Jinetic.com/blog

Starting a Money Exchange business in Hong Kong

Eric Lee — Wed, 13 Jul 2011 04:21:08 +0000

Any company that plans to conduct money exchange business in Hong Kong must register with the Joint Financial Intelligence Unit (JFIU): http://www.jfiu.gov.hk

We have also heard that as of today HSBC no longer opens bank accounts for companies that conduct money exchange. Both the Standard Chartered Bank and the Bank of China will open the bank accounts on a case by case basis.

英屬處女群島(BVI)有限公司註冊須知

Eric Lee — Fri, 09 Jul 2010 09:27:26 +0000

在BVI有限公司成立之前, 公司董事及股東必須提供護照及住址証明正本. 如不能的話, 必須提供護照及住址証明的核証或公正影印本.
不是所有公司或團體都願意跟BVI有限公司做生意的. 所以在成立BVI有限公司前,最好詢問供應商及客人是否願意和BVI有限公司做生意。
BVI有限公司無須註冊為非香港公司就可以在香港持有物業.
BVI有限公司是不能在香港營業及出租物業的. 但是可以把BVI有限公司在香港註冊為非香港公司. 當BVI有限公司註冊為非香港公司之後, 其運作及責任跟一間香港公司差不多. 非香港公司必須申請商業登記證才可以在香港營業, 而每年必須更新商業登記, 提交週年申報表, 核數, 報稅及交稅.
BVI有限公司是可以在香港開設銀行帳戶的. BVI有限公司在銀行開戶時必須提供以下文件:
- 董事及股東的護照及住址証明正本. 如不能的話, 必須提供護照及住址証明的核証本或公正本;
- 董事就職証明(Certificate of Incumbency);
- 公司註冊証書(Certificate of Incorporation);
- 公司章程(Memorandum and Articles of Association)
如果要用BVI有限公司在銀行申請商務信用咭, 公司董事或股東必須在該銀行有私人帳戶, 而商務信用咭會連接到該私人帳戶.
註冊BVI有限公司時, 我們將會提供一個在BVI的註冊地址. 但是這個BVI地址是不能作郵寄之用的. 在註冊公司時, 可以提供一個聯絡地址.除非你想我們為你收取信件, 否則是不用使用我們的聯絡地址服務. 香港的銀行亦可以郵寄文件到世界任何地方. 你可以用一個非香港或非BVI地址作為公司的聯絡地址
公証BVI有限公司文件是比公証香港公司文件貴很多的.
如果公司董事或股東是一名美國公民或永久居民, 公司董事必須簽署一份聲明,証明公司收入是合法的, 及公司的董事或股東會依從美國法律報稅.
BVI有限公司是可以在香港開設投資帳戶買賣香港股票. 但是這樣做的話, 該公司在香港會有收入, 可能會被稅局要求申請商業登記及交稅. 如果在香港買賣股票, 最好還是用私人名義. 如果BVI有限公司內其中一位董事或股東是美國或加拿大公民或永久居民, 銀行是不會開設投資帳戶的。
我們的BVI有限公司註冊費用。

Notes on BVI Company Incorporation

Eric Lee — Sun, 04 Jul 2010 10:37:40 +0000

Before BVI company incorporation, the directors’ and shareholders’ original passports and residential proofs must be provided. If not, the certified true copies or notarized copies of the documents must be provided.
Note that not all companies or organizations are willing to do business with BVI companies. Before forming a BVI company, you may want to ask your suppliers or clients whether they are willing to do business with a BVI company.
A BVI company can hold properties in Hong Kong without being registered as a non-Hong Kong company.
A BVI company by itself cannot conduct business or lease property in Hong Kong. By itself, it cannot subscribe to any services in Hong Kong (such as subscribing mobile phone service or courier service.) However, it can be registered in Hong Kong as a non-Hong Kong company. Once it has been registered, it can be operated as if it were a Hong Kong company, and a Hong Kong business registration will be issued to the BVI company. However, the company will need to file Annual Return and yearly audited financial report to the Hong Kong government, and pay tax in Hong Kong if there is any profit generated here.
A BVI company can open a bank account in Hong Kong. The following documents are required for the account opening:
- the directors’ and shareholders’ original passports and residential proofs. If not, the certified true copies or notarized copies of the documents;
- Certificate of Incumbency;
- Certificate of Incorporation;
- Memorandum and Articles of Association.
To obtain a commercial credit card for the BVI company, the commercial credit card will be required to link to a personal bank account in the same bank of the director or shareholder.
The BVI company will come with a registered office address in BVI, however, the address cannot be used for mailing purpose. There is no need to use our address as the Corresponding Address of the company unless you want us to receive mails for it. You may use a non-Hong Kong / non-BVI address as the Corresponding Address of the company.
The cost of legalizing the documents of a BVI company will be much higher than that of a Hong Kong company.
Directors or shareholders of a BVI company who are U.S. citizens or residents will be required to sign a form declaring that all incomes of the company is legal and that they will fulfill their tax filing obligation.
BVI companies can open investment bank accounts in Hong Kong to trade stocks. However, as profit may arise in Hong Kong, the BVI companies may be required to be registered as a non-Hong Kong company. Therefore, it is recommended to use a personal bank account to trade stocks in Hong Kong. The banks in Hong Kong are unlikely to open investment accounts to the companies in which U.S. or Canadian citizens or residents are shareholders or directors of the companies.
Our BVI Incorporation Pricing

Opening a Travel Agency in Hong Kong

Eric Lee — Tue, 02 Feb 2010 05:00:37 +0000

The steps of using a Hong Kong limited company to set up a Travel Agency are as follow:

