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Incorporate in Hong Kong, name that cheques get made out to


in Hong Kong by @ktran03 6yr  | 3 comments

I currently have a log of cheques form clients written to my name.

Iโ€™m not yet setup as a corporation in Hong Kong, but am thinking about doing so. Will I be able to deposit these cheques from my name into my business bank account?

Also, I wish to continue to receive cheques to my name. Will I be able to deposit them into my business based in Hong Kong?

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As others have replied, no, thatโ€™s not possible. What I would recommend, with precaution, is that you ask your clients to write out the cheques to โ€œCashโ€ meaning anybody who holds the cheque can cash it in, if you really need to deposit the money directly from cheque to your company account and you donโ€™t know what will be the full name of your business.

Another option would be once your money is in your account, simply withdraw the money from your personal account and deposit to the company account, or do a wire transfer, which should be fast if both your personal and company accounts are with the same bank.

Hope this helps!

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Here are my thoughts on Hong Kong companies: http://ustax.bz/want-to-form-a-hong-kong-company-read-this-first/

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@karenchen 6yr

Unfortunately not. You wonโ€™t be able to deposit cheques that are made to your name to a company bank account. You are right to choose Hong Kong to set up your company as I do think it is the best city to incorporate businesses. But please do work with a professional corporate services provider for the company incorporation and management going forward as this means significant operational efficiencies and costs savings. Besides, this provider should also be experienced in facilitating the company bank account application as it is getting increasingly difficult to open bank accounts nowadays. You might also consider opening a personal bank account in HK so that you can deposit cheques that are made to your name.

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What's the best place to incorporate an online business?

 

by @octave 4yr 3 years ago  | 63 comments

I have an commerce website. We get around 1000 orders per month and this is going to get quite a bit bigger in next few years.

I am British. I live in Thailand.
Im not allowed to majority own a Thai business and small foreign entrepreneurs are not really welcome. So i need an offshore company.

I need PayPal and an ecommerce internet merchant account. Also looking at alternatives like worldpay. 2checkout etc

Does PayPal need me to be a resident to the country i register my account to? Are there complications being a non resident to get other payment solutions?

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I really want to avoid paperwork and book keeping. I hate it.

So i was looking at Seychelles, Panama, BVI, Belize.

Does anyone have experience with payment providers in these countries?

Most nomads i see donโ€™t really have a high volume of small monthly transactions which i do. Im going around in circles and donโ€™t know where to start.

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Where should I register my company as a digital nomad? Singapore, Hong Kong?


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Affordable way to incorporate in Singapore?


in Singapore by @pras_k 4yr 3 years ago  | 1 comment

Is there an affordable way to incorporate in Singapore?

I asked an agency and they charge around SG$11000 for the whole package.
Iโ€™d like to find a cheaper option since Iโ€™m just starting out.
Any recommendations?

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Best place to incorporate in Hong Kong


in Hong Kong by @sohantanna 5yr 4 years ago  | 1 comment

Anyone have any suggestions for great incorporation companies who have full services?

Iโ€™m looking for a company who can handle accounting, incorporating and book keeping (online) for Hong Kong.

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Hello guys, I was wondering if anyone had any experience in opening a business bank account in Hong Kong. Iโ€™m getting all the paperwork ready to incorporate in Seychelles and open the bank account but the agency that is helping me says Hong Kong bankers are getting more picky. They are asking me for business โ€˜proofโ€™ since iโ€™ve always ran my sites as an individual I wonder if just proof of payment from ad networks is enough. If you have any advice it would be much welcomed.

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Hello, Iโ€™m thinking about launching a new company in Hong Kong for an international EC business though Iโ€™m not a resident nor have any address, will not live in Hong Kong.
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in Hong Kong by @prof 6yr 5 years ago  | 23 comments

Iโ€™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.

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What's the best location to incorporate an online business?


by @dmftaras 6yr 6 years ago  | 14 comments

Hey nomads,

Iโ€™m looking for the best location to incorporate my online business (offshore programming and so on).

The main requirements:

  • Low cost incorporation/yearly fee
  • Preferred with no audits (or other kind of paperwork)
  • With no local office/secretary/director needed
  • With low or 0% taxes
  • Easy to get paid from US/EU
  • Easy to send payments worldwide ( I can use Transferwise/Stripe or something like that, i donโ€™t care )
  • With corporate credit/debit cards

Iโ€™m only one owner of the company (not EU/US resident).
Iโ€™ve checked jurisdictions like BVI/Belize/Nevis and iโ€™m interested in it. It would be appreciated if you could give me some kind of advice, if you have experience with one of these jurisdictions.

My budget for incorporation < $1500

Thanks!

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Where should I incorporate my business as a digital nomad?


by @ajsnewman 6yr 6 years ago  | 5 comments

Which is your favourite country in the world to incorporate and why?

I have a product that I plan to retail in the EU, Japan, the USA, Canada and New Zealand. Where should I incorporate?

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Hong Kong accounting costs


in Hong Kong by @mapiactravel 6yr 6 years ago  | 1 comment

I am looking into setting up an LTD in Hong Kong.

There would be 2 owners and around 250 invoices per month (no sales in HK).

What would be a realistic annual cost?

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