# AsiaBC (Asia Business Centre) — Full Reference > AsiaBC is a Hong Kong-based all-in-one corporate services provider helping SMEs and international investors set up and operate businesses in Hong Kong, Singapore, and other global jurisdictions. Core services: company formation, guaranteed bank account opening, accounting & tax, and ongoing compliance — all available 100% remotely. - **Website**: https://asiabc.co - **Email**: business@asiabc.com.hk - **WhatsApp**: +852 9578 0528 - **Phone**: +852 2110 0908 - **Address**: 8th Floor, China Hong Kong Tower, 8–12 Hennessy Road, Wan Chai, Hong Kong - **Operating hours**: 24/7 chat support; office hours Mon–Fri - **Founded**: 2010+ (15+ years of experience as of 2026) - **Clients served**: 6,000+ enterprises - **Regulatory status**: Licensed Trust or Company Service Provider (TCSP) under Hong Kong's Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO), regulated by the Companies Registry (CR) - **Offices**: Hong Kong (HQ), Singapore, Philippines, Estonia, Turkey --- ## 1. Company Formation ### 1.1 Hong Kong Limited Company **Overview** Hong Kong is one of the world's top business hubs. Incorporation is fast, fully remote, and open to any nationality. No residency requirement for directors or shareholders. **Key facts** - Structure: Private Limited Company (Ltd) is the most common - Minimum: 1 director (natural person, any nationality, 18+), 1 shareholder (can be same person), 1 company secretary (must be HK resident or HK-incorporated entity) - No minimum paid-up capital requirement - Registered office address in Hong Kong required (AsiaBC provides this) - Incorporation timeline: 1 business day via e-Registry (CR's online portal); 3–5 working days for paper submission - First Profits Tax Return issued ~18 months after incorporation; 3-month window to submit with audit report - Financial year-end: commonly 31 March (aligned with HK fiscal year) or 31 December **Documents required from client** - Passport copies of all directors and shareholders - Residential address proof (issued within 3 months) - Proposed company name (subject to CR approval) - Description of business activities **Packages** - Business Booster (company + fintech account): US$1,350 / HK$10,600 — includes incorporation, 1-year company secretary, registered address, government mail forwarding, and one multi-currency FinTech business account - Market Launcher (company + bank account): US$1,750 / HK$13,740 — includes incorporation, 1-year company secretary, registered address, government mail forwarding, one multi-currency FinTech business account, Hong Kong bank account consultation, accounting and tax consultation and business card design. - Apply online in ~15 minutes at: https://pricing.asiabc.co/company-registration/ **Ongoing compliance** - Annual return filing with Companies Registry (CR) - Annual audit by practising Hong Kong Institute of Certified Public Accountants (HKCPA) - Profits Tax return filed with Inland Revenue Department (IRD) - Company secretary renewal **URL**: https://asiabc.co/services/company-registration/hk-with-fintech-account/ --- ### 1.2 Singapore Company Formation **Overview** AsiaBC's Singapore branch (est. 2019) handles Singapore incorporations. Singapore uses a territorial tax system — foreign-sourced income not remitted to Singapore is generally not taxable. **Key facts** - Structure: Private Limited Company (Pte. Ltd.) - Minimum: 1 local resident director (nominee available), 1 shareholder, 1 company secretary (within 6 months) - 100% foreign ownership permitted in most sectors - Incorporation timeline: 2–5 business days - Corporate tax rate: 17% on Singapore-sourced income; offshore income may be 0% if not remitted to Singapore - New companies: 0% tax on first S$100K taxable income for first 3 years - Audit exemption for companies with revenue under S$5M **Package pricing**: Online remote Singapore company formation from US$2,199 **URL**: https://asiabc.co/services/company-registration/sg-with-fintech-account/ --- ### 1.3 Offshore Company Formation AsiaBC handles incorporations in the following offshore and mid-shore jurisdictions: | Jurisdiction | Notes | |---|---| | British Virgin Islands (BVI) | Popular for privacy; minimal reporting | | Seychelles | Low cost, high privacy | | Samoa | Asset protection, tax-neutral | | Mauritius | Strong DTA network, 15% corp tax | | Labuan IBFC (Malaysia) | 3% tax on trading income, banking hub access | | Estonia | EU-based digital company, e-Residency compatible | | Cayman Islands | Investment vehicles, funds | **Why offshore?