate domain email accounts, including anti-spam policies, data security and backup arrangements
Corporate Website Development
Corporate website design, development and post-launch maintenance, including domain registration, SSL certificate configuration and multi-language support
Corporate website design, development and post-launch maintenance, including domain registration, SSL certificate configuration and multi-language support
Every business journey begins with a candid conversation
Ready to design your bespoke solution? Let's start with a clear needs assessment.
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