Attached you may find a comparison chart of all our jurisdictions for your review. Different entities may be incorporated for various purposes. Please contact us at Contact@viss.com.hk for advice on the best option to fit your specific needs.

Yes, we can assist in the introduction to banks in several jurisdictions to open bank accounts. It must be noted that all banks have different requirements; however, some will be able to confirm the probability of the account being opened by filling out a questionnaire with information on the purpose of the account and details on its beneficiary. We will guide you on the best bank options depending on the jurisdiction of your entity.

The straightforward answer is yes, you can let a company strike off. However, due to changing requirements in several jurisdictions, if you no longer need your entity, it is recommended to go through a dissolution or liquidation process in order to avoid any continuous obligations that the company’s directors may have according to jurisdictional laws. This also prevents any penalties that may be imposed on the company for not complying with the jurisdiction’s regulations.

Yes. For professionals such as attorneys, accountants, consultants, bankers, corporate services providers, other related professionals, we are able to provide special fees in two different ways: Becoming a referral agent: Introducing clients to our company; and when the referred client acquires any of our services, the referral agent will be granted a commission percentage of our fees. Acquisition volume: Depending on the amount of entities to be acquired, competitive wholesale prices are granted to your firm. Email us at Contact@viss.com.hk for further information on all possible special fees.

Depending on each jurisdiction, different timeframes are managed; however, for most incorporations, the expected timeframe can be from two days to one week after due diligence documents have been provided. Contact us for further details. Some company documents, such as Certificates of Incumbency can be provided within the same day or next day.

For first-time clients, the following documents are required: a. Signed Service Provision Agreement (SPA). b. Certified copies of passports. c. Certified copy of proof of address issued within the last three months, which may be a utility bill, a government ID with address, or bank statements. Additional documents may be required depending on the jurisdiction.

a. Compliance Form duly filled-in and signed. b. For INDIVIDUAL relevant persons: i. Certified copies of passports. ii. Certified copy of address proof issued within the last three months, which may be a utility bill, a government ID with address, or bank statements. c. For CORPORATE relevant persons: i. Certified copy of latest M&AA (or equivalent and all amendments). ii. Certified copy of Register of members and register of directors. iii.Certified passport copy, and certified proof of address of the directors and UBOs. For high risk cases or clients enhanced due diligence would be required.

Following Hong Kong’s AML and CFT guidelines, there are certain cases in which clients are classified as high-risk, depending on their location, type of activity, or if they are politically exposed persons.

Economic Substance requirements exist in the following jurisdictions offered by our company: Anguilla Bahamas Belize British Virgin Island Cayman Islands Seychelles Marshall Islands UAE

While legislation in different countries may differ, the primary concern of Economic Substance laws is to make sure that core income-generating activities are managed in the jurisdiction where the company is incorporated. To confirm whether your entity falls within the scope of the law, it must be classified using a declaration form. Once this form is handed in, we will confirm what classification the company falls under and what it must do to comply with the law. For complex structures, a legal opinion must be drafted to classify the entity and confirm its requirements. Through our registered agent, we are also able to provide services in several jurisdictions, such as premises and employees, when necessary.

For change of directors (appointment and resignation): The following signed documents must be provided: Board Resolution, resignation of the current director, acceptance of appointment as director for the new director, Forms ND2A and ND4. Form ND2A would be submitted to the Companies Registry. For change of shareholders: Allotment of shares: The Company must sign the Board Resolutions, Form NSC1, and the application for shares. The Form NSC1 must be submitted to the Companies Registry. Transfer of shares: The Company must sign the Board Resolution, Instrument of Transfer, Bought & Sold Notes, and Letter to the Stamp duty Office. If the Company has commenced business, the latest audited financial statements and certified management account must be provided to the IRD together with the transfer of shares documents for adjudicating the stamp duty fees.

The main requirements for the deregistration of a Hong Kong company are for all members of the company to agree to the deregistration, the company must have no outstanding liabilities and it needs to obtain a written notice of no objection from the Commissioner of Inland Revenue. Additional documents may be requested by the Company Registry (CR). After submitting all required documents to the CR, if there are no issues, an approval letter will be issued within 5 working days. The application will be gazetted twice in HK. After the publication of the First Gazette Notice, there is a 3-month period for objection. If no objection is received by the Registrar during the period, the Second Gazette Notice will be published whereupon the company will be dissolved. The applicant will be notified once the deregistration procedure has been completed, and the company has been dissolved. This process takes approximately five to six months once all of the necessary documents have been received. During this time, the company is still required to observe its obligations under the Company Ordinance until it is deregistered. That means the NAR1 must be filed within 42 days from the anniversary date until the final notice of CR is issued. Upon dissolution of the company, all the Company’s property ( including credit balances in the Company’s bank account and land property, etc.) will vest in the Government of the HKSAR as bona vacantia. Therefore, shareholders must ensure the bank accounts have been closed, and the properties are properly disposed before the deregistration.