I know nothing about HK laws regarding this, but I expect that all they have to do is open a trading account or sub account for your trading where ever they do business and make you an authorized trader. You will need a contract with them that is legally binding in HK and a process for you to be paid.
legally binding contract in pocket, you still need to plan quite a bit of money to handle the HK lawyers than bailiffs if you don't get paid. Those don't come cheap ime.
The risk could be reduced depending on contract specifics such as getting paid more frequently based on performance early on. A lot of firms are willing to work with a profitable trader with track record on such terms.
I also have a guy in a foreign country wanting to give me money. I've got this relative in Africa that has a shit ton of gold bars........
@dadainnyc If you are regulated and registered, the PB / Clearer can take the incentive fee and management fee out of the account and pay you directly, as per your agreement with the client.
i did everything myself. i worked for a major hft from 2006 to 2010 and then started to trade myself. thanks for ur advice
yeah, that's what the guy told me that on registration needed only if you manage more than 5 clients. is there any company that handles all procedure, like documents & law stuff? Thanks!
Foreign IBs yes. But not Bank of China, ICBC, Agricultural Bank of China, Hangseng Bank, the Singaporean banks in HK, nor other Asian banks except Nomura to my knowledge