Klako Group International Accountants & Consultants in China & Hong Kong

Transcription

1 International Trade Programs Klako Group International Accountants & Consultants in China & Hong Kong Visit our website at or contact our offices in China: Hong Kong 10A Seapower Ind. Centre 177 Hoi Bun Road, Kwun Tong Kowloon, Hong Kong Tel: (852) Fax: (852) Shanghai Cross Tower 318 Fuzhou Road Huangpu District Shanghai, (Crossroad with Shandong Road) Tel: Fax:(86) Beijing 14/F IBM Tower, Pacific Century Place 2A Workers Stadium Road, Chaoyang District Beijing, Tel: (86) Fax: (86) Shenzhen 901 Kerry Center, 2008 Renmin Nan Road, Luohu District Shenzhen, Tel: (86) Fax: (86)

2 How our International Import Program works Your Current Structure: YOUR EXISTING Our International Import Program: YOUR CUSTOMERS OR YOUR EXISTING YOUR NEW HONG KONG Profits now build up in Hong Kong and can be structured to be either tax free or subject to 16.5% tax. Klako Group tax experts can arrange for the legal repatriation of the profits through a variety of tax-efficient methods Klako Group can cost-effectively manage all functions of your Hong Kong company by providing company formation and subsequent outsourcing services such as accounting, tax, trade documentation, logistics, treasury management, financial reporting and corporate compliance Page 2 of 5

3 How our International Export Program works Your Current Structure: YOUR EXISTING YOUR CUSTOMERS OR YOUR DISTRIBUTORS Our International Export Program: YOUR EXISTING OR YOUR NEW HONG KONG Profits now build up in Hong Kong and can be structured to be either tax free or subject to 16.5% tax. Klako Group tax experts can arrange for the legal repatriation of the profits through a variety of tax-efficient methods YOUR CUSTOMERS OR YOUR DISTRIBUTORS Klako Group can cost-effectively manage all functions of your Hong Kong company by providing company formation and subsequent outsourcing services such as accounting, tax, trade documentation, logistics, treasury management, financial reporting and corporate compliance Page 3 of 5

4 Benefits for You Greater Flexibility Having your own International Trade Program allows you far greater flexibility in how you sell and to whom you sell. You have the choice of whether to sell ex-warehouse or on an FOB Asian port basis. You have the choice of selling some product lines from your warehouse and others on an FOB basis. You have the choice of selling some of your customers from your head office and others from your Hong Kong company. FOB Asian Port Selling on FOB terms means you do not have to incur freight, insurance and warehousing charges. This means you can sell at lower prices while maintaining your profit margins. Prestige Having your own Hong Kong company with a Hong Kong address will give you greater face among your Asian vendors. It shows your commitment to Asia and the growth of your business. Less Credit Risk Many retailers will only buy on open account from a domestic supplier but will agree to open a L/C to an overseas supplier. Having your Hong Kong office as the supplier means you are more likely to get a L/C for their order. This will reduce your credit risk as you are guaranteed to get paid. Improve Cashflow and Free Up Your Capital Your customer will be more inclined to give you a L/C if their order is opened to your Hong Kong company. Klako Group will arrange to have that L/C transferred to your Asian vendor. This will free up your capital so you do not have any money tied up in the order. Bank Credit You will have the advantage of receiving bank credit for your Hong Kong company after 1 to 2 years. Low Taxes Hong Kong has extremely favorable tax structure for companies engaged in international trade. The profits generated by your Hong Kong company will be taxed at 16.5%. The profits can remain in your Hong Kong company, from where it is then possible to make outward investments around the world. Market Internationally You will be able to market your products internationally from a Hong Kong base to new buyers who now see you as an Asian vendor. Confidentiality We can structure your arrangements to ensure a high degree of confidentiality. Page 4 of 5

5 Benefits for Your Customer Buy Direct Retailers are pushing their buyers to get closer to the suppliers and buy direct from Asia. An International Trade Program allows those buyers to buy from an Asian company while maintaining contact with their domestic suppliers. Distribution Costs Many retailers can buy freight and insurance cheaper than most importers. An International Trade Program could result in lower, landed cost to the retailer. Shipment Co-ordination Goods from a number of vendors can be consolidated in Asia, thereby reducing the need to pick and pack shipments at the destination port. Asian Outlook Their Hong Kong buying office can deal with your Hong Kong office without any time or language difference. Small issues get resolved before they become big problems. Benefits for Your Vendor Communication Our staff speak a number of Asian languages. We can speak to your Asian vendors in their language, thereby reducing the likelihood of problems arising. Similar Time Zones Because we are in similar time zones as most Asian vendors, our staff can turn around documents faster and communicate with your Asian vendors and your customer s buying offices in the same working day. Prestige Your vendors will feel more comfortable dealing with you if they feel you have made the commitment to a Hong Kong presence. Page 5 of 5