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In Hong Kong, anyone operating a business that provides trust or company services (e.g., company formation, acting as a company secretary, providing a registered office, or acting as a trustee) must obtain a Trust or Company Service Provider (TCSP) License under the TCSP Registry.
Fit and Proper Test: All ultimate owners, partners, and directors must pass a fit and proper assessment conducted by the Companies Registry to ensure no criminal history or insolvency.