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Happy Holidays and Best Wishes in 2014

Dear Customers,

We wanted to wish you and your family a relaxing and prosperous holiday season. Looking forward to many great possibilities for 2014 and wishing you a great year ahead.

Have a promising, healthy and fulfilling new year.

your team

In United Kingdom, company limited by shares is the most common form of company for trading and doing business. A company limited by shares has a share capital which is divided into a number of shares of certain value each. Some or all of the shares are then held by investors, which are known as the shareholders of the company. If the company is prosperous and makes good profits, the company will then distribute dividend to the shareholders in accordance with their respective shareholdings. If the company suffers a loss, the shareholders will, at the most, lose all their investment in the shares of the company. In other words, their liabilities are limited to the value of the shares.

The most common ways of establishing a charitable organization in United Kingdom are through the use of:
a) A trust
b) A society established under the Societies Ordinance (Cap 151)
c) A company incorporated under the Companies Ordinance (Cap 32)

A company limited by guarantee is a company which is often used as a device for setting up of a club, association, school or charitable body. The liability of its members is limited to the amount which they agree to contribute to its assets in the event of the company being wound up.


The most popular method for establishing a charity is a Company Limited by Guarantee under the Companies Ordinance of United Kingdom (Cap 32), which allows for greater transparency and legitimacy in establishing a charity in United Kingdom. The draft incorporation documents for a United Kingdom company are submitted at the same time as the application for Section 88 of the Inland Revenue Ordinance Cap 112 tax exemption status to the Inland Revenue Department for pre-approval.

Under United Kingdom law a charity must be established exclusively for charitable purposes and as such must fall into the following categories:

a) Relief of poverty;
b) Advancement of education;
c) Advancement of religion; and

d) Other purposes of a charitable nature beneficial to the community not falling under any of above categories. (For example, this may include charities with the purpose of providing care and protection to animals or for the provision of specific medical purposes such as cancer research.)

IP Seminar: How to protect your R&D by Patent?

As being the supporting organization of the “IP Seminar: How to protect your R&D by Patent?” hosted by Hong Kong Science & Technology Parks Corporation, it is our great honour to help them in promoting this seminar. Please see the programme details as below:


Date 10 December 2013, Tuesday
Time 2:30pm – 5:15pm
Venue Conference Hall 01-02, G/F, Core Building 1, Hong Kong Science Park
n Dr Jasemine C. Chambers, Ph.D., J.D., Wilson Sonsini Goodrich & Rosati
n Mr Andrew Cobden, Consultant, Hogan Lovells
n Mr Peter Colegate, Legal Manager, Hogan Lovells
nMr Melvin Li, Founder and Principal, Melvin Li Intellectual Property Ltd
Target Entrepreneurs, Legal experts, Technology-based companies
Language English
Fee Free of charge
Registration Please register on or before 5 Dec (Thu) to with your company name, first name, surname, job position, tel no. and email address.

Seats are available on first-come-first-served basis.

Doing Business Investment in Cyprus

In our view, there is no straight alternative to Cyprus as a International Trade and Shipping is far too advanced
and flexible. There are other jurisdictions that contain a number of features, but not in full length. One would need
to use several jurisdictions, with several layers of

1. Increase in built area (density)

a) Rural places for golf courses etc. by 10%
b) Tourist Zones (existing 20-40%) by 30%
c) Inhabited district areas by 20%
d) Town areas on main and secondary roads by 20%, 25% or 30%.

Overall 5% addition in density for projects built on renewable energy systems.
Fast track process for securing planning permission, building licence and even provisional permission
that greatly helps investors, developers very greatly for obvious reasons.

2. Free tax re-investment profits from one project to the other for new developments started to be developed from June 2013 to May 2015. It
is expected that his law will be renewed for another two years during this Government’s ruling period.

3. Non-EU Investors for 1-2 houses by €300,000 and over are entitled to Investors for €5 million
and over Cyprus permanent Cyprus residency and EU visa.

4. Quite a number of other incentives and relaxa-tions have already been granted and others are
said to follow. Among those already granted is 100% depreciation on technologies and innovation and 25% of all other assets.

Hello, support entrepreneurs through loans on, it’s a great opportunity you can start with 25 USD, these loans will support entrepreneurs from developing countries!

Hi Tomas!

Yesterday, you had $28.13 in your Kiva account. If you’ve already used those funds to lend to an entrepreneur, way to go!

