Developing News – Hong Kong Banking May Get Easier & Tax Reductions For SMEs

Michael MicheliniBanking, Blog, Corporate4 Comments

I’ve never been so excited – after years of frustration – I remember back in March 2016 as this banking nightmare started – seems Hong Kong regulators are loosening up. And developing news that the Hong Kong banking system may ease up with not requiring local HK residential address proof, combined with tax reductions from 16.5 to 8.25% if profit … Read More

How To Get Declined For Your HK Bank Application

Michael MicheliniBanking, Blog, Corporate3 Comments

Want to get declined for your bank account application in Hong Kong? Then you’re in the right place! Of course you don’t want to get rejected when applying for your Hong Kong business bank account, but today I want to have some fun and give you some tips on how to get a declined HK bank application.

How To Add New Shareholders To Your Hong Kong Company

Michael MicheliniBlog, Corporate, Taxes, Upkeep1 Comment

Business booming for you in Hong Kong? Want to add a new business partner or shareholder to your limited company? This is something that is common in business, and it is an exciting time. But how do you change owners in your business? You may be curious the methods and steps needed – so today is a treat for you. Let’s dig into how to update your shareholders for your Hong Kong business. Read more of adding shareholders in HK.

Using HSBC HK overseas

Michael MicheliniBanking, Blog, Corporate1 Comment

All set with your Hong Kong company and HSBC bank account? Congratulations, it can be quite a feat, especially in today’s rather strict KYC – “Know your Customer” world. So after you have the bank account, you may want to make some changes. This is where it gets a bit complicated, especially if you are living and working outside of Hong Kong. Learn some tips on using HSBC HK overseas.

Setting Up a Business in Labuan

Michael MicheliniBlog, Corporate, Incorporation0 Comments

Setting up an offshore company can be a complicated process, but also a terrific idea if you want to reduce your tax burden. Little known to many of us is this thriving tax haven in Asia called Labuan. Find out more about labuan incorporation.