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Hong Kong Incorporation

Discussion in 'Offshore Company & Bank Account Guides' started by Admin, Jun 5, 2016.

  1. maiden

    maiden Member

    I'm not live near them. But I have some clients that currently make their business in Hongkong and they tell me so.
     
  2. burden

    burden New Member

    I will begin my Hong Kong company formation in a few months while I will travel there. So I will try to open an account with a few banks there and one of them of course HSBC bank.
     
    londonfalls likes this.
  3. londonfalls

    londonfalls New Member

    But you don't need to travel to Hong Kong for the company formation or do you?
     
  4. GoGoldPro

    GoGoldPro Member

    Lol how you can say it, I just think it :D
     
  5. GoGoldPro

    GoGoldPro Member

    An Hong Kong incorporation is what I would consider if I'm looking at doing business in China, It would for sure make it more legit also if you want to get Hong Kong domain name and hosting a company incorporated in China / Hong Kong will be required.
     
  6. fxmaster

    fxmaster Member

    Incorporating a business in Hong Kong can have many benefits but also a downside of the medal. For me it is important that the company looks legit that's why I'm 90% certain that I will incorporate in Cyprus but 10% says Hong Kong because an company in HK looks as legit as Cyprus!
     
  7. webdriller

    webdriller Corporate Services Mentor Group Sponsor Business Angel

    I used to own a Hong Kong company but for about 1 year I left it and don't renew because it was not worth it for my business. I'm doing good with my Cyprus and other offshore companies.
     
  8. newtooffshore

    newtooffshore VIP Offshore Investor Mentor Group Sponsor

    For 9 month I have my Hong Kong company now. I must say everything is working just smooth with all of it. I don't know why people have problems using their company there but I believe it's because they don't have the money to pay for the costs to maintain the company which I agree is costly.
     
  9. busdriver

    busdriver Member Entrepreneur

    I think it's because getting tax exemption for offshore income is a pain in the ass (I hear from many sides). Set-up agents don't say anything about that (if you don't ask) and on paper it seems to be easy to pay no tax on offshore income.
     
    redeye and Admin like this.
  10. Admin

    Admin Forum Moderator The Forum Cleaner

    I believe it is still an option for people doing business in HK and china generally speaking. You just need to be aware of the high maintainance costs to operate a company in Hong Kong!
     
    pesto likes this.
  11. Admin

    Admin Forum Moderator The Forum Cleaner

    That's properly the reason, agree!
     
    redeye likes this.
  12. redeye

    redeye Corporate Services Mentor Group Sponsor

    Search the forum anyone that is considering a HK company!! there is lots of valuable information posted here!
     
  13. predator

    predator Mentor Group Mentor Group Sponsor

    I read some thread on this forum that Hong Kong isn't good for registering offshore company! Do you guys still think Hong Kong company is somethign that works good?
     
  14. pesto

    pesto Offshore Agent Business Angel

  15. busdriver

    busdriver Member Entrepreneur

    It's not fake - I'd rather say, it's more for honest business now.
    Before it was easy and cheap (beside travel expenses maybe).
    It can be a trap if you hope that you can set up a company with bank account there for fishy business, I'd say, because chances are it's not working out as one might hope from past experiences.
    Simply don't expect it being easy to open a bank account in HK.
    If you are looking for an easy offshore solution, that's probably not HK (anymore).
    Maybe opening a bank account elsewhere for a HK company might be easy, but I so little use for that.
     
  16. CoinMaster

    CoinMaster Member Entrepreneur

    When reading about Hong Kong companies to be a Trap by some forum user! I wonder is there a reliable agent in Hong Kong where we can register a company and open an account?
     
  17. busdriver

    busdriver Member Entrepreneur

    Register a company - no prob at all.
    Opening a bank account - most agent lost their contacts to banks because most worked with HSBC but HSBC changed their ideas of which kind of customers they want.
    Some agents might have contacts to other banks - but I am not sure.
    Also keep in mind in order to maintain the company you also need to do auditing. That can be a lot of work or cost a lot of money.
    I am using a service that takes care of the accounting and auditing at a flat fee (payable tax can be low ;) still in HK). PM if interested. They might also have a way to get you a bank account. But all this is not as cheap as it used to be in HK.
     
  18. utibi

    utibi Member

    What you think you can use a Hong Kong corp for? Any opinion?
     
  19. utibi

    utibi Member

    Where do you have your Company today ? what do you think about St. Kitts ?
     
  20. busdriver

    busdriver Member Entrepreneur

    why St. Kitts? what is special about it, compared to more common Seychelles or Belize? (Just curious)