BBCIncorp
BBCIncorp provides corporate services catering to all aspects of your business: from company formation, and banking assistance to accounting & auditing, and legal administration. Contact us now for timely support via the following: Email: service@bbcincorp.com Phone: (+852) 8192 8666 Address: Office 3906, 39th Floor, The Center, No. 99 Queen’s Road, Central, Hong Kong Website:
Types of Businesses in Cyprus: Key Factor That Defines You… Hong Kong eCommerce: Endless Opportunities Are Waiting For You – Part 2. Part 1: Major eCommerce merchant segments The top five largest segments of eCommerce in Hong Kong according to Statista are fashion, consumer electronics, personal care, furniture & appliances, and food & beverage.
Among these segments, fashion is the largest segment with a market volume of US$2,460 million in 2021. Cayman Islands LLC: Key Features & Matters To Be Considered. Delaware Company Formation With Bank Account - BBCIncorp.
Offshore Company Formation. BVI Company Formation. Belize Company Formation. Hong Kong Company Formation. Offshore Company Formation Comparison. Incorporating an offshore company is straightforward and easy.
However, there may be a bunch of concerns associated with "Which is my best offshore jurisdiction to incorporate a company? ". Each offshore jurisdiction may show different features which are of great influence on your decision making. Normally, there are a set of parameters that you should take into consideration before reaching your best-suited option, key of those factors are as below: Jurisdiction’s reputationCompliance requirementsBanking needsTaxationResidency requirementsProcessing timeBusiness structureIncorporation costTax treaty availability You can find self-check questions for those relevant factors by visiting our blog HERE Or, if you have picked some choices already but still get confused, please roll down to Offshore Company Comparison Table below for more information!
2020 Update: A Guide to BVI Economic Substance Requirements. Last updated: 11 Aug 2020 Economic substance legislation has been introduced on many offshore jurisdictions worldwide as a signal for responding to EU and OECD initiatives in curbing harmful tax approaches.
The prestigious financial offshore center like BVI does not lie outside such implementation. In this article, BBCIncorp offers you a comprehensive guide to BVI Economic Substance Requirements that you should know! Economic Substance is the center of attention to any “no or only nominal tax” offshore jurisdiction, including the British Virgin Islands. What is an Investment Visa in Hong Kong? Last updated: 4 May 2020 In Hong Kong, Investment Visa is known as “Entry for Investment as Entrepreneur”, which, as the name suggests, lets people come and invest in Hong Kong or set up a new business here.
A Complete Guide to Hong Kong Employment Visa. Last updated: 4 May 2020 In Hong Kong, an employment visa is a work visa designed for any foreign professional who has taken up a job offer in this country.
Aside from the permission to work and earn money, a holder of the employment pass is also given the right to bring along their family members, or even to acquire permanent residency status when deemed appropriate. This article will walk you through every step you need to take to obtain this type of visa. An employment visa is to recognize its holder’s right to reside in Hong Kong for the purpose of an employment opportunity. In light of this, you can apply for an employment visa only when you have earned a job offer in Hong Kong. Fortunately, the Immigration Service of Hong Kong knows all too well this predicament that the applicants are in. In addition, no quota is imposed on the number of employment visa holders, in part because Hong Kong has to deal with the aging population and declining workforce.
Hong Kong Company Annual Compliance Requirements. Last updated: 4 May 2020 Beside being the heart of Asian financial markets, Hong Kong is a wishful location for foreign investments due to its open-oriented business policies.
It is easy to incorporate, but to maintain the enterprise’s legal status, you should observe carefully on the annual compliance requirements in Hong Kong. Obliged by law, Hong Kong corporates must sustain the company managements, and annual filing with the Companies Registry (CR) and the Inland Revenue Department (IRD). Unless otherwise stated, compliance information showed in this post is for private limited company, which accounts for over 95% of new company formation each year in Hong Kong. Understanding Hong Kong three-tier banking system. Last updated: 2 Jun 2020 Hong Kong banking system is characterized by a three-tier system, including Licensed banks, Restricted banks and Deposit-taking companies.
In this blog, we will delve into key features of each type! Virtual Office Benefits That You Should Not Miss Out. Last updated: 24 Apr 2020 Stepping alongside fast-evolving trends of the world, there are more options of the workplace to help new start-ups grow their business.
One of the highlights that we are talking about is the presence of Virtual Office, which is a popular choice for any newcomers in favor of a cost-effective, flexible and convenient business environment. Outstandingly, virtual office benefits can be reaped by not only employees but also employers. DBS Hong Kong now supports remote bank account opening. Last updated: 27 May 2020 To give businesses more flexibility in opening corporate bank account amid coronavirus pandemic, DBS Hong Kong has allowed business clients to go through due diligence process with video conference call, instead of physical meeting like before.
