in different countries
When in the market people use and adopt the term “Blue Ocean Strategy” they refer to a publication by W. Chan Kim and Renée Mauborgne, professors of strategy and management at INSEAD, published 2005. In the specific, with the above term, we refer to a market for a product where there is no competition or very small competition.
On 22 October 2021, the Financial Reporting Council (Amendment) Ordinance 2021 (“Amendment Ordinance 2021”) was passed with a view to further enhance the independence of the regulatory regimefor the accounting profession in Hong Kong.
Setting up a company in Hong Kong is easy and there are no restrictions on the nationality of the shareholders and directors as well as the requirement for a minimum amount of share capital (i.e. paid up capital). In other words, non-Hong Kong residents are also allowed to setup a company in Hong Kong and take the complete ownership of their Hong Kong companies.