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Hong Kong tax and accountancy are based upon British standards, and as such are similar to that which you may already be familiar with in the West.
Offshore bank account hong kongHong Kong requires that all businesses file an annual tax return on their profits with the HK Inland Revenue, and undergo an annual accounts audit performed by an independent CPA.Hong Kong takes accounting and tax fraud very seriously, with strict sanctions for offenders from the local government and banks.
Therefore it’s crucial that your accounts are filed professionally and attentively to mitigate any issues you may have arising from the annual accounts audit you’ll be required to undertake.Benefits You'll Get From Outsourcing Accounting & TaxesHere's what we do to help you manage your Hong Kong company's tax & accounting:Set up a compliant accounting system for your companyMonthly bookkeeping handledAccurate quarterly and annual financial statements (including income statement and balance sheet) preparedAn accurate assessment of how much tax should be paidIndividual income tax forms for staff and managementConsultation on financial planning (including tax and cost control)All information is provided in EnglishReduce the potential overhead of hiring full-time accounting staffHong Kong Annual Accounts AuditingYour Hong Kong company must have its accounts audited by a certified public accountant (CPA) each year.
Oftentimes it is difficult to know whether the CPAs available are good value, efficient, vigilant, and get good results.Their compliance report could have far-reaching consequences on your business, such as the ability to get business loans, affecting government trust, and being able to claim 0% tax on revenues from outside of Hong Kong, so it is crucial that your auditor is an expert who understands your business.Datar Business Services remove the uncertainty and save your company time, by only partnering with some of the best CPAs in Hong Kong, who we can guarantee have dealt with many businesses like yours, are willing to listen to you, and who understand your business situation.Benefits You’ll Get From This ServiceBy letting Datar Business Services arrange and oversee your annual Hong Kong company audit, you’ll:Have more time to focus on businessBe assured of a top Hong Kong CPA undertaking the auditHave peace of mind that you will be in 'good standing' with local government and banksGet feedback on the audit in plain EnglishHave the option of consulting with our Hong Kong accounting and tax experts should your business require it following the audit.
North Loop is the best option if NRE and NRO account is in your mind.
Rather than wasting time, four to six weeks into account open process, North Loop only take 5 minutes to sign up process for NRE accounts.
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This need came into existence when people started looking for options to open online bank account Singapore.
However, the youth and small business owners prefer online bank accounts to save time and money.
Most of the traditional banks offer a digital banking facility via their mobile application.
Some of the advantages of this facility are:Open Accounts at your convenienceYou can open an online bank account anytime, anywhere through smartphone or laptop, with internet facilities.
All banking features along with customer service facilities are available at your fingertips.Instant cash transferNo matter what you are doing, you can pay bills, make online transfers from your dining table.
You don't have to visit a branch office to get the transaction completed.