Hong Kong Incorporation
- Thread starter JohnLocke
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I have registered a company in HK using a site startupr.com couple of years ago.
The registration was done by them and there were no issues about that.
They (startupr) told me what docs to prepare for setting up the bank account and I did prepare everything they said I'll need for the interview at HSBC bank.
I flew the half the world and went to the meeting in the bank that they have arranged but it turned out that I'm missing some things because they didn't tell me that I need that (very unprofessional of them!!!).
The clerk at the bank was also surprised but have still accepted my application and told me to send the missing documents by email to him which I did as well as some other things bank also requested.
Three months later the bank declined to open a bank account giving no reason for their decision.
Year later, I haven't commenced any business (since I had no bank account) and I din't want to fly again to HK nor to renew the company so I have closed (dissolved) the company.
When I have read this thread Hong Kong is a trap, a fake good offshore jurisdiction I'm glad I didn't actually did any business there!
Right now I have a need to setup a new company and I'm considering Cyprus or UAE.
No but I don't want to have my Company hostage to pay insane fees. I read they do that in Hong Kong!
Sorry guys, would you be kind and discuss other topics than HK in a new thread in the forum here Offshore Company formation
It's easier for new readers! thu&¤#
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It's easier for new readers! thu&¤#
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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.
I think that a HK company can open a bank account in Cyprus (but never tried) .
If you only need the HK company but no HK bank account, I'd say any local HK agent is OK. I used always used the cheapest I could find 😉
For company formation, secretary and registered office, they where OK .
Check for the government fee. It has been reduced from ~US$300 to almost nothing ... 😉
If you only need the HK company but no HK bank account, I'd say any local HK agent is OK. I used always used the cheapest I could find 😉
For company formation, secretary and registered office, they where OK .
Check for the government fee. It has been reduced from ~US$300 to almost nothing ... 😉
Before it was just very much reduced, it being free now sounds even better. ... Hmm ... do US$200-300 really make such a difference? Especially if you can't get a HK bank account and for that matter also not a PayPal account. Da wiehert der Amtschimmel as they say in Germany ... The HK government should talk to their local banks if they want to promote business...
not sure if this thread is still active, been many years now.
but interested in your accounting and auditing service ? i also am trying to keep costs low.
& have had troubles with setting up my HK bank without the right agent /contact...
any help would be awesome !
this guys @busdriver has not been active sincce 2020 - you may check for other services around that we may have on OCT or search in threads about hong kong account services, there are many of them.
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