ADVANTAGES

why should I?

SWIFT

• 7-8 day on average,
• 24-48 hours expedited (+400 USD)
• .

PROFIT-FRIENDLY

• 16,5% profit tax, which lowers to 0%, if all income from outside HK.

SIMPLE

• Fill in the form.
• Passport copy.
• Wire fees.
• Sign documents.
• Open bank account if needed.

LOW COSTS

• 1500-2000 USD to start-up.
• 1250 USD annual fee.
• 400 USD, if 'NIL' filing.

HONEST

• NOT off-shore, identified owners.
• Avoids double taxation.
• May open an official bank account.

IDEAL FOR

• Consulting.
• IT development and services.
• Network marketing.
• International business.
• Property owners.
• Webshop, Internetes sales.

Foundation: steps

1. Before foundation
   • List 3 company names, we check if they are free.
   • Fill in the order form and send it back to us.
   • Copy of passport, address ID copy, utility-, bank- or landline phone bill copy (to prove address)
   • Take a picture with the owner and her/his passport. (from 2019)
   • While we verify data, you wire transfer the fee and you are ready to operate.
2. Foundation process
   • We submit paperwork to office, they process them.
   • You receive an e-mail on completion.
   • We send you documents to sign, that you return to us.
3. On-demand bank account opening
   may need any of the documents below:
   
   • open an account in Hong Kongban, in person, 1-2 days, we help prepare
     ( HSBC Bank, OCBC Bank, both the owner and the director must speak English and ALL of THEM must be present!!!)
   • open an account in EU countries, in person
     ( CIM Banque, Switzerland, Baltikum Bank, Latvia, Raiffeisen Bank, Hungary)
   • MasterCard debit card with Transferwise or Revolut as a temporary measure or low turnover.
   • NO bank account (until you can go out to open one).
4. After foundation
   
   • Matinenance and official fees to transfer on time.
   • Preparing accounting OR submit NIL statement annually.
   • Annual corporate documents to produce and submit.

PRICES

FOUNDING

founding - 629 USD (829 USD)
company address - included
HK secretary (mandatory) - 225 USD
SCR representative (mandatory) - 45 USD
annual filing (for 1st year) - 105 USD
processing - 300 USD (500 USD)
HK bank transfer fee - 25 USD
your local bank transfer fee - 18 USD
Total: 1347 USD

options:
over 1000 shares - 200 USD
5 or more owners - 200 USD
local postal service - annual 700 USD
nominee director - annual 1600 USD
second local director - annual 600 USD

BANK ACCOUNT

Corporate documents:
IMPORTANT: ask what your bank requires!

Printed, for local bank, have to travel to HK:
225 USD (325 USD)
+400 USD if in HSBC

International (EU) bank, official apostille:
600 USD
OR
International (EU) bank, notarized documents:
800 USD

International bank, no travelling, with apostille:
1600 USD

Your bank may ask for (check it!):
Certificate of Incumbency 400 USD
Certificate of Good Standing 400 USD

+95 USD postage fee per dispatch

MAINTENANCE

renewal fee - 1250 USD

NIL statement - 400 USD

annual accounting (if needed) -
1700 USD (up to 100 invoices)
3000 USD (up to 500 invoices)

HK personal taxation rules

HK - EU taxation treaties

Average price depending on bank location: 1500 USD - 2000 USD