After you've discovered the advantages of the Hong Kong economy and its business environment, you could possibly plan to incorporate a business in Hong Kong directly.
To begin with, Hong Kong is a superb base to incorporate your business and open a bank account. The reason is that the frameworks and tax laws are quite simple and easy, it's easy to use multiple currencies, and you've got an opportunity to attach and do business easily with other Asian countries.
Also, the tax rates are comparatively low and there's no corporation tax on offshore profits, making it an excellent place to work an Ltd. whilst you sit in your home country. However, you would like to think that there are many dishonest agencies out there that just want to form quick profits, and won’t offer you the simplest service you deserve!
Need to check an agency’s honesty and reliability?
Well, you're here since you would like to understand all about the way to choose a Hong Kong agency that's reliable, honest and therefore the right one without ripping you off. Keeping this in mind, you deserve the simplest advice for the proper decisions in choosing the proper professional agency to assist you to open a business in Hong Kong.
Along with this, it's crucial to understand all essential details on what's exactly required for registering a corporation in Hong Kong, in order that you are not getting fooled by a scam agency, knowing what has got to be done to open a business in Hong Kong.
If you attend Google and check for the workplace, you'd find many claiming to assist you to call at the opening and managing a Hong Kong company. While many are honest, there are tons of scammers mixed within the crowd. There also are some agencies that are within the grey zone, which suggests that they'll work as an intermediary for a true agency.
This doesn't mean that they're stealing your money, they're just charging you more and taking a percentage out of it while they hamper the entire process for you with the company in Hong Kong. There are some that do worse, where they could claim about the services that they're ready to offer and once you've paid them with the fees, they might come up with a way of costlier counter offer or adjustment on their prices. These agencies presumably appear tons cheaper than most others, and for obvious reasons.
One trick to seek out out if the agency may be a fake one is by asking if it's possible to open a sole proprietorship for a foreigner in Hong Kong. This is often a less expensive option as compared to Ltd., but it's not open for foreigners anymore (was possible until 2010). If the agency says that it's possible, you've got the hint that something isn't right.
And if you continue to plow ahead to use it, after every week you'd get a message from them stating that the law has just changed, and you'd get an invitation for sending in additional payments in order that they will get the extra paperwork for the corporation.
Do you want this to happen to you? No, right? Well, here are some steps to follow while you select a Hong Kong agency that's honest and not a scammer.
Suppose you probably did the proper research and located three to 5 agencies that would provide you with the company incorporation service in Hong Kong. Ask these questions and if you get positive answers, you ought to consider using them to assist you to begin your company:
This is something very obvious since a corporation that's honest and a true one would spend enough to urge a highly professional look on their website. alongside this, the web site that has everything clear and everything explained properly for the audience to refer from, is really the proper agency for you.
Other than this, would you be ready to communicate if a company doesn’t know English and you do not know Chinese? No, right? Moreover, a corporation with English as the main language with no errors on their website would offer you enough hints that they're genuine ones. Choose this Hong Kong agency as they might be ready to communicate with you easily.
Moreover, you'd not need to miss out on anything or get confused since the communication gap wouldn't exist. Professionalism is the main key within the agency that's genuine and honest.
This answer comes after you've got checked if the web site may be a professional one. Where you'll check an agency’s honesty by browsing the web site and deciding if all the knowledge that's needed to open a corporation in Hong Kong has been shared thereon.
The agency that possesses nothing to cover would share all the knowledge and even break down each process and its costs, in order that you recognize exactly what you're paying for and the way much you're paying for it. Isn’t this what you want?
Well, sorry to mention that a lot of agencies lack during this point where all you get to ascertain on the services page is that the complete package and therefore the total amount you would like to pay. Some even don't offer any prices or explanation and need you to message them with all of your questions. This is often the sort of agency that you simply need to maintain a distance from.
The age of the agency or website isn't always determined at the rock bottom of the online page of that website. Many companies frequently update their layout after a while to remain up so far and a few not in the least. Also, content on the web site is typically updated to allow you to realize the newest laws in order that you've got nothing to miss out on. you ought to choose the Hong Kong agency that does this since they're those that are literally honest and providing the simplest service.
Moreover, if you would like to see the age of the web site, you'll look for the domain age checker on Google to urge a free website that permits you to see the age of the domain. Another popular website that has a lot of use for this is often the Who.is which may be an excellent help to you also.
Do you want to rent a corporation that started a few months ago? I didn’t think so! Nor would the other person do that since they're not reliable unless you've got met these people face to face or know them personally. make sure that the web site is established before you opt to rent them for his or her services. Many of us begin new websites every day, with starting costs as low as $10. So, don't just specialize in the planning of the web site and therefore the content, but also check the agency’s age before hiring them.
Another thing that has got to be checked about the agency is that if they need to share their working telephone number and an email address that you simply get replies from. alongside this, the agency that's not a scammer would happily share their official registered address for those that might want to go to them at some point in your time.
In case you encounter an agency’s website where you're unable to seek out any contact information to succeed in them, then take the hint that this is often a red flag. Also, there are many websites that share just a form on the contact page alongside an email address. watch out for these agencies also. they'll even be acting as a Hong Kong agent, but really located elsewhere within the world, like China. the proper agency would share each detail alongside a legitimate registered address, telephone number, and an email ID.
You should also check the agency’s honesty by calling them up and even sending them an email. Does anyone answer your call and the way is that the English that the person wants to communicate with you? Do your emails recover or go unanswered? An honest agency would attempt to email you sooner instead of later and write an email longer than simply a couple of sentences. These are other points to work out if you ought to choose this Hong Kong agency.
