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COMPANY FORMATION

Company Formation

We serve our clients’ needs in their international business development and conform to the Hong Kong Company Registry, a Chinese company, or other offshore companies’ requirements more effectively and efficiently. Our company secretarial services department will ensure that all relevant and respective matters are dealt with promptly.

We are well aware of the provisions of the Companies Ordinance, Inland Revenue Ordinance, the Business Registration Ordinance, the Stamp Duty Ordinance, the respective Memorandum and Articles of Association of corporations, the Companies (Winding-up) Rules, the Companies (Forms) Regulations, and other relevant laws, regulations, and rules. Therefore we are able to provide the following services to our clients:

  • Preparation and filing of required statutory documents including annual returns.
  • Maintenance of Statutory records.
  • Organising meetings of directors and shareholders alongside the preparation of minutes.
  • Provision of authorised bank signatory services.
  • Provision of registered office and business address.
  • Provision of nominee director and shareholders services.
  • Preparation and filing of business registration applications.
  • Provision of advice on dissolution, insolvency, liquidation of companies, and related matters.
  • Assist in opening accounts with banks in Hong Kong and overseas.

HONG KONG

Hong Kong is a leading international financial center and a gateway to China. It offers a favorable tax environment for foreign investors, including:

  1. Lower tax rates than other Asian countries.
  2. No tax on profits not sourced from Hong Kong.
  3. No tax on dividends, capital gains, interest income, or estate duty.
  4. No sales tax or VAT.

Starting a business here involves important decisions. We assist with selecting the right business structure—sole proprietorship, partnership, or limited company—and handle all aspects, including business registration, banking, accounting setup, and legal compliance.

For limited companies, formation takes 5-8 days. A “shelf company” can be purchased for immediate business operations. Basic requirements include:

  • Annual returns detailing directors, shareholders, and company structure.
  • At least one shareholder and director (individuals or corporations).
  • A Hong Kong resident as company secretary.
  • An auditor practicing in Hong Kong.
  • Registered office and valid business registration.
  • Annual profits tax and employer’s returns

CHINESE FORMATION

Since 1978, China has rapidly developed its economy, attracting foreign investors. Before entering the Chinese market, understanding the political, legal, economic, and social-cultural landscape is crucial, especially regarding financial and taxation issues. Selecting the right mode of entry is essential for maximizing business value.

Types of Entities for Foreign Investors:

Wholly-Owned Foreign Enterprise (WOFE):

  • Fully owned by foreign investors.
  • Requires registered capital.
  • Can conduct various business activities and repatriate profits.

Representative Office (RO):

  • Ideal for marketing and networking without direct operational activities.
  • Requires no capitalization but cannot issue invoices or receive payments.
  • The parent company must be established for over 2 years.

Joint Venture (JV):

  • Partnership between a foreign company and a local partner.
  • Necessary for certain regulated industries.
  • Profit and risk sharing based on equity contributions.

Falcon can assist clients in incorporating these entities in China. For more information on business requirements, please feel free to contact us.

Offshore Companies – BVI, Marshall Islands, Seychelles, Belize, Anguilla, etc

We offer offshore company formation services in jurisdictions like Belize, the British Virgin Islands, Anguilla, Seychelles, and Samoa. These companies enable clients to conduct business activities, investments, and asset protection while minimizing tax liabilities. In some countries, companies earning income outside their borders may only incur fixed annual fees, resulting in no tax obligations or bookkeeping requirements.

Benefits of Offshore Companies

  • Tax-Free Profits: Profits earned can be utilized at your discretion, depending on your business type and location.
  • Asset Protection: Offshore companies and trusts safeguard wealth against legal claims and confiscation.
  • Confidential Operations: Our services ensure complete confidentiality, allowing entrepreneurs to manage their affairs discreetly.
  • Administrative Support: We handle all necessary administration and banking services, tailoring our support to your needs.

Key Uses of Offshore Companies

  • Consultancy and Professional Services: Self-employed individuals can benefit by operating through offshore companies, enjoying tax advantages.
  • Employment of Expatriates: Expatriates can minimize taxes by being employed through offshore entities, avoiding source deductions.
  • Property Holdings: Offshore holding companies can help avoid inheritance and capital gains taxes, simplifying property transactions.
  • Investment Opportunities: Offshore investment companies allow global investments with potential tax benefits on returns.
  • Intellectual Property: Offshore companies can hold copyrights, patents, and trademarks, potentially reducing withholding taxes on royalties.
  • Privacy Protection: High-net-worth individuals can manage assets discreetly through offshore companies, enhancing privacy.

Protection Strategies

  • Secure assets from predatory litigation with first-position liens.
  • Separate high-risk investments from secure holdings.
  • Shield retirement funds from bankruptcy risks.
  • Facilitate discreet asset transfer to future generations.
  • Utilize nominee directors for anonymity in business dealings.
  • Access funds with corporate debit or credit cards, ensuring confidentiality.