Hong Kong client case studies

Hong Kong client case studies

  • Mexico hospitality business registers Hong Kong company to trade with China

    Background

    Our Client, Antonio is in the hospitality sector serving as the operations director for a chain of restaurants and a hotel in Mexico. Antonio approached Healy Consultants to assist registering a company in Asia for the purchase of high quality -low cost materials from China including furniture, linens, kitchenware and glassware. The Hong Kong company would purchase these materials from Chinese suppliers and resell them to the hotel.

    Engagement planning

    Healy Consultants initially provided our Client with costs breakdown, timeframe and accounting and tax liabilities to register a new Chinese WFOE in Shenzhen. However, our Client preferred a more tax effective structure that allowed the company to effectively trade with Chinese suppliers. Over a telephone conversation, we agreed with our Client the optimum corporate structure would be a Hong Kong non-resident company. Further our Client mentioned they needed to sign contracts and place purchase order with suppliers almost immediately, consequently Healy Consultants offered the option to purchase a Hong Kong turnkey solution with an already open Hong Kong HSBC multicurrency bank account.

    The fast solution would enable our Client share the company details (Certificate of incorporation and Business Registration Certificate) with suppliers as soon as he settled engagement fees and provided complete due diligence. Healy Consultants advised our Client would only be able to operate the bank account once the bank signatory was officially changed in the bank’s record and this would take between 4 to 7 weeks to process. Our client accepted the engagement timelines and costs and decided to engage Healy Consultants.

    Corporate structure and bank signatory changes

    To change the corporate structure, Healy Consultants prepared and emailed our Client the appropriate share transfer form (Bought and Sold Note), form ND2A for directorship changes and board resolutions with accompanying signing instructions. To change the bank signatory, our Client was required to visit a HSBC branch in Mexico to certify his i) passport ii) proof of address and iii) signature. Once all documents were correctly signed, certified and approved by Healy Consultants via email, our Client couriered originals to our office in Singapore.

    The new bank signatory was approved within 4 weeks, as promised, and in an additional 3 weeks Healy Consultants received the new internet banking token. Healy Consultants then proceeded to change the corporate structure of the readymade Hong Kong company by submitting signed documents and due diligence to the Inland Revenue Department and Companies Registry. Our Client was formally appointed as sole director and shareholder within 1 week. Healy Consultants thereafter submitted the updated company structure information to HSBC bank to update internal records.

    Accounting and tax and engagement completion

    Healy Consultants advised Antonio to keep substantial records of all transactions and accounts for Healy Consultants to efficiently complete Hong Kong government reporting on his behalf in the next taxable period in 2017. The expected documentation includes client and supplier invoices, expenses and disbursements. Healy Consultants further advised Antonio to seek independent legal and tax advice to determine the shareholders, director and beneficial owner personal and corporate tax obligations in Mexico.

    Finally, to complete the engagement, Healy Consultants couriered a company kit to our client including the original Certificate of incorporation, business registration certificate, Memorandum and Articles of Association and original share transfer forms files with the Companies registry. The company kit also included a banking kit comprising the internet banking token, login instructions and original bank correspondence received from HSBC up to date.

  • South Africa's consulting firm turns to Hong Kong turnkey solutions

    Hong Kong company case study

    Background

    Our client, Mr. Michael Kyriakides, who is based in South Africa, runs his successful international consulting firm, specializing in architectural projects, civils, electrical and green energy, solar, bio-energy. He wished to have a Hong Kong company with a ready bank account in order to close a deal immediately in Asian lucrative consulting markets. Having found Healy Consultants business website through Google, he approached Healy Consultants in June 2015. In an e-mail and subsequent telephone conversation with Healy Consultants, Mr. Kyriakides outlined his business strategy, which is to locate in Hong Kong to capture a significant share of the growing demand for engineering consulting.

