Hong Kong’s Professional Corporate Services Provider

 The main advantage of incorporating your business or company formation is it separates and protects your personal assets, which eliminates the risk for your company to go into debt or have lawsuits.  But more than that, there are a lot of pros that can help your business to grow further when you start to incorporate them :  Tax Benefits. Personal income tax is applied to your LLC instead of corporate income.  Flexible-Profit Sharing Plan. Easier to set up a profit distribution between business owners and easily control who gets the profits and when.  Minimal Annual Paperwork. LLCs don’t have to follow specific regulations besides paying taxes and state law compliances.  Business Credibility. More recognized as a formal business structure than Sole Proprietorship letting customers and other professionals have a better impression of your business.  Incorporating your business in the early stage will play a significant role in its growth and success in ...

 Company Formation or Incorporation would be the service you need when establishing your offshore company.  Hong Kong has various company formation service providers that can assist you in incorporating your business but choosing an agent / consultant you want to hire can vary depending on your preferences and needs.  It is best to consider the following to help you find a bona fide service provider :  Find a service provider who has been in the industry for several years. It is another way to see the company’s credibility in its line of work.  Check reviews online. Hear what their existing clients say about their work and how they handle certain situations.  Compare and contrast. Service providers have a different approach for the type of assistance you need and their pricing system.  After-sales. Find a service company that checks on you even after closing the deal. It’s a great benefit to have a partner that can maintain everything outside your busi...

 The British Virgin Islands (BVI) is a self-governing territory with approximately 60 islands in the Caribbean that attracts multinational businesses due to its thriving economy and is regarded as one of the world's top financial jurisdictions. The region's strong points, on which international companies can capitalize, are as follows: Simple and hassle-free company formation Flexible organizational structure Non-compulsory accounting and auditing US dollar acts as the legal currency in the region and can secure a corporate bank account. It does not collect income, corporate, capital gains, or wealth taxes. Hong Kong, like the BVI, has an elite and stable business foundation that attracts international entrepreneurs and investors, making it one of Asia's most popular business hubs. Hong Kong provides businesses with: A Strategic Location — This is the most appealing factor for entrepreneurs looking to establish a business in the region. It provides them with convenient acce...

 Incorporation is a legal process that formally organizes and brings your business into existence. It assists you in separating and protecting your personal assets, reducing the risk of your company going into debt or being sued. However, there are a number of advantages that can help your business grow when you begin to start an offshore company : Protects your brand from being used inappropriately or without your permission. Credibility and reputation in business. It establishes your company as more formal, giving customers and other professionals a better impression of your company. Deductions for taxes. Incorporated businesses benefit from tax breaks available to specific business structures such as LLCs. When you turn your hobby or passion into a prohttps://asiabc.co/services/company-registration/hk-with-fintech-account/fitable business, it will inevitably grow, and incorporating it is the best way to protect it. Prepare for your company's growth and easily incorporate it here...

 An offshore company is simply a business registered outside its jurisdiction.  Establishing an offshore company can offer different advantages such as :  1. Simplifying your operations.  2. Reducing the tax burden on your business.  3. Easily protect your assets and transactions with other countries.  4. Get a broader exposure in another place, making intellectual property-owning, copyrights, trademarks, and patents much easier.  5. A bigger chance of gaining more clients.  Hong Kong is one of entrepreneurs' go-to places when setting up their offshore companies for its attractive features :  1. Great access to do business in Mainland China, neighboring regions, and other countries.  2. Competitive and low-tax rates at 8.25% for Profits Tax.  3. Cost-efficient shipping, logistics, and freight forwarding with free trade, free enterprise, and free-market regulation.   4. Skilled, versatile, & well-educated workforce tha...

Hong Kong serves as a trading gateway to China and an international trade highway. To put it another way, "why should you do business with Hong Kong?"  Here are some of the reasons: ●  Hong Kong provides a level playing field for all businesses, with no restrictions on foreign ownership. ●  There is no tax on offshore income, capital gains, dividends, estates, or sales under the low, simple, and predictable tax regime. ●  Based on British common law, the rule of law and an independent, experienced judiciary ●  Capital, talent, and goods can all move freely. According to China's Ministry of Commerce, 58 percent of all China's outward Foreign Direct Investments (FDI) to Hong Kong in 2014 totaled US$123 billion. Furthermore, Hong Kong is China's second-largest trade partner after the United States, accounting for 8.7 percent of total trade in 2015. Hong Kong is backed by China and faces the rest of the world. As the RMB's volatility rises, Hong Kong Company and ...

 We recently received a request for information on forming a Hong Kong company. The client informs us that he discovered a Hong Kong corporate service provider (the provider) on Google search that is offering free company formation services as part of a Christmas promotional campaign. After some online chatting with this service provider, the client is still perplexed as to how some people can make such an enticing offer while our company must charge him to provide "the same" service, so he requests a comparison of those services. Based on what the client told us and what we saw on their website, we determined how they could reduce the cost of Hong Kong incorporation service to zero (our thoughts are also included.) Free Company Formation? The offer, like almost all marketing campaigns, has a quota and will not last indefinitely. You must still pay government fees, which total HK$3970 for "incorporation fee" and "business registration fee and levy." This f...

