PROFIT LUCK BUSINESS CONSULTANCY LIMITED

Oversea Company Formation

We can incorporate a company for you in either overseas jurisdictions such as British Virgin Island, Samoa and Seychelles. We will set up a corporate entity for you quickly, giving you the best advice on how to structure the business.

Usage of Overseas Companies:

i.	Investment Holding purpose: An Overseas company can be used to hold investment items such as cash, stocks, bonds and other investment products.
ii.	Property Holding purpose: An overseas company can be used to hold property and property rights to avoid capital gain tax on property when it is sold. The sale of property can be arranged by transferring the share(s) in the company and stamp duty is thus saved.
iii.	Professional Service Company: Individual engaged in providing services in entertainment and consultancy can achieve considerable tax saving via an overseas company.

Comparison of HK Company and Overseas Company in the purpose and benefit:

	Hong Kong Company	Overseas Company
Business Image	Better	Less good
Risk Reduction	Same	Same
Acceptable for customer	More acceptable by customer and client as registration is open for public search	Less acceptable by customer and client as registration is not open for public search.
Tax	Profit tax rate 16.5% (currently) but exempted for profit not deriving from Hong Kong	No tax in hom ecountry if there is no business carried out there; but may stilled be subjected ti tax of the country where the business is carried out.
Asset holding	Asset transfer can be achieved by share transfer Has to pay stamp duty for share transfer Updated financial statements may be required for share transfer	Asset transfer can be achieved by share transfer No stamp duty and no financial statement is required for share transfer.
Bank account opening	Easier and less requirement even for non-Hong Kong resident.	More requirement including: 1.Personal banker’s reference letter of directors should be required 2. Disclosure of beneficiary owner(s). (Letter of incumbency may be required.) 3. A statement showing the purpose of opening the account(s).

We will provide Registered Agent and Corresponding address for the companies in the respective jurisdiction. For more detail information, please feel free to Contact UsContact Us!