    Engagement planning

    Given these details, Healy Consultants sent Mr. Kyriakides a detailed cost proposal to purchase a Hong Kong company with a ready bank account. The proposal included a step-by-step engagement overview to ensure that there would be no surprises for Mr. Kyriakides. And based on this proposal, the engagement began with Mr. Kyriakides signing our Client Engagement Letter. In the letter, Mr. Kyriakides outlined his required corporate structure for the Hong Kong Company, with himself acting as sole shareholder and Healy Consultants acting as the nominee director and Hong Kong resident company secretary. Afterwards, Mr. Kyriakides provided Healy Consultants with due diligence and settled our engagement fees.

    Corporate structure change

    Upon receipt of the signed engagement letter, 100% full payment and 75% due diligence documents, Healy Consultants emailed Mr. Kyriakides with the Certificate of Incorporation from the Hong Kong Companies Registry (CR) and the bank account details from the Hong Kong bank immediately. While Mr. Kyriakides visited Hong Kong, Healy Consultants prepared the secretary forms and resolutions regarding the company structure change for Mr. Kyriakides’s signature in our Hong Kong office. On the same day, Healy Consultants arranged a meeting for Mr. Kyriakides with HSBC Hong Kong bank branch. In this meeting, Hong Kong bank captured his signature on signature card. Upon receipt of the signed documents, Healy consultants submitted them to the CR, along with payment for US$550 to cover government registration fees. Five days later, Healy Consultants received a full set of approved corporate documents from the CR, which was forwarded immediately to Mr. Kyriakides. One week after changing company structure, Healy Consultants couriered Mr. Kyriakides the original company kit containing the Certificate of Incorporation, Memorandum and Articles and share certificates.

    Corporate bank signatory change

    Once receiving the signed bank forms and the approved corporate documents from the CR, Healy Consultants submitted the corporate bank account forms and the required corporate documents to the Hong Kong bank. Two weeks after the submission, Healy Consultants received an approval letter for Mr. Kyriakides as a sole signatory of the corporate bank account. The previous bank token and bank signatory were cancelled and removed from this account immediately. In the following two weeks, Mr. Kyriakides received (in sealed envelopes) a new token with internet banking passwords and PIN numbers, a corporate ATM card and PIN numbers. From this moment on, Mr. Kyriakides has become the sole beneficial owner and bank signatory for this Hong Kong company.

    Virtual office services

    To support Mr. Kyriakides’s company, Healy Consultants provides a full Hong Kong virtual office service. This includes telephone answering and mail forwarding service, enabling him to keep in close contact with his Clients and suppliers around the world. This is especially important since Mr. Kyriakides continues driving his international business from South Africa.

    Accounting and tax support

    In early 2016, Healy Consultants will complete our Client’s company accounting, auditing, legal and tax obligations. Healy Consultants will obtain a simple trial balance from our Client, together with email copies of invoices and bank statements. Immediately thereafter, Healy Consultants will prepare an annual report (10-page financial statements) together with supporting notes in compliance with Hong Kong Financial Reporting Standards. The financial statements will be reviewed and approved by Mr. Kyriakides, and submitted to independent Hong Kong auditors. Following receipt of an unqualified audit report, Healy Consultants will courier a complete tax return to Mr. Kyriakides for his signature. Upon return of the same, our Accounting Department will prepare a tax computation, together with supporting tax notes. A complete package will be couriered to the Hong Kong Inland Revenue Department (IRD), who will reply with a tax assessment stating legal tax exemption on corporate profits.

    • Architectural services firm eyes new-generation China projects

      Background

      Hong Kong business servicesOur Client, Aljosja, who is based in the Netherlands, runs an architectural services company which has been involved in some of the most important contemporary construction projects ever completed in Europe. The company specialises in urban and environmental planning, landscape architecture, interior design and related consulting services. Although Aljosja’s company has worked on key projects in the Middle East (notably hotel projects in Dubai and Qatar), he has to date not had the resources to penetrate Asian markets. However, our Client has long recognised the potential of Asian economic growth in recent years, including the regional construction boom. Of particular interest to Aljosja was the high-end, cutting-edge construction sector in China, where growing demand exists for niche architectural services.

