Recent content by Farmacy

Hey, what agency do you recommend? Cheers!

Accounting through our company formation corp in Hong Kong - they charge depending on the amount of revenue. Isn't the tax rate significantly higher in the US than HK? Or are you tax exempt if you're outside of the US? We don't operate at all in the US but our payment processor is in the US...

Yeah I've spoken to a few agencies but they aren't very transparent and offer some pretty shady banks. 100% fall under the tax exempt status, when enquiring this through the company which we incorporated through, they advised us that it's not worth the hassle and rather to optimise expenses...

D Did you have to go to Hong Kong to get set up with these banks?

While my turnover is less for less than the OP, my profits are similar. I already have a Hong Kong Company and I'm currently not liable for personal income tax as I haven't lived in my home country for years now and tend to bounce around the world on tourist visas and when I do return I will pay...

Oh ok I was under the impression that all major banks in Hong Kong require personal presence for the meeting. What's a good one to try? Also has anyone successfully been granted offshore tax exemption in Hong Kong? We do literally nothing in Hong Kong, our company is just registered there. To...

Yes I do. Have had the company since June 2018. Have only been "banking" in Hong Kong with Currenxie (online "bank") since April 1 2020 though. Have roughly 50k USD coming in monthly.

Going directly to them or do you need an introduction etc? If you can point me in the right direction would be wonderful.

Do you know which HK banks in particular? Is this due to the current situation with covid and travel restrictions? Obviously the dream is to have HSBC or something opened remotely. Don't mind paying a premium.

Transferwise don't work with Hong Kong. I also do have a N.I company which I did have transferwise set up with, however due to my business model they terminated my account without warning or questions. To be honest, it's a great platform though, never had any issues up until this happened.

Does anyone have any past experience with this? Obviously travelling to Hong Kong at the moment is out of the question so I need to open something remotely. I already have a Currenxie account but no debit card and you are questioned about every incoming and outgoing payment which becomes quite...