The individual nominee director under nominee structure are being review by the Majority of Hong Kong

At International Tax (HK) Co. Ltd., we understand that appointing an individual nominee director under the nominee structure is essential for many of our clients to ensure compliance with Hong Kong's legal requirements. As the majority of Hong Kong bankers have been reviewing such structures since 2014, it is crucial to work with experienced professionals who can provide practical guidance and ensure compliance.

 

Our Resident Local Individual Director Service is an excellent option for foreign business professionals or entities that do not have a local director. With our service, we offer a team member as the Nominee individual director for your directorship, ensuring compliance with statutory requirements. Below are some of the benefits and scope of our services:

 

Benefits of Our Resident Local Individual Director Service:

 

1.      Ensures compliance with statutory requirements: Our Resident Local Individual Director Service helps foreign business professionals or entities comply with Hong Kong's legal requirements by providing a nominee individual director.

2.      Provides practical guidance: Our experienced professionals provide practical guidance to ensure that our clients understand the business practices, tax regulations, and laws of the specific Hong Kong and China jurisdictions they operate in.

3.      Cost-effective tax compliance and reporting services: We offer cost-effective tax compliance and reporting services to our clients to reduce their overall tax expense.

4.      Regular communication: We are committed to providing close, personal attention to our clients and regular communication throughout the year.

 

Scope of Our Resident Local Individual Director Service:

 

1.      Appointing a nominee individual director: Our team member acts as the Nominee individual director for the client's directorship, fulfilling the statutory requirement of having at least one natural director of a private company.

2.      Compliance with statutory requirements only: Our service is offered for statutory compliance only. The resident director will not be involved in any management, commercial, or bank operational matters of the company.

3.      Appointment of executive directors: The client must appoint himself/herself or another individual (who can be foreign individual(s)) as the executive directors who will be responsible for running the company.

4.      Bank signatory: The client acts as the bank signatory.

5.      Resignation of resident director: The client can require our resident director to resign at any time by identifying another person who will be acting as the individual director.

6.      Company secretarial, accounting and auditing service: The client is required to engage our Company secretarial, accounting, and auditing service unless otherwise approved by our compliance team for our understanding of the business.

7.      Monthly statements: The client is required to provide copies of their company's bank and financial statements on a monthly basis.

8.      Bank account selection: The bank account must be with a bank that is on our list of majority of International banks.

 

Why International Tax (HK) Co. Ltd. is Qualified to Provide This Service:

 

1.      Experience: We have extensive experience in dealing with Hong Kong's legal and tax compliance requirements and have helped numerous clients meet statutory requirements and achieve their business goals.

2.      Expertise: Our team of professionals possesses the necessary expertise to provide practical guidance and ensure compliance with the law.

3.      International Connections: Our strong international connections and relationships with reliable overseas professional tax partners allow us to provide comprehensive and effective solutions to our clients.

4.      Cost-effective services: We offer cost-effective tax compliance and reporting services to our clients to reduce their overall tax expense.

5.      Regular Communication: We are committed to providing close, personal attention and regular communication to our clients throughout the year to ensure that they understand their tax obligations and comply with legal requirements.

6.      In summary, at International Tax (HK) Co. Ltd., we understand the importance of compliance with Hong Kong's legal requirements, and our Resident Local Individual Director Service ensures that our clients meet statutory requirements. With our expertise and experience, we offer practical guidance and cost-effective services, enabling our clients to focus on their business operations and growth.