Ten foreign trade companies and nine Hong Kong companies

Hong Kong Companies’ Assistance to Foreign Trade Hong Kong companies do not need to employ staff in the office space in the process of engaging in foreign trade business, which is very helpful for the initial start-up of foreign trade. At the same time, Hong Kong companies’ help in foreign trade business is also reflected in the following aspects:

Ten foreign trade companies and nine Hong Kong companies
Ten foreign trade companies and nine Hong Kong companies

1. Hong Kong companies tax returns Hong Kong companies generally file tax returns for the first time 18 months after their establishment and once a year. There are fewer taxes and the tax rate is low. The main tax category is profits tax (16.5%). Companies apply the principle of taxation from regional sources, that is, profits are no longer generated in Hong Kong and profits come from overseas. They can apply for exemption from profits tax, which can achieve the effect of tax relief for foreign trade enterprises.

2. Hong Kong’s entrepot trade The main purpose of Hong Kong companies’ assistance to foreign trade is to reduce the tax cost of the companies through entrepot trade and accelerate the accumulation of enterprise capital.

This is mainly to use the principle of tax collection from the source of Hong Kong companies, to conduct entrepot trade through Hong Kong companies, and to intercept overseas profits in HongKong accounts, so as to greatly reduce the tax cost of enterprises in the transaction process and further achieve the purpose of improving the income of enterprises.

It is these factors that lead mainland enterprises to do foreign trade in the mainland but register their companies in Hong Kong. In fact, Hong Kong companies are not only helpful in the above aspects, but also widely used in the fields of building international brands, listing overseas immigrants, international investment, return investment and so on, helping some foreign trade soho registered Hong Kong companies to do Alibaba International Station, which is praised by the industry as a powerful springboard for enterprises to enter the world and the international market.
Advantages of Hong Kong Companies over Mainland Companies Domestic companies are certainly familiar to everyone. We can find the advantages of Hong Kong companies by comparing Hong Kong companies with mainland companies.

1. Company funds The registered capital of a Hong Kong company does not need to be verified. The minimum amount is 10,000 Hong Kong dollars. It only represents the economic responsibility of shareholders. However, the registered capital of mainland foreign trade companies needs to be verified in place. If you want to register a company with import and export rights, then 1 million registered capital is a very high requirement.

2. Office space for Hong Kong companies After registration, Hong Kong companies may not work in Hong Kong on the spot and do not need to rent office space. Mainland companies, on the other hand, must have offices in commercial buildings, especially import and export companies, which the government has to inspect several times a year. Rent is another big problem.

3. Hong Kong companies employ employees After the Hong Kong company is registered, because you do not have to work in Hong Kong on the spot, of course you can also not employ employees, even if it is SOHO home office, you can directly use Hong Kong company to receive orders and collect money. The employment problem of mainland companies after renting OFFICE is a very important cost.

4. Hong Kong company accounts Hong Kong companies belong to overseas companies, so the accounts opened are overseas accounts, which are not subject to mainland foreign exchange control. They can freely manage the inflow and outflow of funds and receive payment from overseas guests. Foreign currency in the accounts can be transferred to domestic and overseas enterprises and individual accounts at will. The biggest difference between the accounts of mainland companies is that they cannot directly accept foreign currencies and can open OSA accounts with banks. However, OSA accounts are still subject to bank supervision in China, which has certain restrictions on foreign currencies and is inconvenient to operate.

There are many foreign trade entrepreneurs who are short of funds at the beginning, have high costs of registering mainland companies, and are not as practical as Hong Kong companies. If you want to make a sudden appearance in the foreign trade (including cross-border e-commerce), you might as well consider registering a Hong Kong company and taking Hong Kong as a stronghold to fight in the world.

 

Original Artical,Author:China Trade Agent,if repost,please give references :https://offers-bg.com/hong-kong-companies/

Like (1)
Previous November 12, 2019 4:56 pm
Next November 12, 2019 5:06 pm

Relevant Recommendation

  • In the first three quarters, Foshan’s import and export reached 362.6 billion yuan, with private enterprises contributing more than 60% of its total foreign trade

    On the 25th. October 2019, the reporter learned from Foshan Customs that in the first three quarters of this year, Foshan’s total foreign trade import and export value was 362.6 billion yuan, up 4.8% from the same period last year. Among them, the total value of Foshan’s foreign trade in September was 44.48 billion yuan, up 21.5%. From the perspective of foreign trade formats, the general trade toughness has further shown, and emerging trade formats have increased significantly. In the first three quarters, Foshan imported and exported 1936.33 billion yuan in general trade, up 6%, accounting for 53.4% of Foshan’s total foreign trade value in the same period. It is noteworthy that new trade formats are developing rapidly, with imports and exports of 5.02 billion yuan through cross-border e-commerce trade, up 88.5%. Private enterprises are still the main force in Foshan’s foreign trade. In the first three quarters of foreign trade import and export, the proportion of private enterprises further expanded, and the endogenous power continuously increased. Data show that from January to September, the import and export of private…

    November 9, 2019
    1.0K0
  • Is it really difficult to do foreign trade now?

