How to open a company in Hong Kong or Taiwan with bank account?

[ckinski]

Hello,

I have to open a company in Hong Kong or Taiwan, with an bank account.

This company should be under a different identity, but under my full control.

Does anybody have some ideas? I can pay for mentoring.

Thank you in advance.

Regards,

ckinski

 

[negon]

Is it possible to insert a corporation for instant in the UK as director and shareholder in the HK corp? or must it be humans?

 

[ckinski]

auric said:
Is it possible to insert a corporation for instant in the UK as director and shareholder in the HK corp? or must it be humans?
Click to expand...

What you mean ?

Open a company with darks in UK, and with it a company and bank account in HK?

This would be possible, but how and where?

Thank you in advance.

 

[negon]

Well, it is possible to get setup a UK company with darks, actually I have tested it and it works just fine. So, if it is possible to let the UK company incorporate a HK company that then open a bank account in HK, this could be the solution. I can provide you with the darks for it.

 

[bountymounty]

I have a UK company duly registered in the UK with darks, this could work for your HK setup.

 

[Maikol]

ckinski said:
Hello,

I have to open a company in Hong Kong or Taiwan, with an bank account.

This company should be under a different identity, but under my full control.

Does anybody have some ideas? I can pay for mentoring.

Thank you in advance.

Regards,

ckinski
Click to expand...

Dont know about the company part ... maybe possible ... But I am aware that to open a bank account in Hong Kong requires a personal visit to the bank.

Not sure what you mean to use it for. But HK bank accounts can get easily shut down if they sense something fishy with it.

 

[Mike Forman]

Open a HK bank account is really hard these days even when you have a legit business with history and have an address in HK/CN.
I use a native HK friend to open company bank accounts and the banks easily open the account without many questions

 

[JohnLocke]

If you friend is known to the bank it may be easy to open an account there!

However, what about long term, do they start asking lot's of questions once the account get active and ingoing / outgoing transactions start floating?

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[bountymounty]

What bank can you friend open a bank account in ?

 

[Samuel Newman]

HK banks are not really friendly to non-residents
last time they asked for HK ID (not hard to get but takes time), local utillity bill (even if you rent 4 metres room, it is rather expensive in HK), local phone number and personal visit of course


it is still possible to find local nominee director as I did
but it is very expensive

 

[hey]

As others have said, stay away from HK. If your not a resident and if they even smell something a bit fishy, you will be shut down. They are sooo hard. Plus, everyday the communist party is taking more and more rights away from HK and they practically control HK 100% now under the 1 system even though they promised the British 1 country 2 systems. It is less and less of that everyday.

Unless you absolutely need a company for the Chinese market, in that case you will be required by Chinese law to get a mainland WFOE anyways and a HK company won't help, forget HK.

If your in Asia, try a Labuan company. It will either be 100% tax free or your choice of 3% with audit or $5,000 USD depending on what your doing.

 

[Maikol]

hey said:
As others have said, stay away from HK. If your not a resident and if they even smell something a bit fishy, you will be shut down. They are sooo hard. Plus, everyday the communist party is taking more and more rights away from HK and they practically control HK 100% now under the 1 system even though they promised the British 1 country 2 systems. It is less and less of that everyday.

Unless you absolutely need a company for the Chinese market, in that case you will be required by Chinese law to get a mainland WFOE anyways and a HK company won't help, forget HK.

If your in Asia, try a Labuan company. It will either be 100% tax free or your choice of 3% with audit or $5,000 USD depending on what your doing.
Click to expand...

Just to make a small addition to that. HK police monitors transactions of accounts. I know of clients being contacted directly by HK police to enquire about the nature of the business and why they made a deposit to a particular account. So be aware that the person or company that pays money to your account may get called. Also i know guys whos account got frozen out of the blue and the only thing they will tell you is that they cant give you more info till you visit the bank in person.

 

[Samuel Newman]

Maikol said:
Just to make a small addition to that. HK police monitors transactions of accounts. I know of clients being contacted directly by HK police to enquire about the nature of the business and why they made a deposit to a particular account. So be aware that the person or company that pays money to your account may get called. Also i know guys whos account got frozen out of the blue and the only thing they will tell you is that they cant give you more info till you visit the bank in person.
Click to expand...

... and when you visit the bank they'll give you check with your account balance, which might be payable only on the same name with HK bank account, which is near to impossible to open, when you were blocked once in HK 🙂)

 

[hey]

In addition, China is in debt more then the US, they are on the brink of collapse. They will take HK down with them. 50-75% of mainland banks are insolvent. Also, HK has sooo much mainland money coming in that they just don't care about us. I bet no one on this forum (I don't knew any of you, just a guess) has the kind of money that a mainlander is flashing around bank to bank.