What is “new economy”?
According to the Organisation for Economic Co-operation and Development, the term “New Economy” describes aspects or sectors of an economy that are producing or intensely using innovative or new technologies. This concept applies particularly to industries where people depend increasingly on computers, telecommunications and the Internet to produce, sell and distribute goods and services, the trend of which is mostly led by high-tech and Internet start-up companies.
What should I consider when setting up a new economy business?
Before setting up a new economy business, various aspects should be considered, such as:-
- Regulatory compliance (concerning prescribed licences and permission, use of personal data, anti-money laundering, etc.)
- Shareholding and business structure
- Finance for maintaining sustainable development of the new business
- Protection and avoidance of violation of intellectual property rights
How we can help?
Sun Lawyers LLP is devoted to assisting business of all sizes, including start-up companies, and provides the following services:-
- Conducting due diligence checks
- Preparing feasibility reports in relation to the proposed new business(es)
- Advising on regulatory compliance
- Drafting and advising on shareholders/investment financing agreements
- Advising on employee incentive arrangements
Unit 02, 21st Floor, Tower II, Admiralty Centre, No.18 Harcourt Road, Hong Kong
Tel: 2521 6333
Fax: 2524 2724
Email: enquiry@hksunlawyers.com
Website: https://www.hksunlawyers.com