  Hong Kong banks are gradually adjusting to the new normal brought on by the epidemic and have begun to respond to their consumers’ needs online. The Hong Kong Monetary Authority’s tight laws prevent remote bank account opening (HKMA). Citibank is now the only bank that may open a remote bank account, but there are a few things to consider before choosing Citibank as your corporate bank: Citibank’s remote bank account opening service is only available to businesses with operations in  Hong Kong Company  and Singapore. There are no nationality limits for the owners and/or directors, despite the fact that it is limited to the mentioned regions. Citibank only accepts businesses that fit a specified profile. We can double-check if your company fits the bank’s criteria. Because this is a remote bank account opening , make sure you submit your application form(s) along with any relevant documentation, such as business proofs, corporate records, and client information. Their in...

  Due to the ongoing COVID-19 conflict, the region has enforced limited foreign flights, making it difficult for global entrepreneurs to conduct business abroad, notably in terms of opening bank accounts. However,  Hong Kong company  banks discovered a means to accommodate their customers, as follows: Present the Fundamentals HSBC, ICBC, Bank of China, and Citibank all ask applicants to complete an online application form and send a scanned copy of their documents with signatures attached, as well as: A Hong Kong registered physical address Certificates of incorporation Business Registration Certificate certified true copy The KYC (Know Your Client) Process Take note of the time-consuming and lengthy process that local and foreign banks go through to correctly filter applications and determine their clients’ financial sources. You must prepare the following to increase your chances of approval: A personal KYC certificate All directors, beneficial owners, and shareholders ...

  As a matter of fact, yes. Hong Kong is one of the best places to start a business. Because of Hong Kong's prestigious business foundation, both entrepreneurs and investors acknowledge the region's stability, making it one of Asia's most popular business centres and one of the best places in the world to start a business. We list down the advantages of  Company Registration Hong Kong  around the globe who wants to boost their business in Asia's World City :: Strategic Location — It is the most impressive factor for entrepreneurs to set up their business in the region. Hong Kong has a two-tier tax system, with 8.25 percent for the first HK$2 million in profits and 16.5 percent for the remaining income. There are no withholding taxes, capital gains taxes, company levies, or import taxes in the region. Quick Company Formation – For new businesses, the region offers direct and simple enrollment and joining procedures. The process of incorporation normally takes 3 to 5 days...

  Overall, Hong Kong is an excellent place to start a business due to its cheap tax system, strategic location, and simple incorporation process. However, depending on your company's demands, identifying the 'ideal area' in the region to establish your startup may be difficult. ​ As an entrepreneur, we can share a few tips: 1. Visit preferred and prospective areas. Do market research on the business that are doing great in the locality. 2. See what type of business you will compete in the district. 3. Make sure to look out for current and future competitors. Observe how the businesses around yours are doing in terms of sales, customers, etc. 4. Reevaluate your business plan and see how you can leverage your business to compete. Finding the perfect place to  Register Company in Hong Kong  will be trial and error. That is why it is always necessary to learn and continuously improve.

The decision to  register company in Hong Kong  is influenced by a variety of factors, including the type of business you intend to establish, your target market, and how the region can contribute to your company's success. If Hong Kong is still on your list, here are the top three reasons why it should be your next business location: Popular Business Hub - Provides easy access to various exchange points, particularly in Mainland China. Attractive Tax System - Corporate tax rates range from 8.25 percent to 16.5 percent, depending on assessable profits. The region does not collect capital gains tax, withholding tax, or import tax. Simple and Easy Startup - With the assistance of professional service providers, you can start your business in about two weeks and have a business bank account. ​ Learn more how you can register your company anytime, anywhere here : https://asiabc.co/services/company-registration/hk-with-fintech-account/​

  Limited Liability Company (LLC)   is already a company  that protects owners'/investors' personal assets from business risks and liabilities. There are two kinds of LLCs in Hong Kong: Small and medium-sized businesses prefer private limited by shares. Which large corporations choose is public limited by shares. Private Limited by Shares is the most common type of company structure used by entrepreneurs in Hong Kong due to the benefits it provides: Separate Legal Entity  - When the company falls into debt, its shareholders will not be liable for paying it off. Limited Liability  - Members of LLC losses will be limited to the specific shares they invested in the business and will not be held responsible for the losses beyond their shared contribution. Tax Benefits  - With Hong Kong following the territorial principles, tax rates from 8.25% to 16.5% and tax exemption for profits gained outside the region will be applied. Learning the benefits of the company ...

