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pat_togo
Raver
Joined: Feb 22, 2005
Posts: 403
Location: Pudong & Hongkou, Shanghai
Status: Offline
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 Posted:
July 14, 2005 - 08:57 PM |
 
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| Post subject: Hong Kong-registered company operating in Shanghai |
Dear All,
I may be wrong but I have noticed that there are a couple (seems to be a lot) Hong Kong-registered companies operating in Shanghai without a proper local business registration or even a representative office authorization. It looks to be a way to dribble the heavy formalities here and the high fees as well, since for 10,000HKD you can have a company in Hong Kong in matter of days.
What is your opinion about that? Aren't there risks involved in doing so? I myself have a registered HK company and was thinking about setting a RO here next year, but I am considering just skipping this step since the only advantage seems to be the local bank account, which I don't need because managing finance from HK.
Your advices would be much appreciated.
Take care,
Chris
P.S. For a precision I would like to specify that I am talking about companies registered in Hong Kong by "foreigners" from Europe particularly, not Hong Kong residents or mainland Chinese though I guess there is no much difference. |
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Victorian
Reacher
Joined: May 03, 2004
Posts: 367
Status: Offline
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| Posted:
July 14, 2005 - 10:42 PM |
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