hk company Purpose and Benefit

Recommendation :

BVI company is more suitable for holding of asset. Hong Kong company is more suitable for doing business.

	Hong Kong Company	BVI Company
Business Image	Better	Less good
Resistance of customer and client	Less resistance as registration is open for public search	Higher resistance as registration is not open for public search
Risk reduction	Same	Same
Tax benefit	Profits Tax rate 17.5% but exempt for profit not deriving from Hong Kong	Profits Tax rate Zero but limited to profit not derived from BVI. Company may still subject to tax of another country.
Asset holding	Asset transfer can be achieved by share transfer. Has to pay stamp duty for share transfer. Updated financial statement is required for share transfer.	Asset transfer can be achieved by share transfer. No stamp duty and no financial statement is required for share transfer.
Bank account opening	Easier and less requirement even for non-Hong Kong resident	More requirement and always request for Personal banker's reference letter of directors. Disclosure of beneficiary owner. Purpose of opening bank account.

Hits： Update Time:2010-08-13 14:10:47 【Printing】【Close】

Correlation Article

china company required documents(2010-08-13 14:13:21)< Hits:118 >

china company retailer(2010-08-13 14:12:21)< Hits:249 >

hk company Purpose and Benefit(2010-08-13 14:10:47)< Hits:4 >

hk Company Requirement & Cost(2010-08-13 14:10:20)< Hits:32 >

advantages of limited hk company(2010-08-13 14:06:06)< Hits:50 >