HK company valuation

[offtopic]

If I wanted to sell my clean 2012-created HK company (+HSBC bank account / no nominee director or shareholder), how much would it be on the market?

(Note: this is not a sales post, just a request for information)

 

[W4rhol]

Can we have your review about the experience you get with your HK Company ?‌

How much per year the audit cost you ?
You get some trouble with the‍ HK Tax Administration for the offshore purpose ?

Sorry to my question who have nothing⁠ to do with your post, but because you have one HK offshore company (I was⁤ onshore in HK during 4 years) I would like to know a long term experience⁣ about that.

Thanks

 

[offtopic]

I didnt had any bad xp with tax authorities at all. Good xp with HK‌ so far.
Just selling it because of maintenance costs (renewal+tax returns) which are not justified‍ anymore to me as I'm back EU and none of my EU B2B customers want⁠ to deal with HK without certificate of residence (being requested by local EU tax authorities).⁤

 

[W4rhol]

Which of your UE customer ask a certificate of Residence ?
I have a few‌ friends who are offshore freelance with an HK company and I never heard of that.‍

 

[offtopic]

Tell me about it... First time I'm hearing this as well....
Polish and French customers‌ are asking.

 

[W4rhol]

I have French customer and they never ask me a Certificate of Residence, and I‌ bill with an offshore corp in Singapore and I'm not resident there.

Edit : Are‍ you French ? If not, maybe your French Customer just want to protect themselves.

 

[offtopic]

We can exchange my HK against your SING if you dont mind 🙂

 

[W4rhol]

No thank you, I have lost enough hair with the HK administration and the Hong-Kong‌ People 🙂

 

[lostman]

are there any liabilities in the company and why do you sell it?

 

[offtopic]

No liabilities. As I said, I cant currently use it as my EU B2B customers:‌ I cant provide them HK certificate of residence anymore as I'm not residing it anymore‍ and back to EU. PM.

 

[offtopic]

I'm surprised your french customer did not ask it to you⁠ (or they are ignorant about it). FR companies need the COR certificate to claim tax⁤ benefits under the FR/SING DTA...

 

[W4rhol]

You have a link in legifrance or in the⁠ DTA treaty ? Because I have see nothing about that in the DTA treaty

 

[offtopic]

Information coming from accountant.

I'm interested into Sing. Can you PM?

 

[suzy]

What Money have you available in order to setu a Singapore company? I have‍ still to learn what benefits some get with such an entity beside lots of expenses⁠ to adent and tax!???