** - Low to zero tax rates - Privacy of directors/shareholders - Asset protection and liability ring-fencing - Global trading structure optimization **URL**: https://asiabc.co/services/company-registration/offshore-seychelles-bvi-cayman/ --- ### 1.4 China Entity Formation - **China Representative Office (RO)**: Liaison/sourcing office; cannot directly conduct revenue-generating business in China - **China WFOE (Wholly Foreign-Owned Enterprise)**: Full operational company in mainland China; can hire staff, sign contracts, issue invoices --- ## 2. Bank Account Opening ### 2.1 Hong Kong Corporate Bank Account — "Success Guaranteed" **Overview** AsiaBC's flagship service. Guaranteed corporate bank account opening with Hong Kong traditional banks. Refund of service fee if unsuccessful. **Process** 1. Free pre-assessment (no charge regardless of outcome) 2. AsiaBC evaluates company profile, directors/shareholders background, business nature against bank KYC requirements 3. Client pays only after pre-assessment 4. AsiaBC prepares and submits full application package 5. Bank interview arranged (in-person in Hong Kong, or remote for select banks) 6. Account opened or full refund issued **Service fee**: From US$5,500 per account **Documents typically required** - Certificate of Incorporation (CI), Business Registration Certificate (BR), NNC1 - Passports of all directors, shareholders, and beneficial owners - Address proof (within 3 months) - Company website and business plan - Invoices/agreements with key customers and suppliers - Latest financial statements and audit report (if available) - KYC survey form **Timeline**: around 2 weeks after document submission (in-person); around 2 months for remote options **Partner banks include**: HSBC, Bank of China (HK), DBS, Citi, Hang Seng Bank, OCBC, China CITIC Bank International, Dah Sing Bank, Bank of East Asia **URL**: https://asiabc.co/services/bank-account/hk-company-business-account-opening/ --- ### 2.2 FinTech / Multi-Currency Business Accounts **Overview** Fast-track alternative to traditional banking. Accounts often approved within 1 day, fully remote. No minimum balance, no branch visits. **Partner FinTechs**: Airwallex, WorldFirst, Currenxie, Payoneer, Aspire **Features** - Multi-currency wallets (USD, EUR, GBP, HKD, etc.) - IBAN and SWIFT codes for international transfers - Debit cards for business expenses - Integration with payment gateways (Stripe, PayPal, Airwallex Payments, Payment Asia) - Suitable as primary account or backup to traditional bank **Cost**: Included free in the All-Round HK company package; or arranged standalone **Note**: FinTechs are not licensed banks but their custodian bank partners are. Suitable for cross-border e-commerce, consulting, trading. **URL**: https://asiabc.co/services/bank-account/multi-currency-business-account-online-remote-opening/ --- ### 2.3 Singapore Bank Account Opening — "Success Guaranteed" - Guaranteed opening in a Singapore commercial bank - Free pre-assessment before commitment - Remote account opening services, stay in home country for the whole process - Service fee: from US$6,500 **URL**: http://asiabc.co/services/bank-account/sg-company-business-account-opening/ --- ### 2.4 Overseas Bank Accounts | Location | Notes | |---|---| | Australia | HK and overseas companies; visit may be required | | USA | Domestic US bank; visit may be required; or remote via Seychelles company structure | | Mauritius | ABC Banking Corporation Ltd and others | | Labuan IBFC | Malaysian offshore banking hub | | Latvia / Estonia | EU banking for European-facing businesses | - Takes 2 -4 weeks after submitting all required documents - Physical bank meetings are not required in Mauritius, Dominica, Puerto Rico, Vanuatu, Saint Kitts and Nevis, North Cyprus and more - Refund for declined application (excluding bank service fees, third-parties expenses, etc.) - Service fee: from US$5,000 **URL**: https://asiabc.co/services/bank-account/offshore-company-business-account-opening/ --- ## 3. Accounting, Audit & Tax ### 3.1 Bookkeeping & Accounting **What's included** - Organisation of financial documents (payroll, MPF, bank statements, invoices, receipts) - Preparation of: accounting books and statements in an accounting year - Xero cloud accounting setup and management (1-month free trial available) **Pricing basis**: Calculated on annual turnover and number of transactions (custom quote after free consultation) **URL**: https://asiabc.co/services/tax-accounting/4-in-1-xero-accounting-tax-filing/ --- ### 3.2 Statutory Audit - Required annually for all Hong Kong limited companies - Conducted by AsiaBC's network of practising HKCPAs (Hong Kong Certified Public Accountants) - AsiaBC acts as primary liaison between client and