AlphaCS

Incorporation

Choosing business location is a significant step toward starting your own business. Our professional team provide client tailor made solutions to fit your particular business objectives.

Our Services Include:

  • Asia: Hong Kong, China, Macau, Singapore, Labuan in Malaysia, Cambodia
  • Europe and the Middle East: UK, Netherlands, Germany, Malta, Dubai, Czech, Cyprus
  • America and the Caribbean: USA (Delaware, Florida, Nevada, California etc.), Cayman Islands, BVI
  • Africa and the Indian Ocean: Seychelles, Mauritius
  • Oceania: Samoa, Marshall Islands, Australia


Special Package Offer: HKD 8,800, including:

  • Incorporation advisory
  • Company name search
  • Certificate of Incorporation
  • Business Registration Certificate
  • Articles of Association (8 printed copies)
  • Incorporation document preparation
  • Company Green Box with statutory records
  • Share certificates
  • Company chop set (1 common seal, 1 rectangle signature chop and 1 round chop)
  • 1-year Company Secretary Annual Services (included acting as Designated Representative on Register of Significant Controllers)
  • 1-year Registered Address Annual Services

Please  Contact Us  if you wish to avail of our special offer.


Hong Kong
Hong Kong is a metropolitan filled with opportunities, creativity and entrepreneurial spirit. As an international financial hub, Hong Kong is vastly attractive to investors because of its intact legal system, simple taxation with low tax rates, well-established infrastructure and communication facilities, one of the most open economy in the world and effective anti-corruption regime.

Hong Kong is a place of unlimited business chances, and serves as a platform to global economy and commerce. A lot of companies benefit from setting up business in Hong Kong.

Advantages

  • Hong Kong has an established legal system
  • Good reputation, ready access to international credit
  • Various financing channels for enterprises
  • No exchange controls
  • Free flow of capital
  • Simple tax system with low tax rates
  • Profits tax declaration only once a year

Key Corporate Features

General Information
Political Stability Very Good
Type of Company Limited
Legal System English Common Law and Basic Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1 (At least 1 natural person)
Registered Address Yes
Company Secretary Yes (Designated representative is required for significant controllers register)
Annual Requirement
Annual Return Yes
Audited Account Yes
Disclosure
Government Filing of Shareholder(s) Yes
Government Filing of Director(s) Yes
Shareholder(s) and Director(s) on Public File Yes
Beneficiary Owner on Public File No (Required to report the location of significant controllers register)


China
Foreign investors generally have four ways to establish a business presence in China:

  • Wholly Foreign Owned Enterprise (WFOE)
  • Representative Office (RO)
  • Foreign Invested Partnership Enterprise (FIPE)
  • Joint Venture (JV)

Among the above, WFOE is the most commonly used way to establish company in China.

Wholly Foreign-Owned Enterprise (WFOE)

It is an independent legal entity in China with limited liability, wholly owned by one or more foreign investors and established entirely with foreign capital. “WFOEs” can carry business within its registered business scope. This type of company is used for service providers such as a variety of consulting and management services, software development and trading.

Advantages

  • Freedom for implementing policy matches with its parent
  • Ability to carry out business in China while “RO” prohibited
  • Capability to remit its profits out of China
  • Freedom for import and export own product
  • Greater efficiency of management
  • Full controls of its resources
  • No need to transfer or share technology and intellectual know-how

Representative Office (RO)

Representative Office (RO) is established by foreign companies to engage in business liaisons, quality control, product promotion, market research, exchange of technology and other permitted activities in China.

To set up a RO in China, the parent company must be established for more than 2 years.

ROs are not allowed to directly engage in operational activities, RO cannot issue official invoices, nor receiving payments from its clients. State Administration of Industry and Commerce (SAIC) usually specifies in scope of business, as it shown in the Registration Certificate of ROs, where ROs cannot engage in direct operational activities. Therefore, it’s not a form of foreign direct investment (FDI) in China.

Foreign Invested Partnership Enterprise (FIPE)

Foreign Invested Partnership Enterprise (FIPE) is relative new way to step into China. As the Government is also not promoting on this, this is not as commonly used as WFOE or RO.

This, however, becomes more and more popular among young entrepreneurs with new business startups in China as it requires no registered capital.

Different from RO, FIPE still could hire people, collect payments, issue invoices and apply for work & residence in China.