Also, the agency who responds to your emails in 24 hours to 48 hours of time during the working days with knowledgeable English content, you recognize that they're the proper choice for assisting you to register your company in Hong Kong.
Many websites have come up where your MasterCard details are stolen and there are many also who just take your money and vanish into nothingness. the maximum amount because the other points are important, you would like to see the agency about this also.
If they need the SSL secure payment option with them, then they're right. provides it a try where you'd need to pay through your MasterCard. Click on the choice for the payment to succeed on the page where you'd got to fill within the MasterCard details.
Now concentrate on the present. Check the link of the URL at the highest part of the browse to ascertain if you're directed to a protected page by the SSL certificate which starts with – https://. And if the link begins with – http:// you would like to run away as fast as you'll without giving any details.
These websites are those that are there to steal your MasterCard information. Keep an eye fixed open for each detail to form sure that you simply stay safe from the scammers.
Does the corporation have any software or application for his or her clients?
This is a bonus point, but a valuable one. Software on their website not only shows that they're genuine, but also that they invest the cash and time to offer the clients the simplest product. All the main companies out there, like Apple, Amazon, Paypal, Ebay, have software for his or her clients to use and for everything to process smoothly. Imagine if they had to enter everything manually.
An agency that has software or an application in situ allows you to contact them smoothly and for everything to be processed easily. a reliable agency would share all about the services, including the great and bad points, and opening up through every medium possible in order that it can reach the audience.
Therefore, if you see one like this, choose that Hong Kong agency since this bonus point would just offer you a far better guarantee about the quantity you're close to spending through them for registering a corporation in Hong Kong.
These questions can assist you in scent to see an agency’s honesty and reality, but they're still not sufficient. That's why there's a subsequent step shared below.
Suppose that the name of the corporate that you simply are searching is “ABC Incorp Limited,” then attend Google and look for the ABC Incorp Limited scam, or ABC Incorp Limited problems, etc. this is able to assist you to find if there has ever been any scam about the corporation cheating other customers also.
Another option you'll try is ABC Incorp Limited fraud. With this, many options would come up right ahead of you associated with the corporate and if the corporate may be a fraud. Moreover, if there isn’t anything about the corporate online, you'll then make certain that it's an honest agency. you'll then choose this Hong Kong agency for your requirements to open a corporation in Hong Kong. But before you get hasty to settle on that agency, there's one last step that's equally important to work out the genuineness of the agency, which has been mentioned below.
Suppose you've got done the check on the agency as per the steps above and it came out clean. The subsequent step is to contact them and determine everything they provide and their price. While doing so, keep the subsequent points in mind:.
An agency that's a real one would always be able to answer any customer’s queries through the phone calls and even through emails. If the workplace is taking an excessive amount of time to select up your call whenever you call them, that's if you would like to stay calling them again and again before they answer your call, move to the subsequent option.
This is important as your communication and understanding is important plus the proper company would know English properly. This is often important as you would like a workplace that might be ready to communicate within the right way with you in order that you are not misunderstanding anything or losing money thanks to some miscommunication.
Moreover, if English is bad, the communication technology is bad, you're handling an intermediary or not such an excellent company. The agency also could be a scammer trying to tear you off by offering services that they are not skilled to supply also . Stay clear in these cases.
PayPal is now something that a lot of companies use since the payment process is extremely clear and secure. Moreover, for any transactions in PayPal, the entire history remains for an extended time just in case of a misunderstanding regarding the payment.
If the agency is posing for the payment only via Western Union, run away. One, it's obvious that they're not having an official bank account which suggests that they are fake. And two, you'd not be ready to track any transaction made through Western Union, which may leave you with no proof.
To make now much clearer, the rationale why transactions are supposed to be saved is in order that you'll provide payment proof for any troubles which may come up thanks to it. Also, you'll use it against the corporation if they are not providing the services that were alleged to be offered under the package you purchased.
If you email the agency with an inquiry, does one get a response in proper English within 24 to 48 hours and without them urging you to pay as soon as possible?
As mentioned above, proper English may be a must since it not only allows you to realize the genuineness of the agency but is additionally an honest point for you since there wouldn’t be any miscommunications within the future.
Also, check the agency’s genuineness by the language they use and therefore the way of communication. the proper agency would be clear to you about the services, and every one the choices are completely up to you. Some won't follow abreast of your questions, and that they might not attempt to cause you to their customer. This is often since they need enough clients already! Make your choice keeping this in mind also.
Agencies should offer you a correct breakdown of all the services that are offered by them, alongside the prices at each point. With this, you recognize what proportion you're getting to spend and where you'd be spending it.
If the agency just features a package that doesn’t show you an opportunity right down to allow you to realize the services and therefore the costs, ask them for it! just in case, they're not clear about the services, it's better to maneuver on to a different agency.
It is not always essential to only spot the scammer while you select a Hong Kong agency to assist you to incorporate a Hong Kong company. it's also vital to ascertain how efficient the corporate is for you immediately and even for the longer term. Hence, communication skills are among the leading points that need to be seen.
Plus, they also got to be clear about the whole process where they ought to allow you to realize both the great points also like the bad points about the service you're close to using. With all the knowledge shared above, you'll now be clear about what you would like to see in the workplace when choosing one to assist you to begin your business in Hong Kong and to avoid any scammers. take care & choose wisely!