HKCPA - Includes: audited financial statements, auditor's report, tax computation - AsiaBC files Profits Tax return on client's behalf as tax representative - After filing, AsiaBC handles any IRD queries on client's behalf --- ### 3.3 Tax Services **Profits Tax** - Standard rate: 16.5% on assessable profits - Two-tier rate: 8.25% on first HK$2M of profits - No withholding tax on dividends, no capital gains tax, no VAT/GST, no estate duty - Territorial basis: only Hong Kong-sourced profits are taxable **Individual / Salaries Tax** - Filed for directors, shareholders, and their spouses - AsiaBC handles individual tax returns for company-connected persons **Zero Tax / Offshore Claim** - Hong Kong companies earning profits entirely from activities outside Hong Kong may apply for offshore profits tax exemption - Profits must be "not sourced in Hong Kong" under IRD rules - AsiaBC advises and prepares offshore claim applications **Cross-Border Tax Planning** - Advice on Double Tax Agreements (DTAs): HK has DTAs with 45+ jurisdictions - Re-invoicing centre / international trading company structure for tax optimization - Holding company and IP structuring advice **Dormant company tax**: New IRD rules (2025) require dormant HK companies to comply with specific tax obligations even without income — AsiaBC handles compliance **URL**: https://asiabc.co/services/tax-accounting/hong-kong-tax-representatives/ --- ## 4. Business Centre & Compliance Services ### 4.1 Company Secretary **What AsiaBC provides** - Acts as statutory company secretary (required by Hong Kong Companies Ordinance) - Prepares and submits Annual Returns to Companies Registry (CR) - Maintains statutory registers (members, directors, charges) - Handles share transfers, director changes, and other statutory filings - Nominee company secretary service available **URL**: https://asiabc.co/services/business-centre-services/secretarial/ --- ### 4.2 Registered Office Address - AsiaBC's Wan Chai, Hong Kong address used as company's registered office - Required by Companies Registry (CR) for all HK companies (residential addresses acceptable but commercial preferred) - All government mail forwarded to client's designated address worldwide - Refundable US$100 credit included in All-Round packages for letter forwarding costs --- ### 4.3 Virtual Office **Includes** - Shared Hong Kong commercial address (Wan Chai) - Dedicated Hong Kong landline telephone number - Live receptionist answers calls under the client's company name - Mail handling and forwarding - Suitable for Payment Asia gateway applications (AsiaBC's virtual office address accepted) - Start from US$300 per year, premium package US$1,160 with office space **URL**: https://asiabc.co/services/business-centre-services/virtual-office-registered-address/ --- ### 4.4 Work Visa & Immigration - Hong Kong employment visa application support - China Visa guidance (including post-pandemic procedures) - APEC Business Travel Card assistance - Latvia investment residence application - General immigration and relocation advisory --- ### 4.5 Other Compliance Services - **Trademark Registration**: Hong Kong and international trademark filing - **MSO Licence**: Money Service Operator licensing (for money changers, remittance businesses) - **SFC Licence**: Securities and Futures Commission licensing support - **TCSP Compliance**: AsiaBC itself is a licensed TCSP; clients using AsiaBC will go through AML/KYC due diligence - **UAE Legalisation**: AsiaBC handles UAE legalisation for corporate, legal, and personal documents --- ## 5. Value-Added & Specialist Services ### 5.1 International Trading Company Structure A Hong Kong company used as a re-invoicing centre sits between overseas manufacturers (e.g. China, India) and overseas buyers. The HK entity invoices and earns the trading margin, which is then taxed at HK's low rates (8.25–16.5%) or potentially zero if profits are not sourced in Hong Kong. **Typical use case**: SME importing from Chinese factories and selling to European/US distributors. HK company holds the margin; China entity handles sourcing/QC. **URL**: https://asiabc.co/services/value-added/hong-kong-international-trading-company/ --- ### 5.2 Payment Gateway Setup - Guidance on connecting HK companies to international payment gateways - Partners: Payment Asia, Airwallex Payments, Stripe - Requires an active HK bank or FinTech account as prerequisite - AsiaBC virtual office address accepted by Payment Asia (physical office otherwise required) --- ### 5.3 Xero Cloud Accounting - AsiaBC is a Xero partner - Sets up and manages Xero for HK clients - 1-month free Xero trial available for new clients --- ## 