      Engagement planning

      Aljosja approached Healy Consultants at the beginning of 2007 to find out how we could turn his regional ambitions into reality. Aidan Healy, managing director of Healy Consultants, convened a telephone conversation with Aljosja to explain the various options available to him to allow him to efficiently conduct business in China, and the legal, tax and accounting implications of doing so. After a detailed consultation, it was decided that a Hong Kong company would best suit Aljosja’s requirements. Hong Kong is an excellent gateway into China (particularly its southern provinces). In addition, setting up a company in China itself is both time consuming (due to the many regulations and licensing requirements) and expensive (given the high initial capital requirements compared to Hong Kong). Aljosja also planned to market his services throughout Asia, and a Hong Kong company would be a more internationally-respected, tax-efficient corporate structure through which to do this.

      Corporate structure

      It was agreed that Aljosja would be sole shareholder and director of the Hong Kong company, and that Healy Consultants would be the Hong Kong resident company secretary. On this basis, Aljosja signed our Client Engagement Letter, settled our engagement fees and provided the due diligence required as part of Healy Consultants’ ‘Know Your Client’ policy. With this achieved within a week, Healy Consultants performed a name search with the Hong Kong Companies Registry (CR), to check whether our Client’s preferred company name was available. We received confirmation two days later, and reserved the name.

      Company incorporation

      On the same day, Healy Consultants prepared pre-incorporation documents, including the memorandum and articles of the proposed company, a statutory declaration by an officer of the company and directors’ and shareholders’ consent. These ere couriered to Aljosja in the Netherlands for his signature, and were returned to our Hong Kong office within one week. Upon receipt of the signed documents, we submitted them to the CR, along with payment for US$350 to cover government registration fees. Five days later, we received an e-mailed Certificate of Incorporation from the CR, which was forwarded immediately to Aljosja. The following day, Healy Consultants filed the Notification of Appointment of First Directors and Secretary, a Letter of Appointment of First Directors and signed consent to act as director to the CR. We also obtained a Business Registration Certificate from the CR. One week after incorporation, Healy Consultants received the original company kit containing the Certificate of Incorporation, Memorandum and Articles and share certificates.

      Corporate banking

      Two weeks after the engagement started, Healy Consultants approached Standard Chartered Bank in Hong Kong to open a multi currency corporate bank account on behalf of Aljosja’s company. Our Client was, at this time, busy supervising an important project in Germany, and was therefore grateful that Healy Consultants was able to assist him to open the account without him needing to visit Hong Kong. We prepared a corporate bank account application form on behalf of Aljosja’s company, in addition to a detailed business plan to accompany the application, explaining the company’s activities and why it required a corporate bank account in Hong Kong. Opening a bank account in Hong Kong is difficult and the banks have strict due diligence requirements. For example, the bank requires proof of existing business (e g contracts or invoices in the name of the company, websites and brochures). Since the Hong Kong company was incorporated just one week prior to account application, this was difficult to generate. However, we found a suitable workaround solution which satisfied the bank’s requirements. Three weeks after submitting the corporate bank account application, Healy Consultants received an account number for Aljosja’s company. In the following two weeks, we also received (in sealed envelopes) the Internet banking passwords and PIN numbers, a corporate ATM card and PIN numbers.

      Virtual office services

      To support Aljosja’s company, Healy Consultants provides a full Hong Kong virtual office service, including telephone answering and mail forwarding services. Since Aljosja remains based in Europe, this service provides him with a vital link to his potential Clients in Asia during their business hours.

