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Offshore Company Formation and Management Services
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Hong Kong Incorporation

maiden

New member
You lived near them? Okay so you have seen this offshore company provider's office and staff and all this? Just wondering if they are real?
I'm not live near them. But I have some clients that currently make their business in Hongkong and they tell me so.
 

burden

Mentor Group Gold
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.
 

GoGoldPro

New 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.
 

fxmaster

New 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!
 

webdriller

Corporate Services
Silver Member
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.
 

newtooffshore

VIP Offshore Investor
Silver Member
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.
 

busdriver

Active Member
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.
 

Admin

Forum Moderator
Staff member
So HK is not good any longer for offshore company formation is that what I have to understand from your comment @auric or did I miss something here?
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!
 

Admin

Forum Moderator
Staff member
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.
That's properly the reason, agree!
 

redeye

Corporate Services
Mentor Group Gold
Search the forum anyone that is considering a HK company!! there is lots of valuable information posted here!
 

predator

New member
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?
 

busdriver

Active Member
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.
 

CoinMaster

Active Member
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?
 

busdriver

Active Member
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.
 

utibi

New member
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.
Where do you have your Company today ? what do you think about St. Kitts ?
 

busdriver

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