Some countries and regions (such as BVI, Samoa and Cayman Island) maintain a lenient tax regime as an incentive for worldwide investors or business owners to establish their investment flagship or business (known as offshore companies). These Offshore companies are not subject to any profit tax in general or tax declaration, and the shareholders' information, shareholding percentage and revenue status are entitled to the highest level of confidentiality. They are eligible to open bank accounts and enjoy subsequently financial services at most of the international banks. Dependent on the prevailing policies, there are cases that these overseas companies are listed in a third country or region.
Preparation of Required Registered documents for new corporate bank account setup
Preparation for Certificate of Incumbency (BVI, Samoa, Seychelles)
Registration of Certificate of Business Registration Hong Kong
Wholly Owned Foreign Enterprise (WOFE)A WOFE is a limited liability company registered with only foreign capital under the Chinese Commercial Ordinance. The investing party could be corporation, economic organisation or individual.As stipulated in the law, each WOFE is restricted in a certain business scope (e.g. consulting, manufacturing, trading, etc.) according to its activity and nature. The WOFE have different requirements for different business scopes. Estimated processing time: 45 days in average upon receipt of all mandatory documents.
Estimated processing time: 45 days in average after receiving all required documents
Nova had been extremely helpful. Their staff were very professional and patient with my questions. Definitely helped me a lot during the initial period where I am not familiar with all the government policies and regulation. I would strongly recommend them for anyone who is embarking a new business in Hong Kong.
NOVA is extremely helpful in all aspects of my business and personal financial requirements. In addition, they are excel in giving us professional comment and helpful to our customized need. Definitely a vital assistance of our assertive business growth.
Interested in our services? Want to register a new company? NOVA is here to help. Contact us now and enjoy a free incorporation consultation.
