Setting up Hong Kong Company and Open Company Bank Account (Guangzhou)
Wednesday, 27 May, 2020 Reply to:
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People all around the world would like to set up company in Hong Kong, because of its advantages and easy to set up. However, it’s hard to open company bank account. Because of many policy variables and proactive measures, having a Hong Kong account can eventually provide a lot of convenience.
Generally, Hong Kong companies are popular because of following advantages :
1.With very low tax rate ( 8.25% on assessable profits up to $2,000,000; and 16.5% on any part of assessable profits over $2,000,000 );
2.Tax exempt for income not incurred in Hong Kong ( offshore income );
3.Allow nominee shareholder and director structure;
4.beneficiary owner's identity can be hidden from public company record;
5.With very stable social and political environment;
6.With very active and freedom in financial activities;
7.No restriction in fund transfer to and from most part of the world;
8.Close to and with excellent relationship with Mainland China;
9.Enjoy convenience of international banking system;
What’s more, having a Hong Kong Company bank account really benifit a lot for business, becuase HK Co. Account:
3.Without foreign exchange control, funds can be freely allocated;
4.Facilitate the settlement of funds in international trade;
5.Exemption of interest tax and higher real earnings of deposits;
6.Various currencies can be converted freely.
7.The daily operation of the account is simple, and the online bank can be opened for transactions;
8.Facilitate trade financing to international banks;
Our company, GZ-Timely provide professional and reliable services for you. Welcome to contact us for more details.