    Let me tell you a story. It is not a story either, because it is my own experience, but in my opinion it is representative. Recently, I was inquiring for a product, and it took me 12 days to push the price up, and the price was twice that of my peers. The price of the identical product, which is 1688, was 26 yuan in the domestic trade department of their company. But through Ali International Station, they were asked by the foreign trade department for an inquiry, and the price they got was 8.50 US dollars. Moreover, this foreign trade salesman did not quote FOB, and still gave me an EXW price when I specifically asked for FOB price. What’s the use? After this incident, I was feeling that the differences in individual abilities are really different. Even the difference of thinking is a long distance. 01. A tiring inquiry Let me tell you the whole story. I posted my original mail, leaving behind the product and company information. Let’s take a look: Dear Kerry, My name is Timothy….

    November 9, 2019
    9370
  • This is the key to whether foreign trader Google is used well or not

    Google search for customers is not a skill, but your thinking. Here, thinking is the first. Many foreign trade people Google does not work well because they have formed a mindset. I can’t open my mind, but I can’t work hard with tools. 01 questions from trainees Sam, hello! I would like to ask: Using Google to search for customers, on the premise that there is no problem in keyword matching, is the biggest factor affecting the search effect the setting of customer websites?In other words, taking your products as an example, we know from the customs data that most of the top 20 trading countries are developed countries. These local networks are developed and the information is transparent. Customers will also optimize some websites, so it will be easier to get corresponding customers through Google.If most of the top 20 countries are Asian, African and Latin American countries, customers in these countries may not pay enough attention to website construction and do not know what internet marketing is. Google search is not very effective in this situation. Because the…

    November 9, 2019
    9120
  • Foreign Traders Pay Attention to National Buyers’ Festival Reminders in November

    4th. November In 2005, People’s Solidarity Day was officially designated as a national holiday to commemorate 1612 Russian citizen Kuzma? Minn and Dmitry? Archduke Pozharski led the Russian militia to resist foreign invasion and liberate Moscow from the Polish army. This is the “youngest” festival in Russia. 10th. November The holy day, Eid al-fitr and Eid al-adha are also known as the three major festivals of Muslims around the world. they commemorate the birth and death of Muhammad, the founder of Islam. they are the 12th of March in the Islamic calendar and the 10th of November in the Gregorian calendar this year. November 11th. Every year after the middle of October, many people in Britain wear a small red flower on their chests or fasten it to the front of private cars. November 11 every year is the memorial day of commonwealth countries. not only does the queen lead all walks of life and veterans of the country to lay wreaths on the fallen soldiers, but all parts of Britain hold ceremonies to commemorate all the British soldiers killed…

    November 9, 2019
    9620
  • In the first three quarters, Tibet’s foreign trade increased strongly in Xigaze

    China’s Tibet News reporter learned from Lhasa Customs that the total value of Tibet Autonomous Region’s foreign trade imports and exports in the first three quarters of 2019 was 3.061 billion yuan. Among them, the total value of foreign trade import and export in Xigaze City of Tibet Autonomous Region was 312 million yuan, accounting for 10.2% of the total value of import and export in the whole region during the same period. It was 2.4 times higher than that in Lhasa, ranking first among the seven cities (regions) in Tibet Autonomous Region. The picture shows the first freight vehicle passing through China-Nepal Friendship Bridge on May 29, 2019. The picture shows Nieramu Customs officers on duty at the joint inspection site at the port. According to the person-in-charge of the Lhasa Customs Integrated Services Office, in the first three quarters, there were three bright spots in Xigaze’s foreign trade. First, the total value of trade between border residents in the city was 159 million yuan, up 2.9 times. Small border trade amounted to 149 million yuan, an increase of…

    November 9, 2019
    9510
  • What are some tips for foreign trade enterprises to participate in various exhibitions?