6. Pricing Summary | Service | Price | |---|---| | HK Company + Multi-Currency Account (All-Round) | US$1,350 / HK$10,600 | | HK Company + Bank Account Arrangment (All-Round) | US$1,750 / HK$13,740 | | Singapore Company Formation (Remote) | From US$2,199 | | HK Corporate Bank Account (Success Guaranteed) | From US$5,500 / HK$43,175 | | SG Corporate Bank Account (Success Guaranteed) | From US$6,500 / HK$51,025 | | SG Personal Bank Account (Success Guaranteed) | US$3,000 | | Accounting / Audit / Tax | Custom quote (based on turnover & transactions) | | Virtual Office | From US$300 per year | All prices include government disbursement fees where stated. No hidden fees. AsiaBC guarantees to refund service fees for guaranteed bank account services if unsuccessful. --- ## 7. Hong Kong Tax Reference | Tax Type | Rate | Notes | |---|---|---| | Profits Tax (corporations) | 8.25% / 16.5% | Two-tier: 8.25% on first HK$2M, 16.5% above | | Profits Tax (unincorporated) | 7.5% / 15% | Two-tier equivalent for sole traders / partnerships | | Salaries Tax | 2%–17% progressive | Cap at 15% standard rate | | Property Tax | 15% | On assessable value of HK property | | Capital Gains Tax | 0% | None in HK | | Withholding Tax on Dividends | 0% | None in HK | | GST / VAT | 0% | None in HK | | Estate Duty | 0% | Abolished in 2006 | --- ## 8. Frequently Asked Questions **Can I form a HK company without visiting Hong Kong?** Yes. The entire process is remote. Document certification may be required for non-HK residents using e-Registry (certified passport copy from consular office), but AsiaBC handles the workflow. **Can I open a HK bank account without flying to Hong Kong?** Traditional banks generally prefer in-person KYC meetings. However, some banks (e.g. Citibank) accept remote applications — processing time is ~2 months. FinTech accounts (Airwallex, WorldFirst, etc.) are 100% remote and approved within 1 day. **What is a "Success Guaranteed" bank account?** AsiaBC will refund its service fee if they fail to open your account. A free pre-assessment is conducted before payment to evaluate eligibility. **What is zero tax / offshore claim?** If a HK company's profits are sourced entirely outside Hong Kong (e.g. trading between non-HK parties, managed and controlled offshore), the company may apply to IRD for an offshore profits tax exemption, resulting in 0% tax on those profits. **Is a physical office in Hong Kong required?** No. AsiaBC's registered address and virtual office services satisfy all legal requirements for a HK company. **What is a TCSP licence and why does it matter?** A Trust or Company Service Provider licence (under AMLO) is required for any firm in HK providing company secretarial, registered address, or nominee services. AsiaBC is a licensed TCSP — clients should verify their provider holds this licence. **When is my first audit due?** First Profits Tax Return is issued ~18 months after incorporation. You have 3 months to submit the completed return with the audit report. **Can AsiaBC handle accounting if I already have an accountant?** Yes. AsiaBC can work alongside your existing accountants and auditors, and handles changeovers smoothly. **What banks does AsiaBC work with?** Traditional banks: HSBC, Bank of China (HK), DBS, Citi, Hang Seng, OCBC, China CITIC, Dah Sing, Bank of East Asia, ABC Banking Corporation (Mauritius), and others. FinTech: Airwallex, WorldFirst, Currenxie, Statrys, Payoneer, RD Technologies, Aspire. --- ## 9. Blog & Resource Topics AsiaBC publishes guides and articles at https://asiabc.co/blog/ covering: - HK company formation step-by-step - Bank account opening strategies and FinTech comparisons - Hong Kong Profits Tax explained - Hong Kong Salaries Tax guide - Zero tax / offshore claim eligibility - Double Tax Agreements and international tax planning - 2026/27 HK Budget: tax breaks for startups - Dormant company IRD compliance (2025 new rules) - Hong Kong vs Singapore: which jurisdiction to choose - Payment gateway setup for HK e-commerce - Virtual office benefits and use cases - China visa guide - Intellectual property protection in HK - Hong Kong permanent residence --- ## 10. Contact & Engagement - **Free consultation**: Zoom video call, no obligation — https://asiabc.co/contacts/ - **Online company formation**: https://pricing.asiabc.co/company-registration/ - **WhatsApp**: +852 9578 0528 (24/7) - **Email**: business@asiabc.com.hk - **Social**: Facebook.com/AsiaBC | Instagram.com/AsiaBC.HK | Twitter.com/AsiaBC | LinkedIn: Asia Business Centre - **Referral programme**: Earn HK$250–HK$2,500 credits per successful referral (HK$2,500 for Bank Account + Company Formation referrals)