ABSCPA - Hong Kong Company Incorporation, Offshore Company Formation

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Hong Kong Company Incorporation / Offshore Company Formation by professional accountant.
Charity Linking
Beijing
(
8610
)
6563 7980
E-mail :
Info@AsiaBS.com
Fax :
(
852
)
8102 2593
Hong Kong
(
852
)
8102 2592
Guangzhou
(
8620
)
6113 8419
Shanghai
(
8621
)
5836 2605
ABS & Co.
Certified Public Accountants
 
 

Acting as finance centre for international trading group

Background
  1. European company (E Ltd) is buying from China and selling to Europe;
  2. A China company (C Ltd) is setup for the sourcing function;
  3. Frequent payment to China suppliers are required;
  4. Money transfer from E Ltd to supplier takes time and complicate in procedure;
  5. Money transferred into China (to C Ltd) is difficult to remit out of China again, and is subject to usage restriction.
The arrangement
  1. A HK company (H Ltd) is setup with HK bank account (such as HSBC);
  2. Role of H Ltd is to handle money matters for group companies – receive money and transfer money;
  3. HK bank account can be operated by internet banking;
  4. H Ltd has no income.
Benefit
  1. Money control is centralized and earns higher opportunity gain (such as interest rate, exchange rate etc.);
  2. Money flow into and out of HK enjoys high level of freedom (no supporting document required to convince reason of money movement);
  3. Money to China can be done when required and can be done swiftly;
  4. No profits tax effect to H Ltd as there is no income.
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