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  1. V

    Virtual office in Vanuatu

    Still an interesting sidenote... I like to read about where people went wrong. It's generally good advice :-)
  2. V

    Has Hong Kong lost its "business" appeal?

    For people putting a HK company together which operates as offshore, and banks elsewhere, I doubt you will see much change. Even with the CCP having more power in the legal/judicial system. I could be wrong, over time, but it will probably be in their interest to keep a lot of what is in place...
  3. V

    HK company - what bank account?

    Registered in HK, large development/finance/sales office in Shanghai and Melbourne. I believe they have other smaller offices in various locations too. Development HQ comes out of Melbourne. A lot of ex-ANZ guys have gone in there.
  4. V

    HK company - what bank account?

    A bit of searching comes up with multiple license applications out and pending... including in Singapore (which I believe will be their HQ).
  5. V

    HK company - what bank account?

    They have bank licensing pending in the USA and UK from memory. I think that's why it is still only in Beta. They literally released Beta late last week so it's very early stages.
  6. V

    HK company - what bank account?

    Yeah I saw their video/product roadshow and it looks really, really promising... check out that website. Singapore based.
  7. V

    HK company - what bank account?

    Well I thought you could until I read your above comment... so I guess it must be a 90 day limit. I have not kept funds this long so have never tested it out. The Wallet Account allows you to make payments and take money out of Airwallex, and the Global Accounts are just a collection facility -...
  8. V

    HK company - what bank account?

    Arival Bank is now in Beta. It seems to have everything under the one interface, which looks very cool: ARIVAL | Banks are old. We're not. - Arival Bank - The First Fintech Bank
  9. V

    HK company - what bank account?

    So there's a wallet account, where you transfer your own funds from another business account into the Airwallex account, or transfer your collected funds out of. This account has a different number depending on the currency, but the account name for that is Airwallex Ltd (this is not the...
  10. V

    HK company - what bank account?

    Fair enough, I need one that is consistently reliable/available as my clients are SME through to large corporates who are directly paying into the account. So I do not get too much opportunity to use more than one (although I am thinking of Currenxie as a backup account).
  11. V

    HK company - what bank account?

    Currenxie seems comparable to Airwallex but Neat seems to have a lot of small fees where Airwallex does not. Things they still need are physical cards and ApplePay (in the pipeline now apparently).
  12. V

    HK company - what bank account?

    Yes the account is in your business name with your own Account number. Each currency account you setup in your wallet, comes with its own account number relevant to that currency. Each currency account then syncs with Xero (the accounting software we use) as a separate bank account.
  13. V

    HK company - what bank account?

    Yes you get Ac number, BSB, SWIFT code etc with Airwallex like a normal bank account.
  14. V

    Neat, Revolut or Transferwise for HK Company?

    Okay, so I got swayed back towards a HK company despite the unrest and minor setup admin costs ($400 AUD difference with Singapore). It just seems a bit easier with the IRD and the extra $2000HKD to assess offshore status is minimal. The lawyer I was speaking with said he couldn't see how my...
  15. V

    Australian E-commerce

    I would think both NZ and Aus would want a piece of that tax if you spend 6 months in either. The 183 day rule is very flexible and if they think you're here that much each year, you will have a hard time proving residency elsewhere (especially the tax haven you are claiming residency in). If...
  16. V

    Australian E-commerce

    For option B, you essentially need to move to Vanuatu/Panama (or even another territorial tax country which leaves your foreign income alone) and have an established domicile there, i.e. sell up and cut ties with Australia, and then live somewhere else. Option B is something I am setting up my...
  17. V

    HK company - what bank account?

    Try Airwallex and Currenxie as Martin suggested. I've gone with Airwallex and it's super easy to use.
  18. V

    Neat, Revolut or Transferwise for HK Company?

    Yes I heard the same, but also heard if the money wasn't remitted to SG, it was considered foreign exempt income. HK is simpler but there is too much political instability at the moment. I'll report back when I find out more.
  19. V

    Neat, Revolut or Transferwise for HK Company?

    My understanding is HK won't tax foreign income remitted to a HK bank but SG might if it does not fit certain criteria. So SG companies can use a foreign bank accountant to separate its foreign income from SG entirely. I'm in the process of getting that information clarified so will report back...
  20. V

    Neat, Revolut or Transferwise for HK Company?

    I'm actually looking for information on that now, as I thought the account needed to be elsewhere to avoid SG tax (i.e. Money not remitted to SG was 100% safe), and Airwallex is technically a HK bank I believe. However, I need to work out if they're considered an SG account if the company is SG...

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