      Accounting and tax support

      In early 2008, Healy Consultants completed our Client’s company accounting, auditing, legal and tax obligations. We obtained a simple trial balance from our Client, together with email copies of invoices and bank statements. Immediately thereafter, we prepared an annual report (10-page financial statements) together with supporting notes in compliance with Hong Kong Financial Reporting Standards. The financial statements were reviewed and approved by Aljosja and submitted to independent Hong Kong auditors. Following receipt of an unqualified audit report, Healy Consultants couriered a complete tax return to Aljosja for his signature. Upon return of the same, our Accounting Department prepared a tax computation, together with supporting tax notes. A complete package was couriered to the Hong Kong Inland Revenue Department (IRD), who replied with a tax assessment stating legal tax exemption on corporate profits.

    • Banking recruitment firm enters Hong Kong market

      Background

      Andrew is the managing director of a multinational professional recruitment firm, specialising in locating permanent and temporary staff for some of the world’s leading banks. It is headquartered in Australia and operates in 15 countries in key markets around the world. The company approached Healy Consultants in early 2006 with a remit to expand its ground operations in Asia in response to strong regional growth in financial services. The Client believed the company would be better able to meet its Clients’ needs by setting up a physical base, and on this basis Healy Consultants provided expert advice. Since the bulk of its regional bank Clients are in Singapore or Hong Kong, Andrew preferred to focus on these two financial centres. Furthermore, since rapid economic growth in China was creating soaring demand for private banking services from wealthy Chinese citizens, he believed Hong Kong would be the natural location for the company.

      Engagement planning

      Andrew visited Healy Consultants’ Singapore office in April 2006 to confirm his business strategy and begin the engagement. Healy Consultants’ managing director Aidan Healy had already explained by e-mail to Andrew the tax advantages of being located in Hong Kong, as well as the legal and accounting obligations. However, during the meeting Andrew was able to identify the additional services he would require following company incorporation, and as such total engagement fees were agreed. Andrew signed Healy Consultants Client Engagement Letter, outlining his required Hong Kong corporate structure, with the US branch acting as sole shareholder and Andrew and his US-based colleague Michael as directors. Healy Consultants Hong Kong office would provide company secretary services for the company to meet the statutory requirements of the Hong Kong Companies Ordinance.

      Company incorporation

      Healy Consultants performed a name search with the Hong Kong Companies Registry (CR), and upon confirmation we prepared Hong Kong incorporation forms, including the memorandum and articles of the proposed company, a statutory declaration by an officer of the company and directors’ and shareholders’ consent. These were emailed to Andrew with detailed signing instructions for both his and Michael’s signatures and return to Hong Kong. Time delays between transferring the documents between Andrew in Australia to Michael in the US slowed the engagement. Upon receipt in Hong Kong, however, we submitted the signed documents to the CR, and paid the government registration fee of US$350. Five days later, Healy Consultants received an e-mailed Certificate of Incorporation from the CR, which was forwarded on the same day to Andrew. The next day, we filed the Notification of Appointment of First Directors and Secretary, a Letter of Appointment of First Directors and signed consent to act as director to the CR. Healy Consultants also obtained a Business Registration Certificate from the CR and one week after incorporation of the company, the original company kit containing the Certificate of Incorporation, Memorandum and Articles and share certificates was received by us.

      Corporate banking

      Andrew required a corporate bank account in both US and Hong Kong currencies and with excellent Internet banking facilities. Thanks to our excellent relationship with Hong Kong banks, neither Andrew or Michael were required to travel to Hong Kong to open the account. We completed a corporate bank account application pack, comprising a completed application form, a signed business plan describing the company’s activities and a brief market analysis, and corporate documents. Because Hong Kong banks apply increasingly strict due diligence standards, and since Andrew and Michael who would both be account signatories, it was necessary to support the application with notarised passport copies, bank and lawyers’ reference letters, proof of business (including letters of intent with potential Clients, company brochures and/or a business website). Healy Consultants submitted the application pack to the bank, and attended an interview to explain why the Client’s company required a Hong Kong corporate bank account. Three weeks later, we received an account number. In the following two weeks, we also received (in sealed envelopes) Internet banking passwords and PIN numbers, a corporate ATM card and PIN numbers. With the corporate bank account activated, Andrew was able to start invoicing Clients in Hong Kong.

