USK CONSULTING LIMITED

Home
United Kingdom
London
USK CONSULTING LIMITED

USK CONSULTING LIMITED
Professional Company Formation and Secretary Service Provider

We are dedicated and privileged to offer the specialised management consulting services to the SMEs from their companies start-up and continuing development in the future. We use and consolidate our expertise to offer the best solutions to our clients in order to help them succeed in their businesses. We focus on what our clients think, demand and pursue in order to achieve beyond their expectatio

ns. We hold onto the belief that confidentiality, professionalism and integrity is the core of our business.

24/07/2023

What is an Offshore Account in Mainland China?

An offshore account is a type of business account opened in an offshore banking business department in accordance with the relevant provisions of the law. An offshore account is a foreign account and is more secure and less regulated. Offshore accounts in mainland China can be opened by all overseas companies, foreign government agencies, economic organisations, international organisations and legal persons.

Offshore Accounts Types and Meanings:
- Non-Resident Account (NRA)
- Offshore Account (OSA)
- Free Trade Non-Resident Account (FTN)

The main advantages of offshore account are as follows:
1) Freedom of funds transfer, the company's offshore account is equivalent to the account opened in the foreign bank, you may freely transfer funds from the offshore account without subject to domestic foreign exchange control.

2) Deposit interest rates, varieties of diverse and flexible, deposit interest rates, varieties are not subject to domestic regulatory restrictions, preferential interest rates than similar deposits in offshore banks, access and flexibility. Especially large deposits, according to the needs of the customer, in the interest rate, term, etc., tailor-made, flexible and convenient.

3) Exemption from deposit interest tax. The Chinese government exempts interest on offshore deposits from deposit interest tax. The actual net income of offshore deposits is more considerable.

4) To improve the efficiency of capital operation, the company can make full use of the service characteristics of banks that can provide both onshore business and offshore banking business functions, reduce the comprehensive cost of funds, speed up the turnover of domestic and foreign funds, and improve the efficiency of fund use.

5) Domestic control, offshore operation. The use of offshore accounts to receive and pay foreign exchange is very convenient and flexible.

6) Offshore banks provide traditional banking services, including deposits, credit, international wire transfers, asset management, trade and foreign exchange business. Overseas companies can open multi-currency offshore accounts, which is more flexible and convenient compared to onshore accounts in China. And when accepting international payments, the rates and charges are relatively low, it is not subject to China's foreign exchange control.

At USK, we assist foreign businesses who are hoping to register their companies in mainland China, Hong Kong and offshore jurisdictions. Our professionals are used to the strict regulatory schemes in the country and have developed strong relationships with regulatory agencies and financial institutions.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

18/07/2023

Offshore Company Formation Services with USK CONSULTING LIMITED

An offshore company refers to a corporate entity formed outside a particular jurisdiction where the company operations are carried out. In simple words, offshore means located or situated beyond one's national boundaries. USK CONSULTING LIMITED provide Offshore International Business Company (IBC) formation services in various offshore jurisdictions for our clients.

Offshore IBCs are mainly characterized by the advantages as follows:
- Exemption from corporate tax or legal minimization of domestic and international tax
- Well-established and stable economic and legal system of different offshore jurisdictions
- Confidential policy and non-disclosure of beneficial ownership to the authorities
- Free trade of your products
- Free control of foreign exchange transaction
- Raise the international image of your business
- List the company on the market
- Use the offshore company as a holding or trust company

USK offer Offshore IBC formation in different offshore jurisdictions, namely, Seychelles, Marshall Islands, Samoa, British Virgin Islands, Cayman Islands, Saint Vincent and the Grenadines, Belize, Anguilla, Mauritius, Vanuatu, etc. We also provide individual and corporate bank account opening services through our banking partners in Hong Kong, Singapore, Europe, and America.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to info@uskconsulting.

10/07/2023

Hong Kong Company Incorporation Services with USK CONSULTING LIMITED

Hong Kong Special Administrative Region (HKSAR) is one of the world’s leading financial centers as well as a free harbor for international trade. HK is a popular jurisdiction for foreign investors and entrepreneurs. Not only does it provide access to mainland China, but doing business in HK also means you will benefit from a tax-friendly environment, international market, and pro-business policies. HK is one such economy that has attracted several global businesses to expand their operations. In recent years, HK has been one of Asia’s premier gateways for businesses worldwide.

10 Benefits of Setting Up a Company in Hong Kong:
• Attractive tax regime
• Free economy and trade
• World-class infrastructure
• Strategic location
• Productive workforce
• An effective legal system
• Pro-business environment
• Well-developed banking and finance system
• Straightforward access to mainland China
• Stable economic and political environment

USK offer one-stop and comprehensive Hong Kong Company incorporation and management services. We provide the annual statutory accounting & auditing, tax filing, annual return, and company secretarial services of your HK company. We could assist the clients in opening corporate bank account with reputable HK banks such as HSBC, Standard Chartered, DBS, Bank of East Asia etc.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

07/07/2023

Corporate / Individual Bank Account Opening in Hong Kong

Hong Kong, together with New York and London, is known as one of the world's three major financial centres and is one of the wealthiest and most prosperous regions in the world. One very important reason is that Hong Kong practises a flexible and vigourous market economy, free exchange of foreign currencies, and serves as gateway into the mainland China.