Joint Venture (JV)

A Joint Venture is a business arrangement in which the participants create a new business entity or official contractual relationship to share investment and operation expenses, management responsibilities, as well as profit and loss.

The Chinese authorities encourage foreign investors to use this form of company in order to obtain exposure to advanced technology and new management skills. In return, foreign investors can enjoy low labor costs, low production costs and a potentially large Chinese market share.

There are currently 2 types of Joint Venture:

  • Equity Joint Venture (EJV)
  • Cooperative Joint Venture (CJV)

The most significant difference between Equity Joint Ventures and Cooperative Joint Ventures is the allocation of profits. In EJV, profits must be allocated according to the ratio of the capital contributions made by the partners. In other words, if one party puts in 30% of the capital investment, they will reap 30% of the total profits. EJVs are the preferred investment vehicle for most manufacturing type companies. Investors have to be clear about their purpose before deciding which form of Joint Venture to go for.


Macau
Macau is similar to Hong Kong, it is a highly open economy, good location, a city with modern infrastructure in place. Macau is a free port without exchange controls, allows free flow of capital and it has attracted many foreign investors to establish their company there.

There are not particularly limited to set up a company here. While Macau put significant attention to hotel and tourism sectors in the past years, it is also one of the most liberal trade and investment regimes in the world. The free trade approach gives confidence for entrepreneurs to invest into the city.

Advantages

  • Stable financial system
  • Satisfactory trading environment
  • Low taxes and low operating cost
  • China and Portuguese Speaking Countries Economic and Trade Cooperation

Key Corporate Features

General Information
Political Stability Very Good
Type of Company Limited
Legal System Portuguese Civil Law and Basic Law
Corporate Requirement
Minimum Number of Shareholders 2 (1 for One Member Limited Company)
Minimum Number of Directors 1
Registered Address Yes
Company Secretary Subject to Conditions
Annual Requirement
Annual Return Yes
Audited Account Subject to Conditions
Disclosure
Government Filing of Shareholder(s) Yes
Government Filing of Director(s) Yes
Shareholder(s) and Director(s) on Public File Yes
Beneficiary Owner on Public File No

Malta
Malta, classified as an advanced economy by the International Monetary Fund and the World Bank in European Union (EU), is increasingly attractive to foreign investors. The strength of the Maltese economy comes from its strategic location, its taxation system, skilled and multilingual workforce and the well-developed financial and IT industry.

Malta has strong economic ties with EU countries, but also with states outside the European Union, which gives it a great advantage for investments. The Government has designed different programs and schemes providing incentives or tax deductions for foreign entrepreneurs of various industries. The first incentive refers to the easiness of setting up a company in Malta.

Advantages

  • A full Member State of the European Union and part of the Eurozone
  • No withholding taxes, stamp duties or exchange control restrictions on dividend distributions to non-resident shareholders
  • Shareholder receiving profit dividends may request a tax refund of part or of all the tax paid by the Malta company
  • Comprehensive financial legislative framework which allows for the setting-up and regulation of a variety of investment services

Key Corporate Features

General Information
Political Stability Very Good
Type of Company Private Limited
Legal System Italian Civil Law and English Common Law
Corporate Requirement
Minimum Number of Shareholders 2
Minimum Number of Directors 1
Registered Address Yes
Company Secretary Yes
Annual Requirement
Annual Return Yes
Audited Account Yes
Disclosure
Government Filing of Shareholder(s) Yes
Government Filing of Director(s) Yes
Shareholder(s) and Director(s) on Public File Yes
Beneficiary Owner(s) on Public File No

Cayman Islands
The Cayman Islands, situated in the West Caribbean Sea, 640 km south to Miami and 268 km northwest to Jamaica, belongs to British Overseas Territory.

The Cayman Islands is currently one of the two offshore jurisdictions accepted by Hong Kong Stock Exchange for listing in Hong Kong.

Cayman Islands’ companies act is based on English Common Law. Companies are of three categories: Ordinary Resident Company, Exempted Company and Non-Resident Company. Exempted Company is a popular form of registration.