The authorized capital should be set to at least HKD $500,000, so there will be an extra governmental fee of HKD $500 or more for the company registration;
All the shares must be assigned, ie, paid-up capital should be at least HKD $500,000. The company will then have at least HKD $500,000 of asset at the time of incorporation;
A letter issued by a Hong Kong CPA / lawyer certifying that HKD $500,000 has been deposited into the company’s bank account. Note that the money can be withdrawn after the TIC membership approval;
If possible, check the company name with the Travel Agents Registry before company registration: +852 2807 1199;
Leasing of an actual office in Hong Kong. While the company can do any business, the office can only operate the travel agency;
If none of the directors have work permits to work in Hong Kong, the company must hire someone who can work legally here;
Read the FAQs here:
1. http://www.tar.gov.hk/eng/frequently/index.html
2. http://www.tichk.org/public/website/en/member_service/membership/application/html
3. http://www.tichk.org/public/website/en/forms/membership/application_info_english.pdf

2010營業時間

admin — Fri, 25 Dec 2009 16:13:25 +0000

農暦年假：

2010/2/13 (星期六) － 2010／2／17 (星期三): 休息

營業時間：

星期一至星期五，早上十時至下午六時

如有任何緊急事情, 請電郵我們 info@jinetic.com, 或發短信至 +852 66128714

謝謝.

2010 Business Hours

admin — Fri, 25 Dec 2009 16:08:54 +0000

Chinese New Year Holidays:

2010/2/13 (Saturday) -2010/2/17 (Wednesday): closed

Regular Hours:

Monday - Friday, 10:00am - 6:00pm

For emergency, please email us at info@jinetic.com, or SMS at +852 66128714

Thanks.

(更新) 商業登記費豁免一年

Eric Lee — Tue, 26 May 2009 10:28:05 +0000

更新日期 2009/6/25

香港政府將豁免由2009/8/1-2010/7/31之商業登記費一年. 新費用將由原來的HKD$2,450降低至HKD$450. 我們亦會降低我們香港公司註冊的收費. 新的套裝A費用是HKD $3,380, 而新的套裝B費用是HKD $4,280. 新收費的有效期為2009/8/1-2010/7/31

注意今年在八月前以HKD $2,450申請商業登記的公司, 下年可以以HKD$450更新商業登記. 例如如果在2009/6/25以$2,450申請商業登記,下一年2010/6/25可以以$450更新商業登記.

來源: http://www.ird.gov.hk/eng/pdf/br_fee_table.pdf

(UPDATED) Government to waive business registration fee for 2009 - 2010

Eric Lee — Tue, 26 May 2009 10:21:27 +0000

Updated on 2009/6/25

The Hong Kong government is going to waive the business registration fee for one year. From 2009/8/1 to 2010/7/31, the Business Registration fee will be reduced by HKD $2,000. Accordingly, we will also reduce our Hong Kong company registration service fees. For the period between 2009/8/1 - 2010/7/31, the fee for package A will be HKD $3,380, for package B will be HKD $4,280.

Note that those who pay the regular $2,450 Business Registration fee before August will receive the discounted rate next year when the Business Registration is renewed. For example, if the Business Registration is issued on June 25, 2009, the fee is HKD $2,450. When the Business Registration is renewed next year on June 25, 2010, the fee will be HKD $450.

Source: http://www.ird.gov.hk/eng/pdf/br_fee_table.pdf

Hong Kong Company Apostilles

Eric Lee — Fri, 03 Apr 2009 07:05:56 +0000

How to obtain apostilles for Hong Kong company incorporation documents?

You need to know precisely which documents you need to obtain the apostilles for because they are quite expensive (HKD $125 each page charged by the court. Also we need to obtain certified copies from the government). It will be cheaper if you just want the apostilles for the Certificate of Incorporation, and Business Registration.

The total cost for obtaining the apostille is HKD $1,000 (service fee) + court fee + governmental fee

For example, to obtain the apostilles for a complete set of Hong Kong incorporation documents (for a brand new company, not a shelf company), the cost will be (in HKD):

Form NC1 = $170 (certified copy) + 6*$125 (apostille fee, assuming there are 6 pages) = $920
Memorandum and Articles of Association = $170 + 8*$125 (apostille fee, assuming there are 8 pages) = $1,170
Certificate of Incorporation = $170 + $125 = $295
Business Registration = $50 + $125 = $175
Government and Court fees subtotal = $2,560

Our service fee = $1,000

Total: HKD $3,560 or USD $462

2009 - 2010 之商業登記費

Eric Lee — Mon, 02 Mar 2009 17:09:22 +0000

*** (2009/6/25) - 這是舊聞. 請在這裡參閱2009/8/1-2010/7/31的收費: http://www.jinetic.com/blog/?p=80

根據香港稅務局網頁, 2009 - 2010 之商業登記費將回復到港幣$2,000: http://www.ird.gov.hk/eng/pdf/br_fee_table.pdf

因此, 我們的香港公司套裝A及套裝B的費用亦會在2009/4/1及以後增加港幣$2,000. 新的套裝A費用是 $5,380, 而新的套裝B費用是 $6,280. 在2009/4/1或已後成立的現成公司費用亦增加港幣$2,000

如果成立公司服務是在2009/4/1前訂購, 但公司是在2009/4/1或以後成立, 客人必需在申請商業登記證前多繳付 $2,000

香港政府正加緊推行刺激經濟措施, 請密切留意最新收費.