      Accounting and tax support

      Annually, Healy Consultants efficiently and effectively completes Andrew’s Hong Kong company accounting, auditing, legal and tax obligations. Following the anniversary of company incorporation, Healy Consultants Accounting Department obtains a simple trial balance from our Client, together with email copies of invoices and bank statements. Immediately thereafter, Healy Consultants prepares an annual report (10-page financial statements) together with supporting notes in compliance with Hong Kong Financial Reporting Standards. The financial statements are reviewed and approved by our Client and submitted to independent Hong Kong auditors. Following receipt of an unqualified audit report, Healy Consultants couriers a complete tax return to Andrew for his signature. Upon return of the same, our Accounting Department prepares a tax computation, together with supporting tax notes. A complete package is couriered to the Hong Kong Inland Revenue Department (IRD), who reply within a few months with a tax assessment, usually stating legal tax exemption on corporate profits.

    • Commodities trader relocates to Hong Kong

      Background

      John is a global commodities futures trader specialising in Chinese minerals, including coal and precious metals. He has Clients around the world, including throughout Asia. Previously based in Vancouver, Canada, John wished to relocate to Hong Kong to be closer to some of his major clients, as well as benefit from Hong Kong’s tax advantages. John contacted Healy Consultants in 2006. His objectives were precise – to incorporate a company in Hong Kong which would allow him to conduct tax-efficient global trading; to open a corporate brokerage account with a reputable bank in Asia or internationally to facilitate his trading activities; to obtain a Hong Kong residence permit enabling him to live there, as well as ongoing assistance including help finding an apartment in Hong Kong and tax support for the Hong Kong company.

      Engagement planning

      John visited Healy Consultants’ Hong Kong office in June 2005 to discuss the best way forward for the engagement. Healy Consultants’ managing director Aidan Healy had already provided a detailed cost proposal based on John’s requirements, and it was on this basis that the engagement began with John signing our Client Engagement Letter. In the document, John outlined his required corporate structure for the Hong Kong company, with himself acting as sole shareholder and director and Healy Consultants acting as Hong Kong resident company secretary.

      Company incorporation

      We checked with the Hong Kong Companies Registry (CR) that John’s preferred company name was available, and then prepared Hong Kong incorporation forms, including the memorandum and articles of the proposed company, a statutory declaration by an officer of the company and directors’ and shareholders’ consent. Since John was in Hong Kong, he signed the documents, which we then submitted to the CR, in addition to paying the US$350 government company registration fee. Five days later, Healy Consultants received an e-mailed Certificate of Incorporation from the CR, which was forwarded on the same day to John, now back in Canada. The next day, we filed the Notification of Appointment of First Directors and Secretary, a Letter of Appointment of First Directors and signed consent to act as director to the CR. Healy Consultants also obtained a Business Registration Certificate from the CR and one week after incorporation of the company, the original company kit containing the Certificate of Incorporation, Memorandum and Articles and share certificates was received by us.

      Corporate brokerage account

      John required a corporate brokerage account to enable him to trade on the major Asian stock markets, including in Hong Kong, Singapore, Shanghai, Shenzhen, Tokyo and Australia. Healy Consultants works closely with a major international bank, which provides secure, online brokerage services to international Clients. We advised John in advance of the likely brokerage commissions charged by the bank, as well as any share transfer charges, prior to completing the brokerage account application form. Brokerage account opening was swift, and John was now ready to begin trading on behalf of Clients.