Do note that this capacity is only available for some matches of corporate and business owners’ nationality, as detailed below: HK company with Chinese UBO: meeting at Great Bay Area to apply for dual account (DBS China and DBS Hong Kong)HK company with foreign owner: conference call, courier documents certified by CPAForeign companies with HK owners: conference call, courier documents certified by CPA Having an account in DBS Hong Kong offers a great plus for international trading, asset protection, and multitude of investment opportunities.
These benefits surely come with some initial pre-qualifying conditions for account holders that you need to put in mind. Branch vs Subsidiary vs Representative Office: Key Differences. Last updated: 30 Jun 2020 Foreign companies in desire of setting up their presence in another jurisdiction tend to opt for among three popular business structures, namely Branch Office, Representative Office and Subsidiary.
This blog will help you clarify striking differences of these types in terms of their liabilities, incorporation requirements, tax implication and compliance requirements. The given table illustrates main differences amongst three widely-used registration options for foreign companies in Hong Kong: One striking difference amongst a branch office, a representative office and a subsidiary lies in the liability of each type. A representative office is not treated as a legal entity since it is actually the office of its foreign parent company to be set up temporarily for administrative tasks in another jurisdiction.
Belize Economic Substance Requirements & Tax Guide [Infographic] Last updated: 7 Jul 2020 Belize’s legislation changes have been the centre of attention recently, chief of which how Belize economic substance works and how tax would be treated for an IBC are two of biggest concerns with our clients. In what follows, BBCIncorp will walk you through the most important specifics of these changes in an easy-to-capture manner. Let’s see below! The Economic Substance Act of Belize took effect on 11 October 2019. The issuance of this Act is to prevent entities from taking advantage of Belize corporate structures to earn profits but not representing the real economic situation in Belize. Key highlights of Belize Economic Substance Act (ESA) that you must know: Tax in Hong Kong: A General Guide For Entrepreneurs.
Last updated: 4 May 2020 Basically, with the comparatively low-rate tax regime, Hong Kong has remained as one of the most popular markets in the Asia Pacific. How to open a bank account in Hong Kong for 2020. Last updated: 19 Jun 2020 Hong Kong is a dynamic place to live. It is also among the most robust business hubs in the world to incorporate a company. And if you are looking for a secure and sound financial center to open an offshore bank account, Hong Kong is relatively an option to go. Differences between Tax evasion, Tax avoidance and Tax planning. Last updated: 24 Jun 2020 Tax evasion, Tax avoidance and Tax planning are common terms when it comes to taxpayers’ manners for tax reduction. In this article, BBCIncorp will clarify meaning, features as well as differences between tax evasion, tax avoidance and tax planning! Tax evasion is any illegal method or unlawful attempt to reduce tax liability of taxpayers. How To Set Up An Offshore Company For 2020: A Guide From A To Z.
Last updated: 3 Jul 2020 How To Set Up An Offshore Company From A To Z is a detailed roadmap that supports every start-up or new offshore player to save their time and resources. Please read below! The term “offshore company” may be too familiar to you, but actually, the topics associated with the offshore company seem to be always at the top level of attention.
Thanks to a wide range of benefits like tax optimization, asset protection or privacy, a large number of business players have been increasingly flocking to offshore jurisdictions. Some common names you may know are the BVI, Belize, Hong Kong for examples, and many more. An overview of offshore bank account that you should know. Hong Kong Offshore Tax Exemption: How To Take Its Advantages? Hong Kong Business Entity Types: Pros and Cons. How To Open A Business Bank Account In Belize. The BVI vs Cayman Islands: Which is the best place for an offshore company? British Virgin Islands: An Introduction To The BVI Company Types. Hong Kong Dormant Company: What You Should Know. Offshore investments in Seychelles Tax Haven: Why not? Last updated: 4 May 2020 Among multiple choices of the most widely-chosen tax havens, Seychelles is a preferred destination for wealthy individuals and corporations.
8 Reasons Why You Should Open An Offshore Bank Account. 06 Benefits of setting up a company in Hong Kong. Last updated: 4 May 2020 Hong Kong, known as Special Administrative Region (SAR) of China, locates at the head of Pearl River Delta. In more than 20 years, since 1997, Hong Kong has kept moving forward with its prosperity and dynamism. Thanks to its high standards of living as well as the benefits of setting up Hong Kong companies, foreign investors are attracted as they have figured out more opportunities here. Almost all open-oriented jurisdictions facilitate foreigner to set up companies and encourage their investments. Offshore Company: An Efficient Path Moving Your Business Overseas. Seychelles International Business Companies (IBCs): Why & How. Onshore vs Offshore vs Mid-shore: What Are Differences? Offshore Company Formation and Maintenance. How to set up an offshore bank account: A step-by-step guide.
7 minutes to understand Belize Limited Liability Company (LLC) A General Guide To Doing business in Belize for 2020. How to Set Up a company in Hong Kong: a Step-by-Step Guide. Seychelles offshore company formation. Hong Kong offshore company formation. The BVI Business Company: Key things offshore seekers should know. BVI offshore company formation. From A to Z: Belize international business company (IBC) Belize Offshore Company Formation Service. Public library - bbcincorp - Diigo.
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