COMPANY FORMATION & CORPORATE SECRETARIAL

COMPANY FORMATION

Hong Kong Company Formation

• Hong Kong shelf companies are available and can be operational within one working day.
• Change of name for shelf company or incorporation of companies tailored to specific requirements.
• Registration of Sole Proprietorship and Partnership businesses.

Sale of shelf companies in various offshore jurisdictions (B.V.I., Cayman Islands, Seychelles, Samoa, Singapore, Labuan, etc.)

Formation of a complicated nature for tax planning and asset protection (higher fees required).

Company Formation in PRC

• Registration of a legal entity or representative office with local authorities
• Review of business plan and feasibility study report

REGISTRATION OF AN OVERSEAS COMPANY IN HONG KONG

Registration of a branch office and providing of an authorized representative for your overseas company.

COMPANY SECRETARY

Complying with statutory requirements, maintaining minutes books and statutory records, registering and reporting changes in the company, arranging and attending directors’ and shareholders’ meetings and filing all statutory returns.

REGISTERED OFFICE & CORRESPONENCE ADDRESS

Provision of legal address, custody of statutory records and onward transmission of documents according to your instructions.

DEREGISTRATION AND LIQUIDATION

Providing de-registration service for dormant companies and arranging voluntary winding-up proceedings.

ADMINISTRATIVE SUPPORT / PERSONNEL

ADMINISTRATION OF TRADE DOCUMENTS

• Preparing export trade documents and necessary bank forms for collection of bill under documentary credit.
• Presenting all the export documentation to bank.

HONG KONG VISAS APPLICATION

Throughout the years, MEI has served our clients and act for them in obtaining various visas successfully from Immigration Department. We have solid relevant experience and in-depth knowledge of the procedures and requirements of visa application.

• Processing application for Entry Visa as investor to establish business, employee, internship and accompanying dependants.
• Review of business plan and supporting documents for the application.
• Preparing employment contract.
• Application for extension of stay.
• Application for verification of eligibility for Hong Kong permanent identity card.

PAYROLL SERVICES

Assisting in payroll function in compliance with Hong Kong statutory requirements, an efficient and cost-effective solution for employers based overseas.

• Initial set up of payroll system including Registration for Mandatory Provident Fund Scheme
• Processing salary and provident fund contribution payment and employee expense reimbursement
• Maintaining payroll related information such as allowances and benefits
• Acting as authorized signatory of the MPF subscription account
• Filing of tax return to the Inland Revenue Department for new and resigning employees

HUMAN RESOURCES SERVICES

• Recruitment services including screening and interviewing suitable candidates and provision of staff training

OTHER SERVICES

• Applying for registration or renewal of trademark under the Trade Marks Ordinance.
• Conducting company search at the Hong Kong Companies Registry.
• Assisting to locate and set up new office, arranging installation of internet, telephone and fax facilities.
• Providing internet, telephone and fax facilities, redirection of mail, administrative and clerical support and temporary office.

TAX PLANNING & FILING

We emphasize tax consultancy and planning as many businesses are established in Hong Kong because of its favorable tax legislation. Effective tax planning reduces tax liabilities of businesses headquartered in countries with higher taxation.Through arrangement in offshore tax jurisdictions, your tax bill can be minimized.
Our specialist tax services include:

• Compliance work in filing of tax returns.
• Tax planning for business expansion in the PRC e.g. manufacturing, subcontracting and subassembly works in PRC.
• Tax planning for Hong Kong companies including feasibility study on the use of companies of different offshore jurisdictions.
• Completing and filing of corporate and personal tax returns with the Hong Kong Inland Revenue Department.
• Representing you in negotiation on tax disputes, back taxes and investigation,formal tax appeals and objections.
• Advising on design of tax-efficient remuneration packages.
• Stamp duty planning and computation.
• Advising on tax implications of acquisition, mergers and sale of properties, business and companies.
• Identifying tax jurisdiction for intermediate and ultimate holding companies, and advising on cross-border tax planning.

ACCOUNTING SERVICES

Assisting you to compile financial statements which comply with the requirements of Hong Kong Companies Ordinance, Hong Kong and Internationally Accepted Accounting Standards as laid down by major accounting bodies, either on-site or off-site, including:

• Arranging the opening of bank accounts, documentary credit accounts and trustee accounts.
• Operating your bank account(s) including the receipt of monies, payment of expenses and international transfer of funds.
• Providing counter-signatories to bank accounts.
• Placing surplus funds in interest-bearing deposits.
• Preparing invoices and other import and export shipping documentations.
• Raising and negotiating letters of credit through banks.
• Setting up of appropriate accounting systems and assisting in subsequent implementation.
• Preparing cash flow analysis, management accounts, financial budgets and forecasts as and when required.
• Preparing annual statutory accounts which comply with the requirements of generally accepted accounting principle and Hong Kong Companies Ordinance for audit purposes.
• Recruiting in-house accounting staff.
• Providing training for newly recruited accounting staff in your office.

AUDITING ARRANGEMENT

Through our own professional knowledge and experience, and excellent contacts with various professional certified public accountants firms in town, audit assurance on financial statements can be arranged as well as review of historical financials, suggestion of good internal practice and due diligence work for your business expansion that are specific to your requirements and totally on a discrete basis. Our services include:

• Performing audit work and providing opinion on financial statements.
• Assisting in improving internal and external control.
• Satisfying requirements for business development and improvement in company profitability.
• According to the present size of your operations, supporting your tax filing on timely basis.
• Providing audited financial information for a specific period for banking requirements, contract tendering, new venture or project evaluation, or for other business investment purposes.

BUSINESS CONSULTANCY

GROWTH WITH CLIENTS IN GREATER CHINA

Catering for Clients Investing in PRC

• Mainly for individuals, small and medium size businesses expanding their existing operations into PRC.
• Due diligence study and reporting.
• Advising on local rules and practices.
• Attending to documentations and registrations.
• Setting up business and corporate entities.
• Assisting in office search and staff recruitment.
• Providing temporary secretarial support and office facilities.
• Identifying future liabilities with a view to maximizing returns from existing resources and minimizing risks.

Serving Clients Exiting PRC

• Consulting on deployment of resources.
• Diversification and protection of assets, and formation of overseas asset holding vehicles.
• Advising on foreign rules and practices.
• Conducting basic ground work and/or engaging professionals for complicated matters.
• Negotiating and acting on your behalf in contract negotiations.
• Execution of transactions (as agent) according to your instructions.
• Documentation and registration of your beneficial interests.
• Selecting bankers and advising on funding and financial planning matters.