Unlike many other offshore havens such as BVI, the Seychelles, and Belize, Hong Kong has a well-established and stable economy. This makes it a very safe place to use as the location for your company bank account.

The HSBC corporate account that most companies incorporated in Honk Kong tend to choose, is noted as being one of the best company bank account services in the world. Furthermore, it is also possible to set up personal bank accounts with HSBC in Hong Kong, so it makes paying yourself from your company very inexpensive. Another recommendation would be the DBS corporate account which is comparatively easy to open.

Setting up a new company in Hong Kong is not difficult, especially if you use our HK company registration service. Very limited documentation is needed to process the company formation, you will only need to provide the following:

• The actual company incorporation form.
• A copy of the company’s memorandum and articles of association.
• Details about the company’s registered trading address, for which you may use the Fung, Yu & Co. office address when registering as part of our service.

As the local firm representing you and helping you to set up a Hong Kong company, we can assist with the production of these documents for you.

Although you only need a local registered office to incorporate a company in Hong Kong, there is a good argument for actually having a local virtual office.

A Hong Kong virtual office allows you to receive letters and parcels (which can then be forwarded to a different address, even an international one).

Your Hong Kong virtual office will also be able to take telephone messages for you and receive faxes, which again can be forwarded on.

In effect, you gain all the benefits of having a physical office located in Hong Kong, but at a vastly reduced cost. This is a great way to infer greater credibility upon your newly formed company.