Advantages

  • Director and shareholder information is not opened to public search
  • One of the international financial centres with sound reputation
  • Can go for listing on leading Stock Exchange, such as Hong Kong
  • No tax return filing required in the Cayman Islands
  • Company name in English and Chinese are allowed
  • No exchange control

Key Corporate Features

General Information
Political Stability Very Good
Type of Company Exempted
Legal System English Common Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Registered Address Yes (Substance requirements for entities in scope)
Company Secretary No
Annual Requirement
Annual Return Yes
Audited Account No
Disclosure
Government Filing of Shareholder(s) No
Government Filing of Director(s) Yes
Shareholder(s) and Director(s) on Public File No
Beneficiary Owner on Public File No


British Virgin Islands (BVI) consists of about 40 islands. It takes approximately 25 minutes flying time from east of Puerto Rico. As a member of the British Commonwealth, BVI applies a legal system based on English Common Law (its Business Companies Act includes some terms in Delaware Law), which operates well with local acts.

Because a BVI company is not bound to foreign exchange controls, and information for submission and filing as requested by local government is minimal; many multinational companies and persons are fond of BVI company registry.

As such, BVI has been one of the most popular places globally for offshore registration.

Advantages

  • Common investment or listing vehicle
  • Information of shareholders and directors is not open for public search
  • No tax return filing required
  • No mandatory requirement to submit audited accounts
  • Company name in English and Chinese are allowed

Key Corporate Features

General Information
Political Stability Very Good
Type of Company BC
Legal System English Common Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Registered Address Yes (Substance requirements for entities in scope)
Company Secretary No
Annual Requirement
Annual Return No
Audited Account No
Disclosure
Government Filing of Shareholder(s) Optional
Government Filing of Director(s) Yes
Shareholder(s) and Director(s) on Public File No
Beneficiary Owner(s) on Public File No

Seychelles
Seychelles is an independent republic in the British Commonwealth. Seychelles is composed of about 115 islands in the Indian Ocean. The legal currency is mainly the Seychelles Rupee.

The Seychelles Company is mainly divided into two categories: International Business Company (IBC) and Company Special License (CSL). Generally, IBC is more commonly registered.

Seychelles applies International Business Companies Act (IBC Act) as its main companies’ act, under which company incorporation, operation and taxation are comparatively simple, and less information is required to be disclosed.

Advantages

  • Information of shareholders and directors is not open for public search
  • No tax return filing required
  • Company can use Chinese name
  • With no exchange control, it is easy to raise capital

Key Corporate Features

General Information
Political Stability Very Good
Type of Company IBC
Legal System English Common Law and French Civil Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Registered Address Yes
Company Secretary No
Annual Requirement
Annual Return Yes
Audited Account No
Disclosure
Government Filing of Shareholder(s) No
Government Filing of Director(s) Yes
Shareholder(s) and Director(s) on Public File No
Beneficiary Owner on Public File No


Samoa, independent since 1962, situated in the South Pacific Ocean east of the International Date Line, is composed of 9 islands, whose basic local language is English.

The existing service structure in Samoa is complete; therefore, many famous accounting firms and law firms set up their offices in Samoa.

Advantages

  • Information of shareholders and directors is not open for public search
  • No tax return filing required
  • Company’s name in Chinese (or other languages) can be shown on the Certificate of Incorporation, and Memorandum and Articles of Association can be in Chinese
  • Company can store its documents in any language with an English certified translation

Key Corporate Features

General Information
Political Stability Very Good
Type of Company International
Legal System English Common Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Registered Address Yes
Company Secretary Yes
Annual Requirement
Annual Return No
Audited Account No
Disclosure
Government Filing of Shareholder(s) Optional
Government Filing of Director(s) Optional
Shareholder(s) and Director(s) on Public File No
Beneficiary Owner on Public File No

Marshall Islands
The Marshall Islands are situated in the Central Pacific Ocean between Indonesia and Hawaii.

Languages spoken are Marshallese and English, and the currency is the US Dollar.

Non-native residents who set up a Marshall Islands Company will be lawfully exempt from all taxes in Marshall Islands.

Advantages

  • Information of shareholders and directors is not open for public search
  • No tax filing by Marshall Islands IBC
  • Chinese company names and Chinese Memorandum and Articles of Association are allowed
  • Simple registration and maintenance – Not required to submit annual returns, accounts or financial statements
  • No exchange controls

Key Corporate Features

General Information
Political Stability Very Good
Type of Company IBC
Legal System US Common Law
Corporate Requirement
Minimum Number of Shareholders 1
Minimum Number of Directors 1
Registered Address Yes
Company Secretary Yes
Annual Requirement
Annual Return No
Audited Account No
Disclosure
Government Filing of Shareholder(s) No
Government Filing of Director(s) No
Shareholder(s) and Director(s) on Public File No
Beneficiary Owner on Public File No