Recent content by Vaios01

Hi All, I am looking to setup an online Business Account for a company registered in Brazil that provides a USD account. I am a longtime user of Wise but despite claiming they operate in Brazil they are not opening any accounts at the moment. I have checked with a dozen other companies and...

Happy new year to everyone. Regarding the public registry, yes we have a nominee in place for this. As for taxes, no issue with paying full taxes in my home country on income received. The issue is protecting entity names. Seems more complicated that I had imagined.

@Sols and @moneyhoney- You make a good point which I hastily forgot to think about. Right now every time we have an issue we simply show our annual reports, agreements etc and all is ok. With such a setup as I proposed we would definitely face issues with large sums since we wouldn’t be able to...

Yes all our income is outside of Hong Kong and easily proven. Accounting audit is definatley necessary the question really is we have no physical bank account in Hong Kong as we would only be using EMIs. If the EMIs are not disclosing it then the company can appear dormant for accounting...

Hi All, I am thinking of setting up a Hong Kong company due to its beneficial corp tax rates for offshore income (0%) and the fact its a proper jurisdiction that client are comfortable with. Banking options would be Airwallex, Currenxie to start and possibly CIM Banque going forward too...

Didnt know about Statrys thanks. Heard bad things about NEAT previously - closing accounts randomly and unable to get funds out. Not sure if that is still a concern.

Hi, Prior to COVID it was near impossible to open a bank account in Hong Kong. Are things the same now or have they become more flexible seeing as they had such an outflow of capital. Do they allow virtual setups now? easier process than before? If not, what recommendations do you have for...

Ok noted that is what I thought. Not doing business in Singapore solely refers to a physical onshore presence correct? For example, would receiving funds from a client based in Singapore via their Singapore bank account for services we render while we are in Hong Kong complicate matters and...

Have another quick question regarding this. Apparently, a viable alternative option is opening a bank account in Singapore with a HK incorporated company. I am getting some conflicting information regarding the setup howver so would appreciate some clarity from anyone familiar with this...

Speedster - Thanks By the way, is it possible to add a nominee shareholder and director at a later date post company registration and bank account opening? Placing them before the bank account opening will definitely impact the KYC and bank account opening process. Thanks

thanks very much. Its a bit surprising everyone is relying on EMI's. Maybe I am being overly risk averse but holding 100,000usd+ on an EMI doesnt feel as safe as in a real bank.

I was thinking things would be much easier during COVID - up until the face to face verification meeting that is. Afterall they are losing tons of business I would think they would be keen on someone actually doing well during it and depositing funds at a time like this. Also was in HK last...

Hello, Can someone please recommend a good company for incorporating a business in Hong Kong. I will specifically require a Hong Kong bank account introduction and assistance as well. I know there are many posts about how difficult it is to get one but I am hoping things have changed a bit...

thanks. Heard disaster stories with Euro Pacific Bank so best to stay clear

"AND if you are not to stupid to setup a real looking business." Could you please elaborate on this? Why would a real looking business be stupid, surely something that was fake looking is worse??