Thank you for sharing this information is has been of great help to me to decide not to register a company in Hong Kong!
Thank you for sharing this information is has been of great help to me to decide not to register a company in Hong Kong!@redeye
Audit:
Actually, in Europe, there is no audit of companies starting from 1 euros of profit. In Hong Kong, every single companies with at least 1 HK dollar has to be audited. The vast majority of HK company discovers it after one year.
If you had lots of transactions during the year, the HK auditor will justify a high price for the audit and for a small business is really expensive. In fact, this can be as high as if you would pay 12,5% corporate tax in Cyprus. I say it so because i know someone who paid $4000 for the audit of his company as he had lots of micro-payments.
In cyprus 2 of the 3 conditions are required to impose a company an audit
(a) its total assets do not exceed € 3.4 million,
(b) its net turnover does not exceed € 7 million,
(c) its average number of employees does not exceed 50 persons.
I don't see where you are blacklisted from all with a Seychelles company? how comes you think so?Then go to Seychelles and you're will blacklisted from all.
There are some controls but in final Hong-Kong are not Blacklisted from all and stay a clean place to have an offshore company.
You pay a HK company for do all of papers yearly and it's good.
In this video the guy go to HSBC but HSBC HK don't accept to open account if it's 100% offshore.
If you consider to travel there then pay what you owe the guys and pay to get the corp closed. It is not worth to get troubles once you enter the airport there!Can you link any of those reports? Wouldn't it be wiser to not travel *after* 1-2 years because fines will only get higher.
If you consider to travel there then pay what you owe the guys and pay to get the corp closed. It is not worth to get troubles once you enter the airport there!
Count me in I was naive too back then when I registered a company in HK!People are very naïve about Hong Kong. HK is a just a special region of China... Since it is far away from everything people think they are protected by it is not true. It is exotic so some people just jump on it.
However, if something goes wrong, it really gets bad because they will seize all your company assets in a blink of an eye.
screw them, there will be no problems at all. Why are you afraid of them there! I didn't paid them my recurring invoice and told them to go f**k themselves!You are right i think i did the mistake , what should be the ideal way to do it ?
Who say you get blacklisted from all? what is all what is it you mean?Then go to Seychelles and you're will blacklisted from all.
There are some controls but in final Hong-Kong are not Blacklisted from all and stay a clean place to have an offshore company.
You pay a HK company for do all of papers yearly and it's good.
In this video the guy go to HSBC but HSBC HK don't accept to open account if it's 100% offshore.
You are a very wise man and know much. It's a shame you got banned from here! Thanks for leaving this information it was the reason for why I found this forum!On my first thread, there is a link to the story of a digital nomad who started to have problems with the IRD (HK authority after 18 months of activity.
Plus, i didn't link it but, i have found several people saying that the IRD (Hong kong tax authority) asked for your personal tax statement when you filled out the tax exemption claim. I don't want to link the source because the source is a Hong Kong company that incorporate companies. I don't want people to fall in this trap.
I have discovered that many registered agents of Hong Kong asked for personal tax statement of people who wanted to incorporate a company too.
No jurisdiction in Europe, Seychelles, Belize ask you for such a thing.
By the way i don't talk about blacklist, i talk about local issues with Hong Kong jurisdictions itself.
Does someone has a reliable provider of Hong Kong companies after all? I find it very informative this thread but still it would be nice to know if there is any reliable provider around that not will fool you into their business nor charge you a arm and leg once you have setup the company with them!
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