I am a freelance worker currently away from Hong Kong, and I intend to cancel my MPF account to get the money back asap.
But at the same time, I am considering setting up a sole proprietorship in Hong Kong to make my business look more professional.
I researched this topic and found that by doing so, I am more likely to be scrutinized by the government as I have to set up a tax and MPF account.
If that's the case, will that MPF account merge with the existing one (with financial contributions from my previous job)? Or it will be independent?
If I am really bent on taking the money from the old MPF account (which requires taking a vow to state that I would leave HK permanently, or something like that), should I set up this sole proprietorship that might contradict my behavior ( Well I won't live in Hong Kong but I'd keep doing jobs that come from Hong Kong)
Any help would be deeply appreciated since I can't find any related info on the web.