      Corporate bank account

      In addition to the brokerage account, John requested our assistance to open a corporate bank account. Since he was located in Hong Kong, we recommended a Singapore account, thereby ensuring that funds received by the Client’s Hong Kong company would be legitimately tax-exempt. We completed a corporate bank account application pack, comprising a completed application form, a signed business plan describing the company’s activities and a brief market analysis, and corporate documents. Because Singapore banks apply increasingly strict due diligence standards, and since John would be an account signatory, it was necessary to support the application with notarised passport copies, bank and lawyers’ reference letters and a proof of business (including letters of intent with potential Clients, company brochures and/or a business website). Healy Consultants submitted the application pack to the bank, and attended an interview to explain why the Client’s company required a Singapore corporate bank account. Two weeks later, we received an account number. In the following two weeks, we also received (in sealed envelopes) Internet banking passwords and PIN numbers, a corporate ATM card and PIN numbers. With the corporate bank account activated, John was able to start invoicing his international Clients.

      Hong Kong employment visa

      Healy Consultants completed an employment visa application form from the Hong Kong Immigration Department on John’s behalf. Furthermore, we prepared a detailed Business Plan to accompany the application, which detailed the company’s intended activities, its operational and marketing strategy for Hong Kong, as well as a detailed market analysis and financial projections. In the meantime, John located his educational qualifications, as required by the Hong Kong authorities. Visa approval was granted six weeks after the application was submitted.

      Relocation to Hong Kong

      Although John was a regular visitor to Hong Kong, and thus familiar with key points of interest, he required assistance in locating a suitable apartment-cum-office in the city. His preferred location was Deepwater Bay, a district close to the city centre on Hong Kong island. With the assistance of a real estate agent, Healy Consultants showed John a range of suitable properties meeting his specifications and budget, and within one week he had signed a property lease agreement.

      Accounting and tax support

      In 2006 and 2007 Healy Consultants efficiently and effectively completed John’s Hong Kong company accounting, auditing, legal and tax obligations. Following the anniversary of company incorporation, Healy Consultants Accounting Department obtains a simple trial balance from our Client, together with email copies of invoices and bank statements. Immediately thereafter, Healy Consultants prepares an annual report (10-page financial statements) together with supporting notes in compliance with Hong Kong Financial Reporting Standards. The financial statements are reviewed and approved by John and submitted to independent Hong Kong auditors. Following receipt of an unqualified audit report, Healy Consultants couriers a complete tax return to John for his signature. Upon return of the same, Healy Consultants prepares a tax computation, together with supporting tax notes. A complete package is couriered to the Hong Kong Inland Revenue Department (IRD), who reply within a few months with a tax assessment, usually stating legal tax exemption on corporate profits.

    • Steel trader sets up tax-efficient global structure

      Background

      Mr Haasbroek is a successful South Africa-based steel trader who wished to set up a tax-efficient global corporate structure offering improved access to Asia’s lucrative steel markets. He approached Healy Consultants in March 2006, having found our business website through Google. In an e-mail and subsequent telephone conversation with Healy Consultants, Mr Haasbroek outlined his business strategy, at the heart of which was a relocation of his business to a recognised international trading hub in Asia. One of Mr Haasbroek’s prime motives was to improve trading volumes by penetrating the buoyant Chinese steel market. China produces one third of the world’s steel, the majority of which is used to feed rampant demand from the domestic construction industry. The remainder is exported, primarily to the European Union (EU).

      Engagement planning

      Given these factors, it was clear that a Hong Kong company would be the ideal vehicle to fulfill Mr Haasbroek’s international business objectives. In particular, Hong Kong is a tax-efficient international jurisdiction (particularly if the company derives no profits in Hong Kong), is a global trading centre with advanced communications infrastructure, and offers unrivalled access to neighbouring China. Healy Consultants sent Mr Haasbroek a detailed cost proposal to set up the Hong Kong company and open a Singapore corporate bank account (thus enabling the company to legitimately conduct tax-exempt international trading). The proposal included a step-by-step engagement overview to ensure that there would be no surprises for Mr Haasbroek. The engagement started with Mr. Haasbroek confirming the corporate structure (he wished to be the sole shareholder and director, while Healy Consultants would act as the resident company secretary, signing Healy Consultants’ Client Engagement Letter, providing Healy Consultants with due diligence and settling our engagement fees.

