Import-Export Hong Kong company registration

Offshore Business Q&ACategory: Hong Kong CompanyImport-Export Hong Kong company registration
Rakesh GuptaRakesh asked 2 years ago

Hi! I am Rakesh Gupta from New Delhi India, I am in Import-Export Business and now would like to open a branch/office in Hong Kong.

I am Importing currently from China Mainland and in future might be Japan, Taiwan, HK & Singapore will Add. Current China companies are having their Bank Accounts HK based or China Based.

The goods than Exported to INDIA or EUROPE, all dealing would be in USD. Dealing Goods are Electronic Components such as Capacitors, Resistors, Transistors, Printed Circuit Board etc.

So now i would like to understand the following :
• Procedure to register a company in HK
• Tax Liabilities while Importing & Exporting the Goods.
• Tax Liabilities on Profits under the same company.

Your early help is appreciated.

1 Answers
Best Answer
drunksnaildrunksnail answered 2 years ago

Hi Rakesh, you may find answers on your question by this link – Setting up a business in Hong Kong and Singapore

Rakesh GuptaRakesh replied 2 years ago

Thanks!

I still have few queries :
• What includes in the secretarial services ?
• Does you also help me in Raising the Invoices to my customers ?
• How I can do the Banking Transaction from India only ?
• Once Purchased is done than the New Invoices (my HK based comp Invoices) need to be provided to shipping agencies, how that can happen ?

Very Basic questions but need clarity, thanks for helping me!

drunksnaildrunksnail replied 2 years ago

What includes in the secretarial services ?
– Secretarial company – is one of the requirements of the Hong Kong legislation. Corporate Secretary is not the secretary who is answering phone calls; it is an authorized representative of the company, Hong Kong resident whose name is specified in the registration documents of the company. The Secretary shall notify the company of any action to be taken, prepares documents on current returns and changes to the structure of the directors /shareholders, has right to submit reports to the Companies Registry and the Inland Revenue Department, to renew the company (after receiving the payment), etc.

Does you also help me in Raising the Invoices to my customers ?
– We do not issue the invoices on behalf of the clients.

How I can do the Banking Transaction from India only ?
– The bank accounts have an option of the remote management via Internet banking. You can operate an account from any computer equipped with the Internet connection.

Once Purchased is done than the New Invoices…
– You can also contact your counter-parties via email and courier mail.

Rakesh GuptaRakesh replied 2 years ago

let me extend my queries:

– For the Banking, i also heard it is not necessary to have account in Hong Kong itself, it can be in any other country. If it is true than can I open bank account against registered HK company in India as well ?
– The Charges of 300 usd you mention is for Legal Address means i don’t have to maintain any other office/Apartment for registered address purpose ?
– Any Additional Official Fee for Registering a Company ?
– Business Registration Certificate from Inland Revenue Authority, Charges ?
– Business License to do Import / Export, Charges ?
– Common Seal & Stamp, Share Certificate & Share Register, Statutory Books.

drunksnaildrunksnail replied 2 years ago

For the Banking…
– Correct, the bank account can be in any jurisdiction.

The Charges of 300 usd you mention is for Legal Address…
– Yes, correct.

Any Additional Official Fee for Registering a Company ?
– No

Business Registration Certificate from Inland Revenue Authority, Charges ?
– It is already included in our charges.

Business License to do Import / Export, Charges ?
– If you are not going to do export/ import in Hong Kong then you don’t have to obtain the license here.

Common Seal & Stamp, Share Certificate & Share Register, Statutory Books.
– They all are included in our fee.

Avatar

About the Author:

Join Our Newsletter Feed