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DOOPRIME: Doo Wealth Adds A Newly Registered Hong Kong Trust Company
Source: | Author:finance-102 | Date2023-01-30 | 144 Views | Share:
Doo Group’s subsidiary company, namely, Doo Consulting Limited (“the Trust Company”) and a member of Doo Wealth, embarks on a momentous milestone by receiving authorization from the Hong Kong Companies Registry (“CR”) to be registered as a trust ...

Doo Group’s subsidiary company, namely, Doo Consulting Limited (“the Trust Company”) and a member of Doo Wealth, embarks on a momentous milestone by receiving authorization from the Hong Kong Companies Registry (“CR”) to be registered as a trust company pursuant to the Trustee Ordinance (Cap. 29 Laws of Hong Kong). CR is a government department that comes under the Government of Hong Kong’s Financial Services and the Treasury Bureau.   

In addition to becoming a registered Hong Kong trust company, the Trust Company currently holds a license to provide trust or company service business in Hong Kong (“TCSP license”). The CR is responsible for the administration of the licensing regime for TCSPs.