Opening the Gates to Asia’s International City
Hong Kong has a long history as one of the world’s most important trading centres. As a Special Administrative Region of China, Hong Kong continues to offer plentiful opportunities for foreign investment and room for sustained growth. Its established legal and administrative bodies and simple tax regime is coupled with a world-class banking system and easy access to major financial hubs in the region. These factors make it an ideal location for your company’s headquarters in Asia, as well as offering a strategic springboard into the Chinese market.
Nestled in the heart of Asia, Hong Kong is only a brief 5-hour flight from most major cities in Mainland China; half the world’s population and one of the fastest-growing markets is only a 5-hour flight away. Our international airport counts as among the busiest in the region, with direct flights to over 180 international destinations worldwide including 44 major cities in China.
Gateway to China
For the past 150 years, Hong Kong has served as the preferred gateway into China. Its advanced infrastructure, unique geographical location between the East and West and great industrial spirit has firmly established it as Asia’s leading commercial, financial, legal and logistics centre. As China opens its trade to the world, Hong Kong’s natural position as the gateway into this thriving market cannot be underestimated. Not only does the HKSAR have the advantage of long-term experience trading with China, it is also culturally and linguistically compatible in a way few other trading hubs can boast of.
Setting up a company in Hong Kong is fast and easy and provides an ideal vehicle for further expansion in the region. Among the many benefits of using a Hong Kong company as a key to investment in China is that companies in the region receive preferential tax treatment under the current CEPA (“Closer Economic Partnership Arrangement“) regime between China and Hong Kong. In addition, Chinese is the official language of law in Hong Kong as well as in Mainland China, offering a practical advantage for foreign investors negotiating this dynamic new market.
Apart from its strategic relationship with China, Hong Kong has also entered into various Double Tax Treaties with over 53 countries worldwide, allowing for great tax incentives in Hong Kong as a hub for conducting international trade within Asia.
Our advisory services combine our network in Hong Kong and China and provide customised, pertinent solutions that will enable you to establish your business quickly and efficiently in Hong Kong with a view into China. At Fung, Yu & Co., we are committed to providing the level and scope of services of an international firm with the personalised attention and care of a smaller firm. We welcome you to contact us and learn more about how we can tailor our services based on your company’s needs and future expansion plans in the region.
Paving the Way to Prosperous New Beginnings in the Mainland
Lured by the rapid expansion of China’s flourishing foreign investment environment, companies all over the world seek entrance into this promising emerging market. China is the fastest-growing economy in the world, with an average annual GDP growth rate of over 7%. Its economy is the second largest in the world after the United States. Gaining a stake in the Mainland offers access to a potential customer base in the most populous nation on Earth – home to over a billion people. However, while it is clear that great opportunities abound for businesses to invest in China, the nation’s complex financial environment, complicated laws and administrative regulations and unfamiliar operating environment may seem forbidding to companies entering the region for the first time.
We open doors for you in this challenging new market.
Our firm has assisted various local and multinational companies from Hong Kong and abroad in setting up their presences in the Mainland, and we possess the experience and expertise to assist in their on-going statutory compliance and needed maintenance. Our dedicated teams of advisors are fluent in English, French, Mandarin and well-versed in Chinese business and taxation requirements. As a one-stop provider of accounting and corporate solutions in Hong Kong and China, we are fully capable of offering all the help you need to get your business started under one roof. Your organization will be consistently served by a single team throughout its operations in the region – with no middlemen or confusing sub-contractors. We are well equipped to assist you in:
- Setting up Representative Offices, Sino-Foreign Joint Venture (JV) or Wholly Foreign Owned Enterprises (WFOE) in China
- Provide due diligence for mergers and acquisition projects in China
- Consult on a wide variety of other cross border transactions, including tax advice and accounting, audits and other professional support.
Dedication Makes Us Better
Acting as a company secretary for a listed company requires expertise that is vastly different from acting as a company secretary for private companies and is a highly specialized service only provided by very few professional services providers in Hong Kong. We have a dedicated team led by experienced Chartered Secretary to serve clients listed on the Hong Kong Stock Exchange. We offer a ‘one-stop’ compliance service package to listed companies based in Hong Kong, Mainland China and other overseas countries. Our basic company secretarial services for listed companies include:
- Acting in the capacity of Company Secretary and/or Authorized Representative,
- Providing our office address as the company’s principal place of business in Hong Kong,
- Liaising with the company’s share registrar in Hong Kong and preparing monthly returns,
- Assisting the company in the publication of corporate financial results (interim and final),
- Advising on corporate governance frameworks and related practices in compliance with regulatory requirements,
- Advising on procedures in relation to meetings, voting, chairman scripts and investor relationships,
- Drafting of various circulars and announcements.
Besides working with a dedicated team of experienced professionals, outsourcing the company secretarial work of a listed company is also cost-saving. We are confident that with our ample experience in this area and our high standard of service, we are fully able to assist you.
Feel free to contact us and see how we can help you to improve!