Business Support Services

Business Support Service

 

Hong Kong provides unmatched benefits to individuals and businesses to leverage the DTAA treaties, tax benefits and more. But, it requires customized solutions to achieve financial prudence.

GEEKAYSYS with its expert solutions is your trusted partner in enabling International Business, Wealth Planning & Asset Protection and International Fund Operations.

  • Hong Kong is a Special Administrative Region of China and enjoys a unique relationship with it and hence is an easy gateway into China and its over 500 million consumers.

  • Exempt from Capital Gains Tax, Withholding Tax, Interest Income and Dividend Income taxes.

  • Favorable benefits of Double Tax Avoidance Treaties with China as well as other countries like Netherlands, Austria, France, Hungary, Indonesia, Japan, Liechtenstein, Luxemburg, Malta, New Zealand and UK.

  • Territorial tax regime, which exempts offshore income from Tax.

  • GEEKAYSYS has a team of professionals who are multi-lingual, multi-ethnic and are an eclectic mix of Chartered Accountants and Financial services professionals.

 

Business ProcessesSupport Services
 

Establish sales / purchase contract:

 

Covers the interactionsbetween buyer and seller in establishing the sales contract (orpurchase order), which is the basis for the subsequent traderelated interactions.

 

Apply and obtain insurance coverage:

 

Covers theinteractions between buyer / seller and insurance company inestablishing the insurance coverage for the execution andfulfillment of the sales contract. The trade terms in the salescontract determine the responsibility for initiating the insurance
coverage and the corresponding cost.

 

Letter of Credit (L/C) application and processing (fordocumentary credit only):

 

Covers the interactions betweenbuyer / seller and banks for L/C application and processingwhen trade payment is settled through documentary creditarrangement.

 

Letter of Credit (L/C) application and processing (fordocumentary credit only):

 

Covers the interactions betweenbuyer / seller and banks for L/C application and processingwhen trade payment is settled through documentary creditarrangement.

 

Prepare goods for delivery:

 

an internal process for the sellerto prepare the goods for delivery which also produces criticalcommercial documents including commercial invoice, packinglist, and bill of exchange etc.

 

Apply and obtain license / certificate / permit and submitnotification for both exportation and importation:

 

Theprocess is applicable when the goods to be exported orimported are subject to control under the legislation of theGovernment. Appropriate export or import licenses / certificates/ permits must be obtained from relevant governmentdepartments before any exportation or importation can takeplace.

 

Present and verify trade documents for financialsettlement:

 

Covers the interactions between buyer / seller andbanks for processing the LC settlement. This process is onlyapplicable when trade payment is settled through documentarycredit.

 

Submit trade declaration:

 

the submission process of thetrade declaration from exporter or importer to the Census andStatistics Department within 14 days after exportation orimportation.

 

Payment and receipt management (for the provision oftrade and logistics services):

 

the invoicing, paymentprocessing and confirmation process for settling the provisionof trade and logistics service charges including insurancepremium, inspection services, freight charges, transportationcharges, etc.

Room 1308, 13/F, CEO Tower, 

77 Wing Hong Street, Cheung Sha Wan, 

Kowloon, Hong Kong.

Tel  :  +852 27442685

 Fax:  +852 35448091

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