We are a Hong Kong Accountants Firm providing professional services, such as Hong Kong & offshore company formation, auditing, accounting and tax consultancy.
Further we have affiliated offices in China & Singapore. HK, being an International Finance Centre & a Tax Heaven, has the benefits of well-established legal systems and no exchange control.
Further we have affiliated offices in China & Singapore. HK, being an International Finance Centre & a Tax Heaven, has the benefits of well-established legal systems and no exchange control.
Formation procedures for HK & offshore companies are simple.
There is no need to come to HK for company formation or opening of HK bank accounts, and the bank accounts can be operated at overseas. We always assist our clients to open bank accounts with a major international bank in HK rather than a small bank in an offshore country.
There is no need to come to HK for company formation or opening of HK bank accounts, and the bank accounts can be operated at overseas. We always assist our clients to open bank accounts with a major international bank in HK rather than a small bank in an offshore country.
Our Firm is among the few which are on the lists of approved professional intermediaries of Standard Chartered Bank and Bank of East Asia, and are familiar with HSBC which do not have such a list at the present. Due to the recent fight against money laundry, it is difficult to open bank accounts unless the professional firms like ours are familiar with HK banks. HK banks provide internet banking service.
Our clientele include many foreign investors from a wide range of industries. Many of these foreign-owned HK companies do not have operations in HK and use our office as their registered office address. Therefore their profits are considered to be offshore income and not subject to HK taxes.
It is common for a foreign-owned company in China to have a HK holding company because in HK, there is no foreign exchange control, it is easier to have letter of credit facilities and its tax rate is low. HK Profits Tax for businesses with operations in HK is at 17.5% on their assessable profits.
We provide service for forming offshore companies incorporated in British Virgin Islands (BVI) and other offshore countries, which are not required to pay any tax in these countries or Hong Kong if they do not have any operations in these countries and HK. Shareholders can be anonymous.
An offshore company is not required to have business registration for opening bank accounts in HK.
Confidentiality
All banks in HK are under the HK law not to disclose any customer's information to any one without the customer's prior consent, except if the customer is suspected for money laundry or criminal offence, or the HK Inland Revenue Department suspects that he/she has evaded HK taxes (not taxes in other countries). Further the HK Inland Revenue Department is not allowed by the HK law to disclose any information to any one, including local or overseas governments.
Better Communication
We provide virtual office service - mail forwarding & telephone/fax services (with or without dedicated telephone line & answering in your company name) with all voice/fax messages sent to you by email. A HK company provides a HK telephone number for tape recording of telephone messages and receiving fax at HK$60 per month. All voice and fax messages will be automatically forwarded to your designated email address.
Edwin Cheung & Siu HK Accountants
Room 1204, 12/F, Shanghai Ind. Investment Building
48-62 Hennessy Road, Wanchai, Hong Kong
Tel: (852) 2851 1476 Fax: (852) 2851 1480
Email: cs@cheungandsiu.com
Click here for our contact address in Chinese language & map in pdf format
Confidentiality
All banks in HK are under the HK law not to disclose any customer's information to any one without the customer's prior consent, except if the customer is suspected for money laundry or criminal offence, or the HK Inland Revenue Department suspects that he/she has evaded HK taxes (not taxes in other countries). Further the HK Inland Revenue Department is not allowed by the HK law to disclose any information to any one, including local or overseas governments.
Better Communication
We provide virtual office service - mail forwarding & telephone/fax services (with or without dedicated telephone line & answering in your company name) with all voice/fax messages sent to you by email. A HK company provides a HK telephone number for tape recording of telephone messages and receiving fax at HK$60 per month. All voice and fax messages will be automatically forwarded to your designated email address.
Room 1204, 12/F, Shanghai Ind. Investment Building
48-62 Hennessy Road, Wanchai, Hong Kong
Tel: (852) 2851 1476 Fax: (852) 2851 1480
Email: cs@cheungandsiu.com
Click here for our contact address in Chinese language & map in pdf format