  You can set up your firm in Hong Kong remotely if you are a foreign entrepreneur looking to build an  offshore company  but don't have time to trip. To start your business in HK, these are the following steps : 1. Check if your preferred company name is still available and make sure no other entity uses it. 2. Complete all required incorporation documents attached with your original signature. 3. Submit incorporation documents to the Companies Registry for their approval. 4. Open a business bank account to manage your finances efficiently and smoothly. We created a detailed guideline on how you can easily set up your company in HK : https://asiabc.co/your-quick-guide-to-easy-company-setup-guaranteed-bank-account-in-hk/ ​You can also check your company name availability here : https://pricing.asiabc.co/company-registration/?_ga=2.246652231.297552144.1621321984-1406899472.1595305590 Or find out the best suited bank for your business here : https://pricing.asiabc.co/compan...

It's tough to declare which place is the 'ideal site' to start your business because several countries highlight their capabilities in enabling international entrepreneurs and their businesses to succeed in their area. Personal tastes and business demands will be vital when determining where to establish your company. We've detailed the key differences between Hong Kong Business Registration and Singapore Business Registration to help you figure out how they can help your company succeed: Hong Kong Well-known Business Hub – Provides quick access to a variety of exchange sites, especially in Mainland China. Corporate tax rates range between 8.25 percent and 16.5 percent, depending on assessable profits. Gains tax, withholding tax, and import tax are not collected. A Hong Kong company formation takes around two weeks and includes a corporate bank account. Singapore Singapore's strategic location allows them to tap into a market of 2.8 billion people. The FinTech Eco...

 Forming an offshore company has various advantages. Your company's tax burden can be reduced. You may easily protect your belongings when doing business in other nations. In a different area, your company would acquire more exposure, making intellectual property, copyrights, trademarks, and patents much easier to obtain. You'll be more likely to attract new customers. You can streamline your operations because it is located offshore. There are many other benefits of overseas  company formation  . To find out more, visit : https://asiabc.co/services/company-registration/hk-with-fintech-account/

  Company Formation or Incorporation would be the service you need when establishing your  offshore company . Hong Kong has various  company formation  service providers that can assist you in incorporating your business but choosing an agent / consultant you want to hire can vary depending on your preferences and needs. To help you discover a genuine service provider, think about the following: Look for a company that has been in business for a long time. It's another technique to assess the firm's credibility in its field. Examine internet reviews. Listen to what their current clients have to say about their work and how they handle different scenarios. Contrast and compare. Service providers handle the type of service you require and their pricing scheme differently. After-sales. Find a service firm that follows up with you after the sale is completed. Having a partner who can take care of everything outside of your business is a huge plus. We recommend opting for...

  Hong Kong is regarded as the finest destination for investors and entrepreneurs worldwide, but let us look at the many reasons why this city remains valuable and an excellent place to start a business. I. Prominent Business Spot Because Hong Kong is located in the heart of Asia, it is perhaps the most appealing feature for entrepreneurs to incorporate company there. It allows them to quickly access a variety of exchange terminals, particularly in mainland China. II. Incorporation Made Easy Another feature that distinguishes Company Registration Hong Kong among entrepreneurs is the simplicity and ease with which the enrollment and joining procedures may be completed. You can  Register Company in Hong Kong  in as little as 3 to 5 days. III. Appealing Tax Regime One of the key concerns of every offshore company is a low-tax collection mechanism, which gives Hong Kong advantage. The city has a regional tax system suited for businesses (8.25 percent or 16.5 percent depending...

  If you are a foreign entrepreneur planning to expand your business but have no time to travel, company formation in Hong Kong is can be done remotely. To start your business in HK, these are the following steps : 1. Check if your preferred company name is still available and make sure no other entity uses it. 2. Complete all required incorporation documents attached with your original signature. 3. Submit incorporation documents to the Companies Registry for their approval. 4. Open a business bank account to manage your finances efficiently and smoothly.

  Various countries, we believe, provide different benefits to entrepreneurs and their firms. The benefits of   registering your company in Hong Kong   or Singapore are stated below. HONG KONG Well-Known Business Hub - Easy access to multiple exchange points, especially in Mainland China. Attractive Tax System - Corporate tax is 16.5 percent, and gains tax, withholding tax, and import tax are not collected. Simple and Easy Startup - With a business bank account, you can start your firm in about two weeks. SINGAPORE Strategic Location - Access to 2.8 billion vital markets thanks to its strategic location. Labor Force -  With its well-developed and knowledge-based economy, Singapore's workforce is one of the most competitive in the world. Capital Markets - Home to the world's third largest foreign exchange center and significant international exchange dealers.

  Assume you're a business owner who wants to register a corporate account for   Hong Kong Company . In such scenario, keep in mind that all banks in the region are required to follow the Know-Your-Client (KYC) process when accepting applications in order to correctly filter and establish their applicant's funds, which might make the process time-consuming. We recommend looking for a service provider to assist you in applying for a bank account to make things easier for business owners. The following are some of the advantages of engaging a service provider: In Hong Kong, we have connections with top-tier banks. Pre-screens your application to determine if it fulfills the bank's requirements. It is both cost and time effective because it may be completed online.