Hong Kong

Oct 20 2011

Offices around the world vs. Marketing strategy

A few days ago, we had very interesting phone call from our customer based in France requesting on incorporation in Hong Kong, Nevada (USA) and UK.

We had spoken about the incorporation process and the price policy after a few minutes of discussion, he was claiming that he will use this jurisdictions as good and cheap marketing strategy.

It’s actually smart strategy if you realize that you can use this companies as point (hub) being closer to your customer! Your customers will definitely appreciate if you will have an entity closer to them, you might later benefit from tax advantages and many others as well. Nowadays, it’s not difficult to open up a company in several jurisdiction without travelling.

For company formation in Hong Kong, Nevada (USA) or UK, please visit our website. This can be done really into a few days with a low budget.

By Jakub Vele • Hong Kong, United Kingdom, USA • 0 • Tags: Hong Kong, United Kingdom, USA

Sep 29 2011

Android developers – Where to register company?

As Android application developer you might wonder in which country you should have registered company in order to get paid. Google has published a list of
countries where you should have registered company in order to be able to sell your application. If you are from e.g. India, China or Poland, you should consider where to open up a company!

Startupr can help you with company formation in (Google Checkout merchant countries):

– Hong Kong
– Ireland
– Singapore
– USA
– UK

By Jakub Vele • Hong Kong, Ireland, Singapore, United Kingdom, USA • 0 • Tags: Hong Kong, Ireland, Singapore, United Kingdom, USA

Sep 28 2011

3rd registered company in Hong Kong will get a bonus of 50 US$

Hello to all of you, we have come up with an idea to reward 3rd company applying for a company registered in Hong Kong.

Only for company registration in Hong Kong!

By Jakub Vele • Hong Kong • 0 • Tags: Hong Kong

Sep 6 2011

Hong Kong – bank account opening

Past a few days, we have been receiving an emails in regards whether we are able to open up a bank account without yours present in Hong Kong HSBC.
The answer is yes/no. Our clients were referring to the other incorporation porviders which claim that they can do it. According to HK law there is no way to avoid a duty of being present once opening the business bank account with any bank in Hong Kong.

yes/no

NO
Here is the statement from HSBC commercial center: “Please be advised that face to face meeting with the director(s) or ultimate beneficiary owner(s) of the applicant company is/are required for HK account opening”.

YES
you can open up a business bank account without being in Hong Kong however you need to visit the nearest HSBC business center in order to sign and verify documents. For that purpose please contact us and we will discuss this possibility with HSBC relationship manager who will provide us with relevant information.

Yours Startupr!

By Jakub Vele • Hong Kong, Offshore Banking • 1 • Tags: Hong Kong, Offshore Banking

Aug 29 2011

Starting UP in Singapore

In Asia is a lot of opportunities for Small and Medium Enterprises to expand a current business model. There are actually 2 locations where you can start your
business! Singapore and Hong Kong! A few reasons why you should start with your business model in Singapore:

Pro-business environment

There is no better choice to start your Asian company than in Singapore! One of the most business friendly climate in Asia. General information you can find here. Set up fee, government fee and the whole process is smooth! Company might be opened into a few days upon receiving the funds. You start invoicing your Asian partners or simply use our address as a branch office. There are not difficult yearly requirements e.g. monthly reporting or difficult business registration and burdens from Singapore government. Hong Kong and Singapore have been ranked past 3 years among 5 most efficient cities (countries) on the world by many internationals ranking agencies! Singapore is ranked 5th in the world and 1st in Asia for having the least corruption in its economy. Singapore is among the top 3 in foreign trade and investment.

Attractive tax regime

You can refer to SINGAPORE – Tax Exemption Compnay – Startup

Strategic location

Singapore lies at the center of a major sea route connecting the Far East to Asia, Europe, and the Middle East, which gives the country its strategic importance.

land area of 637.5 square kilometers (247 square miles), but no land boundaries, and its total coastline is 193 kilometers (120 miles).

Singapore Exchange

Singapore is the international capital market in Asia for the listing and trading of bonds and equities. It is also an internationally recognised fund management centre which provides ready funding support for the growth of international companies seeking to raise capital in Singapore.

Think about to expand your business to Asia and start the company just in Singapore!

By Jakub Vele • Hong Kong, Singapore • 0 • Tags: Hong Kong, Singapore

Aug 22 2011

Going public? IPO in Hong Kong

There is a lot of law firms offering the IPO ( Initial Public Offering) assistance, however once you decide to go public be aware that to be listed at the stock it doesn’t qualify you as a successful company admiring by thousands of investors and on the end efficiently traded! Before you go public pay attention to the company who will secure your marketing and awareness among investors. It’s totally the same what you do now in order to be successful in your business model you have to know how to sell with listed shares is the same! Yours company might be well known between competitors and customers using the particular service however between investors it’s just another company coming to raise a capital! Marketing, marketing and again marketing! The process of coming public it’s simple standard procedure how to gain public money and use it for further company development. Law firms are mostly rigid and don’t bring any innovative solution how to sell your shares, that’s why you should be concerned about the way how to let know to investors that your company is really the one who should get the attention! There is many regulations governing the release of information by the company or any of its advisers in connection with an IPO so called “Publicity restrictions” – the regulations governing the release of information in connection with an IPO are contained in the Companies Ordinace, the SFO, guidelines issued by the SFC (Securities and Futures Commission), and the Listing Rules.