    I. Details of Pre-exhibition Work No matter what we do, we will not fight unprepared battles. Before we take part in the exhibition, we need to do the following work: 1. Notify new and old customers to participate in the exhibition Contact your new and old customers one by one and inform them to come to the exhibition. Can improve the relationship with customers, show their strength, can also introduce their new products to new and old customers. 2. Contact with strange customers Before each exhibition, we need to find out our unknown potential customers three to four months in advance and invite them to participate in the exhibition. Due to the distrust of strangers, we invite each other to participate in the exhibition three or four months in advance. During this period, we can pass on our product advantages, company advantages, help customers solve problems, etc., so that customers can have initial trust in you, and then invite them to participate in the exhibition, which can further promote the transaction. 3. Understand the advantages of the exhibition and the…

    November 12, 2019
    9620
  • N95/KN95 Masks Air Purifying Dust Pollution Vented Respirator Face Mask Mouth Masks

    N95/KN95 Masks Air Purifying Dust Pollution Vented Respirator Face Mask Mouth Masks In Stock Mask Packaging 5 PCS (+$15.00) 10 PCS (+$25.00) 20 PCS (+$35.00) Description for Product : Length: 5.9inch/15cm    Width: 5.1inch/13cm    Height: 1.2inch/3cm  Weight: 0.9oz/25g The United States and Canada:Arrival in  about 5-8 Business Days Introductions: Cover the nose and mouth and hang the ear straps on both sides of the mask on the ear; Fix the bridge of the nose in a nose to prevent dirty air from entering; Pull the mask to the lower jaw to create a three-dimensional breathing space. Best wear time is 8 hours. Widely used in the hospitals, restaurants, beauty salons, nail shops, pet shops gray sky, fog weather, and cleaning as well as other environments that require respiration. Features:1. Disposable KN95 masks, breathable, anti-dust, sanitary and convenient for using2. 95% filtration, a 360-degree three dimensional breathing space, provide anti-bacterial and anti-dust protection for you3. Made of high quality material, safe, soft and comfortable, reduce skin irritation4. High elastic rubber band, absorb sweat and not tight5. Folding thin section, lightweight…

    March 24, 2020
    2.0K0
  • What are the requirements for individuals to engage in foreign trade SOHO

    When it comes to foreign trade SOHO, people who are engaged in foreign trade must be familiar with it. Seeing people stay at home and work everyday, their income is still very rich, which makes many people who still work in foreign trade envious. Now let’s talk about what qualifications an individual needs to have in order to engage in foreign trade SOHO: First. In order to engage in SOHO, one needs experience, contacts and customers, which are indispensable. Therefore, it is suggested that friends who want to engage in foreign trade SOHO should not envy the objective income of foreign trade SOHO first, but should be really patient and wait for a few years in foreign trade enterprises. Because you can gain experience in foreign trade enterprises, for example, what should you do if the goods are detained by the customs? How to deal with customers in different countries in different ways, which countries or regions need to purchase war insurance or strike insurance, and so on, these valuable experiences are a great wealth for each of you to…

    November 9, 2019
    9680
  • Foreign trade formats and market structure were continuously optimized: the import and export in the first three quarters was 185.94 billion RMB

    Recently, the reporter learned from Nantong Customs that in the first three quarters, our city’s total foreign trade import and export value was 185.94 billion yuan, ranking fourth in Jiangsu Province, accounting for 5.8% of the province’s total import and export value. Among them, exports totaled 125.38 billion yuan, up 1.5%. Behind the data, there is a feature of continuous optimization of foreign trade formats and market structure. Data show that in the first three months, the general trade toughness with relatively higher added value and more self-development ability was further revealed, with imports and exports reaching 133.3 billion yuan, accounting for 71.7% of the total value of imports and exports. Emerging trade formats such as market procurement and cross-border e-commerce continued to grow steadily. Judging from the market structure, the process of diversification of trading partners continues to advance. The biggest bright spot is the obvious growth trend towards ASEAN and the countries along the “the belt and road initiative”, with import and export of 25.53 billion yuan and 59.14 billion yuan respectively, up 5.6% and 7.3% respectively, both…

    November 9, 2019
    1.1K0
  • As the year-end peak season approaches, what should foreign trade websites do for holiday marketing?

    According to foreign reports, “Black Friday” has been completely defeated by “Super Saturday” (Saturday before Christmas) in recent years. Foreign friends like shopping at Christmas very much, not only because it is an important festival, but also because many shops will be decorated with Christmas ornaments during this time to enhance the Christmas atmosphere and increase customers’ shopping desire. Today’s editorial takes “Super Saturday” as an example to share several effective sales promotion techniques of festival marketing on foreign trade websites. Tip 1: Create a Christmas special! If your promotion landing page is still the original website page at Christmas, there will be no atmosphere. But the cost of building a website solely for Christmas is too high. The editor here suggested to use special pages to make a special Christmas sale. In fact, UEESHOP system provides one-click selection of holiday promotion templates. As long as you touch your finger, you can set up a special page with rich festive atmosphere. Abandoning programmers is not a dream. Skill 2: New on Advertising Chart If it is a brand-name foreign trade…

    November 9, 2019
    9790