      Company incorporation

      Healy Consultants performed a name availability check with the Hong Kong Companies Registry (CR), and this was approved immediately, enabling our team to prepare i) the Memorandum and Articles of Association ii) the standard government form of Statement of Compliance and iii) the consent of director and shareholders. These documents were emailed to Mr Haasbroek for signature and were immediately courier returned to Hong Kong. Upon receipt, Healy Consultants submitted the documents to the CR, and paid the government company registration fee. Five days after submission, we received an e-mailed Certificate of Incorporation confirming that Mr Haasbroek’s company was a legal entity. This was followed by an original Certificate of Incorporation, which was received by post. Healy Consultants then submitted an application form (Form 1(b)), along with a copy of the Certificate of Incorporation and a HKD 2,600 fee, to the Hong Kong Inland Revenue Department (IRD) to obtain a Business Registration Certificate. This was received the following day. With the company now fully incorporated, Healy Consultants staff started post-incorporation procedures. For example, notifications regarding first secretary, director, situation of registered office and consent to act as a director were posted to the CR using standard notification forms. We also couriered to Mr Haasbroek a complete company kit containing the original Certificate of Incorporation; bound, original versions of the Memorandum and Articles of Association; original Business Registration Certificate and original share certificates, as well as receipts confirming the payment of all official fees.

      Corporate banking

      The next task was to open a multi currency Singapore corporate bank account for Mr Haasbroek’s company, without him traveling to Singapore or Hong Kong. Healy Consultants completed a corporate bank account application form, while our Marketing Team prepared a detailed business plan to accompany the application, outlining the company’s activities and why it required a Singapore corporate bank account. The application form and business plan were emailed to South Africa for Mr Haasbroek’s signature and courier return to us. Thereafter, our staff visited the Singapore bank and submitted the bank application pack, together with business plan and required due diligence. Two weeks after submitting the corporate bank account application, Healy Consultants received a corporate bank account number for the company. In the following two weeks, we also received (in sealed envelopes) the Internet banking passwords and PIN numbers, a corporate ATM card and PIN numbers. Immediately thereafter, Healy Consultants dispatched a courier to our Client comprising i) original company documents ii) unopened bank correspondence iii) sealed bank cheque books and internet tokens and iv) a customer feedback survey.

      Virtual office services

      To support Mr Haasbroek’s global operations, Healy Consultants provides a full virtual office in Hong Kong. This includes telephone answering and mail forwarding service, enabling him to keep in close contact with his Clients and suppliers around the world. This is especially important since Mr Haasbroek continues driving his international business from South Africa.

      Accounting and tax support

      Since 2006, Healy Consultants has efficiently and effectively completed Mr Haasbroek’s Hong Kong company accounting, auditing, legal and tax obligations. Following the anniversary of company incorporation, Healy Consultants Accounting Department obtains a simple trial balance from our Client, together with email copies of invoices and bank statements. Immediately thereafter, Healy Consultants prepares an annual report (10-page financial statements) together with supporting notes in compliance with Hong Kong Financial Reporting Standards. The financial statements are reviewed and approved by Mr Haasbroek, and submitted to independent Hong Kong auditors. Following receipt of an unqualified audit report, Healy Consultants couriers a complete tax return to our Client for their signature. Upon return of the same, our Accounting Department prepares a tax computation, together with supporting tax notes. A complete package is couriered to the Hong Kong IRD, who reply within a few months with a tax assessment stating legal tax exemption on corporate profits.

    Contact us

    For additional information on our company registration services in Hong Kong, please email us at email@healyconsultants.com. Alternatively please contact our in-house country expert, Ms. Chrissi Zamora, directly:
    client relationship officer - Chrissi
    hk-register hk-cpa hk-hktdc hk-hkgc hk-invest hk-government Hong Kong Tourism hk-immigration