mxgrn's travels on Nomad List

@mxgrn

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21 Mar '16

4mo

10 Jul '16

10 Jul '16
21 Mar '16

Kiev

7°C

Ukraine

🗯 Forum replies

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Has anybody with a Hong Kong company been through an Offshore Profits claim?

in Hong Kong by @prof | 4yr 3 years ago | 23 comments

I’ve just hit the 18-month mark of business in Hong Kong ready to submit by first Profit Tax Return. I also have the option of filing an Offshore Profits claim.

The Offshore Profits claim itself seems to be a convoluted, long drawn-out process with significant costs to bare in working with a certified CPA to answer Inland Revenue Department questioning.

I’d love it if somebody who has been through this already were able to answer the following questions:

How long did it take for the claim to be accepted or denied?
What was the end result?
How much did the IRD dig into each transaction?
How much did you pay your agent to deal with the offshore claim?

Any insights are much appreciated!

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✨ Recommended destinations

This is an algorithmic recommendation based on @mxgrn's trips history to find places they haven't been to yet that other people with similar travels as them also went and liked.

Lisbon is the next remote work hub of Europe. There's many reasons why I think that: 1) it already has somewhat of a startup/tech scene because of the annual Web Summit conference 2) which means internet is fast, and there's lots of meetups and it's easy to make friends 3) it's relatively affordable for foreigners compared to Spain and the rest of Europe 4) Portuguese people are super friendly, a lot more friendly than in the rest of the Mediterranean and Europe 5) Lisbon is ideal to go on day/w

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety good

Tap to open

🌧 Feels 14° 57° 15° 59°AQI 33

$2,066 / mo

19Mbps

Berlin

Germany

Berlin is overall a great city to be. Food is cheap and everywhere, easy to go out and have fun/meet for business. Rent has crept up but still far better value than where I came from. Internet: 36 EUR/month get me 450/40 mbps (cable -> DOCSIS 3.0) Public transport is 2.70 EUR/ticket. No woman I know has said they felt unsafe. Some really odd, xenophobic sounding comments on here. Biggest downsides IMO: service quality at restaurants - not that people are rude, but they don't seem to particular

⭐️ Overall Score

💵 Cost 🧐 Pricey

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

$3,054 / mo

33Mbps

Barcelona

Spain

During winter is quite safe plus much cheaper. Some nightclubs are free and yet there is still a lot of people. Great por lgbtq+ community.

⭐️ Overall Score

💵 Cost 🙂 Okay

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌥 Feels 12° 54° 13° 56°AQI 36

$2,926 / mo

29Mbps

Prague

Czechia

I visited Prague on more than one occasion and tried something new each time. I really wanted to enjoy it, but unfortunately it turned out to be one of my least favourite cities. Perhaps it was just me, but there was an overwhelming sense of distrust and dislike towards foreigners, you have to try pretty hard to blend in if you want to experience the life of a local & avoid the tourism. I met some wonderful people and and there’s some cool communities to be part of, but another extended stay

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌧 Feels -2° 28° 1° 34°AQI 16

$2,131 / mo

34Mbps

London

United Kingdom

London is a SO beautiful city. The historical center is cute, but also majestic and luxurious. You feel the culture at every step. British people are really kind and welcoming! Plus, more than just one, you can enjoy TWO skylines 😍 so many skyscrapers, nothing beats its collection in Europe.

⭐️ Overall Score

💵 Cost 🧐 Too expensive

📡 Internet 🏎 Fast

😀 Fun great

👮 Safety okay

Tap to open

🌧 Feels 9° 48° 11° 52°AQI 16

$4,116 / mo

19Mbps

Budapest

Hungary

I stayed here for a month in July last year. There's lots of cool aspects to the city but I hated it when I was there. The city has a problem with British stag parties, so if you look like you're a British male and speak English expect to be treated with disdain (it's fair enough) The Hungarians can just generally be unfriendly, especially bartenders. It's a weird experience waiting to be served while 3 people ignore you. Or buying the same drink and getting charged whatever they want (700-1500

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun good

👮 Safety okay

Tap to open

🌫 Feels 1° 34° 2° 36°AQI 54

$1,541 / mo

39Mbps

Tallinn

Estonia

I lived in Tallinn for four months. It's a great city overall. Life quality is excellent with transportations and everything else working excellently. I loved the fact that you can travel to other countries easily and inexpensively (Russia, Finland, Sweden, Latvia, etc.). At the same time, I think the city gets monotonous fast compared to other places where I lived in a similar size. Estonian people don't appear to be very active. It's understandable because most of them are hard-working and out

⭐️ Overall Score

💵 Cost 😙 Affordable

📡 Internet 🏎 Fast

😀 Fun okay

👮 Safety okay

Tap to open

🌥 Feels -9° 16° -4° 25°AQI 24

$2,125 / mo

27Mbps