Category Archives: Bvi Company
Should i Set Up Hong Kong or Bvi Company?
There are different pros and cons for setting up a hong kong company with setting up a BVI company. As each client’s situation and requirement is different case by case. Client is suggested to seek professional advice before processing.
| Hong Kong Company | BVI Company | |
| Taxation | Corporate profts tax rate is 16.5% in average for business operated in hong kong. | Easier to get tax exemption if the business is operated offshore. |
| Bank account opening | Easier to open company bank account even for foreigners | More requirements.documentations and proofs are needed to open company bank account. |
| Pricacy protection | Relatively low level of privacy protection as the registration is open for public search | Easier to achieve anonymity & privacy protection as the registration is not open for public search. |
| Enter into china market | Hong kong company setup could be a better choice if you plan to set up a company or rep office in china later. | Not a very preferred entity as certain restrictions might apply. Also, you could not enjoy CEPA benefits. |
| Discontinuance of business | Required to follow deregistration procedures. Generally the whole process will take around 6-9 months. | Easier process to close down the company.
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