If you haven’t yet used those funds to make a loan on Kiva – the time is now.

There are so many loans on the website right now that some might not be able to raise the funds they need before they hit the 30-day limit and expire. You could be the turning point before it’s too late.

Check out loans for entrepreneurs starting brand-new businesses, borrowers in rural communities, and business owners living and working in conflict zones.

The money in your Kiva account could change a life – make a loan today!

Best wishes,
The Kiva Team


Hong Kong Profits Tax Return

How you should prepare for the Profit Tax Return for Hong Kong Limited Company.

Normally, HK Tax Authority (“IRD”) will issue a Profits Tax Return (“PTR”) to your company after 18 months from the company’s incorporation date and you are required to file it to IRD within 3 months from the date of issue of the PTR no matter your company is dormant during the said period, i.e. 2nd December 2011 (date of incorporation) to 31st December 2012.


Generally, IRD would demand penalty of HK$1,200 for any company that first time late submission.


In this stage, as 18 months have passed since incorporation of the company, please prepare the following basis information should be provided for our audit purposes:


–          All sales invoices

–          All purchases invoices

–          All expense receipts

–          All bank statements

–          All signed agreements (including tenancy agreements, services agreements, etc.)

–          General ledger and management account (i.e. Trial Balance, Balance Sheet and Income Statement). If this one you cannot provided, we can provide bookkeeping service to handle it.


Please firstly to provide the management account and advise the volume of transactions incurred by the company during the said period, we will provide our quote of services fee to you.

IF you want to register company in Hong Kong, please let us know, we will be happy to assist you!

PayPal account for Hong Kong Limited Company

One of the easiest way how to obtain the merchant account is to subscribe with Papal. How to get the account? Well, first of all you need to register Hong Kong company and receive company documents: M&A, NC1, Biz certificate and Inc certificate. Once you receive all of them, you can set up your PayPal account.

This is our customer advice how to set up PayPal account for HK Limited company:

“Basically the problem was my poa(Proof of Address). It took them one week and a half to explain it.
Because i was supposed to get two small deposits on the bank account to get the vérification but they wouldn’t deposit the money… after a few phone calls and emails, i got directly in touch with a member of the staff and he explained me the problem with the poa. He engaged “manual verification procedures” and gave me an email address where i should send my new poa. Thats what i did and i got the confirmation

It took longer than usual but i got it !”


Set up your company in Hong Kong

You know how it’s if you grow bigger, the customer referral is the best way of letting people know you’re doing good job. One of our customer e-mail us back the conversation over the email. Thanks Vicnes, hope your VoIP business is doing well!

Dear Nadir Ehsan,
Yes, I did work with Mr.Tomas Milar and his response was fast and was really helpful to setup the company. 
I can ensure the recommendation of Mr.Tomas Milar towards your company .


Vicnesvaran Rajamanikkan
Managing Director

We’re responsible to provide quality services and real time response with 24/7 operation.

Here you are , call me anytime you need to:my mobile phone: +60192616671



On Aug 14, 2013, at 11:14 AM, nadir ehsan wrote:
Dear Mr. Rajamanikkan,
You give a testimonial for Tomas Milar at Startupregistry to incorporate a Hong Kong based company in a speedy fashion. I just want to verify that you were indeed happy with the way Tomas and his team helped you set up your company, independently of the testimonial on his website.
I am in a similar position and before I go head with the commitment and transactions I just wanted to be sure.
Kind regards,
Nadir Ehsan

Client testimonials – Suit Up Tailor Limited

Hello to all of you,

Guillaume is one of our customer who has been experienced to get company opened within 24 hours.

“Tomas is really helpful and knows what he is doing. Even with his detailed websites, he is willing to answer all of your questions to get the work done. Fast and premium service for the lowest price on the market ! Excellent

The company was ready within 24 hours as I needed to have the bank account one day leter.”


Suit Up Tailor Limited

Guillaume BAZAN – Corporate

HSBC – Bank account opened at the same day

It’s always great to receive the feed back from our clients on our service:

Hi Tomas,

Thank you very much for your participation in this process. Everything went very good. Bank account is open, I have a debit card, and even the needed device for the internet banking.

I would very much recommend your services to anyone.

If you happen to be in town (central) later today, let me know, I would be more than happy to invite you for a drink or a dinner (if you have time for that of course).

Greetings from France


Streamline Invest Limited | Managing Director