In additional to help global clients for Offshore Company Setup + Business Bank Account, on each yearly basis, we will help clients to file annual documents at Companies Registry of Hong Kong and Hong Kong Registration Certificate Office of Hong Kong, and importantly apply for Tax Exemption Notice from Hong Kong Tax Department. The purpose is to make sure OUR CLIENS can enjoy legal tax free for their global business.
To prevent Money Laundering Practice, all banks over the world will implement initial,annual and special Due Diligence Checks (DDC). Due Diligence checks are the procedure to check clients bank account 1.clients BACKGROUND, 2. TRANACTIONS and 3. Balances. One important DDC is to check whether clients have reported their business to relevant tax authority. You may have experience that the bank suspends your bank account, and ask for bank account REVIEWS, and ask for TAX RECORDS. Tax records are important to proof the businesses are legal and practical. All banks are welcome for clients their businesses are supported with tax records. What if your business cannot support tax records ? Probably your bank accounts could be suspended forever. Tax records are the records, it doesn’t means you need to pay tax. It means you have fulfiled the DDC checks, and have very strong evidence you have legal and practical business records. It is why on each yearly basis, we will help clients to file annual documents at Companies Registry of