Lear more on the webpage of Securities and Futures Commission. Click here for Advertising Guidelines Applicable to Collective Investment Schemes Authorized under the Product Codes.

By Jakub Vele • Hong Kong, Incorporation rules • 0 • Tags: Hong Kong, Incorporation rules

Aug 4 2011

Switch your company incorporation service to Startupr

Are you Unhappy with high fees or irresponsible service from your current incorporation / formation provider?

Here are a few examples of our pricing policy:

Hong Kong:
– formation fee – 89USD + government fee – 600USD (since 1st of August 2011)
– registered office fee – 150USD
– company secretary – 150 USD
– annual return (gov fees included) – 60 USD

Note: These fees are mandatory once you are about to open your office in HK.
Read our HK option.

Seychelles:
– formation fee – 89USD + government fee – 100USD
– registered office fee – 389 USD

Note: Here is being consider a government fee as a yearly cost of 100 USD + our fee and registered office fee.
Read our Sey option.

Singapore:
– formation fee – 89USD + government fee – 270 USD
– registered office fee – 169USD
– company secretary – 550 USD
– local director 2000 USD

Note: SG address, local director and secretary are necessary in order to incorporate your company.
Read our SG option.

We do charge you for the service you order. NO hidden cost or additional charges. We are open with our pricing policy. Just open our order list where you want to incorporate and compare the structure and explanation text with our competitors. E.g. One of the typical hidden cost is an “annual return” or hire fees for next year of services. We will answer all your questions!

email: tomas[at]startupr.com

By Jakub Vele • Hong Kong, Seychelles, Singapore • 0 • Tags: Hong Kong, Seychelles, Singapore

Jul 25 2011

Why set up a business in Hong Kong for investing in mainland in China?

Hong Kong is ranked as one of the best city for doing business by many ranking agencies. it has one of the most flexible and supportive corporate governance regimes in the world – one of the most easiest way of company formation.

Advantages of entering China via HK

Double Tax Arrangement (DTA) – Comprehensive DTA between China and Hong Kong, entered in August 2006. Hong Kong has gained many benefits, as such reduced withholding tax rates on dividends, interest, royalties and exemption treatment for certain capital gain.

Closer Economic Partnership Arrangement (CEPA) – Free trade agreement concluded between China and Hong Kong on trade and investment.
It provides big opportunity for Hong Kong companies to gain greater access to the Mainland market.

RMB offhshore centre – HK as a bridge between China and the rest of the world. RMB Trade Settlement Scheme adopted in April 2009 to allow eligible enterprises in Shanghai, Shenzhen, Guangzhou and Zhuhai to settle cross-border trade in RMB with trading partners in HK and ASEAN countries.

Startupr is here to help you make a first step. Incorporate with us!

By Jakub Vele • China, Hong Kong • 0 • Tags: China, Hong Kong

Jun 24 2011

What is annual return or list?

Annual list or Annual return is required by local government every year in order to have an overview in regards to additional changes stated under the state ordinance during the year. For some jurisdiction it’s just only way how to keep database updated yearly ( e.g. State of Nevada). For some other jurisdiction it’s obligatory to report every changes rising during the year by some other forms (particularly for every changes you need to fill different form) and additionally the same change report in annual return . These changes are defined as change of address, director, shareholders, business name, business address, shares, company secretary etc.

Hong Kong
– the Annual Return must be filed once in every calendar year (except in the year of its incorporation) within 42 days of the anniversary of the company’s incorporation date.

Nevada
– the Initial List MUST be filed on or before the last day of the first month following incorporation/initial registration. The Annual List MUST be filed by the last day of the anniversary month of the original filing. Example: If the entity filed on Oct. 15, 2002, the list must be filed by Oct. 31 of each year. Postmark date is not accepted as receipt date in the Secretary of State’s office.

It is the responsibility of the directors of the company to ensure that the initial and ongoing compliance requirements are met with.

An annual return must contain the following information:

the name of the company;
its registered number;
the date to which the annual return is made-up (the made-up date);
the principal business activities of the company;
the type of company it is, for example, private or public;
the registered office address of the company;
the address (single alternate inspection location – SAIL) where the company keeps certain company records if not at the registered office, and those records held there;
the details of the company secretary (corporate or individual), where applicable; and
the details of all the company’s directors (corporate or individual).

By Jakub Vele • Hong Kong, Incorporation rules, United Kingdom, USA • 0 • Tags: Hong Kong, Incorporation rules, United Kingdom, USA

Jun 20 2011

Order form Hong Kong Incorporation service – Limited company

Order form in in here.

If you are interesting to open up a company in Hong Kong, please download and fill the document and sent to tomas[at]startupr.com. Should you have any question contact me either.