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Payments, Foreign Exchange & Settlement in Hong Kong
Moving money between markets: payments, currency and settlement. In Hong Kong, that means local law, local regulators and local practice, handled by a qualified professional who practises there.
WONE Global can find the right Payments, Foreign Exchange & Settlement professional in Hong Kong for you.
No WONE Global Partner holds this yet. Send us your requirement: WONE Global confirms whether a vetted Associate firm can act, tells you who it is and checks for conflicts before any work begins.
Payments, Foreign Exchange & Settlement, the essentials
From the Hong Kong market guide: the points that matter most for payments, foreign exchange & settlement, each with the source it was checked against.
Essentials guide · Source-checked research88% of statements checked against a source43 checked against an official source0 checked against a secondary sourceChecked 2026-10-196 held back until checked against an official source1 topic includes AI-written statements, not source-checkedNot yet professionally reviewed
Hong Kong has no sales tax or VAT and no withholding tax on dividends and interest.
Royalties paid to non-residents are treated differently (see hk-tax-004).Invest Hong Kong (InvestHK), HKSAR Government · checked 2026-10-19
Under the Linked Exchange Rate System, operating since 17 October 1983, the Hong Kong dollar is kept within a band of HK$7.75 to 7.85 to one US dollar.
Currency board arrangement operated by the Hong Kong Monetary Authority.Hong Kong Monetary Authority (HKMA) · checked 2026-10-19
Hong Kong does not impose foreign exchange controls.
Applies to the Hong Kong dollar; sanctions and AML rules still affect individual transfers.Hong Kong Monetary Authority (HKMA) · checked 2026-10-19
04Put workable cross-border payment arrangements in place
Key questions
What we will work through with you
What needs to be decided before payments, foreign exchange & settlement work starts?
Who is professionally responsible in each country?
Which other work, such as tax or employment, must happen at the same time?
What information and decisions are needed from the business?
If your work involves another country or another area of expertise, WONE Global brings in the right professional and keeps all advisers informed.
WONE Global Partners in Hong Kong
Professionals working here
No named lead for Payments, Foreign Exchange & Settlement yet — these WONE Global professionals already work in Hong Kong and can bring the right local colleague in.
Danny Luk is a Senior Equity Partner at HORIZONS CORPORATE ADVISORY HOLDING LTD, overseeing the firm’s activities in Hong Kong, Macau and Singapore. His longstanding career as Hong Kong Certified Public Accountant allow…
Ms. Chow, our director, graduated from Smith College (US), and obtained her master's degree in Religion from Yale University. She is an associate member of Hong Kong Institute of Certified Public Accountants and Institu…
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Answers draw on this page, WONE Global's checked records and live research. Research, not advice.