Turner Little - Company Formation Agents
OffshoreSeychelles
UK Ltd with emi bank account

HK Company for International Trade and China Gateway

Set up your Offshore Company in Seychelles
Just: Passport & Identity card, Consumption bill (unauthenticated)
We accept: Paypal | Credit card | Bitcoin
If you are looking for professional assistance and information about everything that people do not write about.

privacymatter

New member
Greetings to all.

I read this forum since 1.0 but stopped when CRS stuff spread the world
Great content here by the way!!

Now I am launching innovative products to the retail, and sometimes using crowdfunding platforms (kickstarter or indiegogo)
They are based in US, so I decided to do not open in US LLC, because the money will come from US. Problem right?

Neither UK because the corporation taxes are too high 19% (if I remember well)

I decided to open in HK then, another benefit that I am looking for is use HK as gateway for Asian Markets, IDK if it really works or is just propaganda, but I wish to have a Warehouse in HK where I can receive the cargo, and send to the customers directly. Saving time and money, but I actually dont know if it works like this.

The information that I find at websites doesnt look good, too much promises and blablabla. Also very expensive to open like 1500 euros starter pack.
Also in the forum seems that is impossible to use search engine for small words as "HK" COMPANY; So it search all "comapany" words. @Admin

Someone has experience or informations about HK company? Would be very interesting conversation
 

privacymatter

New member
*A reminder is that I am not searching for tax evasion, my business are totally legit, public privacy is very nice but not requisite. I only need a "cheap" way to make the business in HK or other similar offshore, and real informations, maybe I have to consult a professional, if someone has recomendation, I promise that I come here and send the informations to all
 

MiddleEuroAsia

opportunist.
Mentor Group Gold
*A reminder is that I am not searching for tax evasion, my business are totally legit, public privacy is very nice but not requisite. I only need a "cheap" way to make the business in HK or other similar offshore, and real informations, maybe I have to consult a professional, if someone has recomendation, I promise that I come here and send the informations to all
If 1500 is expensive for you, then don't look offshore.

Offshore and cheap don't go hand in hand.
 

privacymatter

New member
Well, if you compare with other places it is.
I am not saying I dont have that money, but I want to be sure it fit my needs.

The purpose of the topic is not about the price, if you read it well
 

dragodrago

New member
I wish to have a Warehouse in HK where I can receive the cargo, and send to the customers directly
Warehouse rent and business costs in HK are sky high which may far outweigh any benefits you get in terms of tax and shipping cost.

I only need a "cheap" way to make the business in HK or other similar offshore
HK is not cheap, mandatory audits and agents, difficult banking, etc. It will also not be “offshore” if you have a warehouse or office in HK.
 

privacymatter

New member
Warehouse rent and business costs in HK are sky high which may far outweigh any benefits you get in terms of tax and shipping cost.


HK is not cheap, mandatory audits and agents, difficult banking, etc. It will also not be “offshore” if you have a warehouse or office in HK.

I got it. With company in HK is it possible to own warehouse in China then?
 

dragodrago

New member
I got it. With company in HK is it possible to own warehouse in China then?
No, this is not possible as HK and China are two separate jurisdictions. In fact HK companies doing business in China are considered foreign investments and is subject to capital control.

To have any operations in China, the HK entity will need to setup a “Wholly Foreign-Owned Enterprise” in the mainland. It has paid up capital requirement in the millions and have strict business sector restrictions. Not recommended.
 

freeequity

New member
Setting up a business in China Mainland is not as hard as you say it is. It is quick, it is cheap, and it is absolutely necessary if you plan on doing business here.

Overall, Business, Ownership and Capital Restrictions are much lower, year on year. And partially set up is quite state incentivised, it is almost ridiculous. They might even pay you for setting up a company, taking no equity share, just to hit their KPI targets.

Business happens freely, don't worry. Ownership via Hong Kong for Asset protection however is still recommended of course.
 
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