The main benefits of opening a bank account with a Hong Kong bank are as follows:
1. No foreign exchange control
2. Convenient for financial transactions
3. Convenient international trade settlement
4. Exemption from deposit interest tax
5. Simple account operation
6. Improve company image
7. Improve the efficiency of integrated operation of domestic and foreign funds
8. Purchase of Hong Kong insurance and financial products

After your HK bank account is successfully opened, you may enjoy a wide range of HK integrated account products and services include 1) HKD Current Account, 2) HKD Saving Account, 3) Foreign Currency Account, 4) Online Banking, 5) Phone Banking, 6) Debit Card (UnionPay / Visa / Master), 7) Investment Account (stock, gold, foreign exchange trading), etc.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

04/07/2023

WFOE Annual Joint Inspection and Corporate Income Tax Reconciliation Services

Under current legislation, all Foreign Invested Enterprises such as Wholly Foreign Owned Enterprises (WFOE), Joint Ventures (JV), and Representative Offices (RO), are required to be audited on an annual basis. This statutory requirement has to be met prior to business license renewal every year.

The annual inspection undertaken by the Statement Administration for Industry and Commerce (SAIC) requires the company to declare its business situation each year by 30th June and is one of the year-end activities companies must undertake in order to remain valid and legal in China.

GOVERNMENT AUTHORITIES INVOLVED IN THE ANNUAL INSPECTION
• Commission of Commerce
• State Administration of Industry and Commerce
• Bureau of Quality and Technical Supervision
• Tax Bureau
• Bureau of Statistics
• Foreign Exchange Supervision Bureau
• Customs Bureau

The Corporate Income Tax (CIT) reconciliation & clearance is required by the tax authorities and refers to the activities for which the taxpayer calculates the taxable income and the payable amount of CIT. This is done within four to five months after the end of the previous financial year. The taxpayer should subsequently fill out the annual corporate income tax return forms, file an annual corporate income tax return to the competent taxation authority, provide relevant materials as required by the taxation authority and finally settle the amount of corporate income taxes for the whole year.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

03/07/2023

Chinese Visa Services with USK CONSULTING LIMTIED

Chinese visa is a permit issued by visa authorities of the People’s Republic of China in accordance with its laws and regulations to a foreign citizen for entry into, exit from or transit through Chinese territory. The Chinese visa authorities will issue a diplomatic visa, courtesy visa, service visa or ordinary visa according to the foreign citizen’s status, purpose of visit and type of passport.

There are different categories of visa with each distinct purpose of visiting to mainland China. We can help expatriate obtain F visa (a visa for business visit and exchange invited by a China Company), L visa (tourism visa in mainland China), Z visa (a visa for employment purpose for foreigners working in mainland China) including work permit and residence permit application / change / renewal services, and family visa issued to those wishing to visit family members that are foreigners / Chinese working or studying in China.

Foreigners are clarified into categories A, B or C depending on their education background, professional areas, personal achievements, working experience, salary level as well as the needs of the Chinese labor market, i.e.,
Category A - Top talents
Category B – Specialists
Category C – Others

Each visa service is unique. With our processional and hands-on experience and up-to-date information and regulations from the Chinese visa bureaus, USK are expert in offering the free consultation and help you apply for Chinese visa suits your needs.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

30/06/2023

WFOE Statutory Monthly Accounting, Book-keeping, Tax Filing Services

All wholly foreign-invested enterprises (WFOE) registered in China are required to keep accounting records of business activity, to file tax returns and to pay taxes on a monthly or quarterly basis, as well as to undergo annual audits and annual inspection in various administrative inspections. USK specialises in providing accounting services for foreign-invested companies.

Accounting services for China Company includes the following:
• Initial accounting system set-up
• Preparing of supporting documentation (bank statements, bank advice, invoices, etc)
• Bookkeeping (maintaining books and records in accordance with China accounting standard)
• Maintaining the general ledger and subsidiary ledger
• Processing sales and purchase invoices
• Preparation of financial statements in conformity with the accounting provisions of the People's Republic of China: profit and loss account, balance sheet and cash flow statement
• Preparing of monthly report on the calculation of tax payable in the current tax period in English and Chinese
• Preparing and filing tax reports to China tax authorities (VAT, business income tax, individual income tax, etc.)
• Tax refund procedure (when necessary)
• Consultation about accounting and taxes rules and regulations in China

We can also advise you with tax planning that might help the WFOE reduce the burden of tax on itself and its staff. Although China’s regulations can be burdensome, the key is to be organized, on time and ensure proper supporting records. The regulations are continually changing and overall it should become easier for foreign firms going forward.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

29/06/2023

China Company Incorporation Services with USK CONSULTING LIMITED

USK CONSULTING LIMITED was established since 2013 with a global presence in Europe and Asia. Our professional consultants are specialised in China Company registration (WFOE, Joint Venture, Representative Office), accounting & auditing, book-keeping and tax filing, tax optimization, legal consulting, annual inspection and IP services to help you maintain your company and business from developing. We use our experience and expertise to help our clients enter the China market through your company start-up and continuing development in the future.

We are able to help you register China Company through our successful experience:
• Consulting Services Industry
• IT Service Industry
• Cultural & Creative Services Industry
• Food and Beverage Industry
• Logistics & Transport Industry
• Manufacturing Industry
• International Import and Export Trading Industry
• Artificial Intelligence Industry

We are also able to help you register offshore company in various jurisdictions (Hong Kong, Macao, Singapore, BVI, Seychelles, Marshall Islands, Cayman Islands, UK, USA, Europe, Australia, Canada, etc.) and advise our clients in opening company bank account.

Please visit our company website for more information www.uskconsulting.net , and you may send your enquiry to [email protected]

Address

Chase Business Centre, 39-41 Chase Side
London
N145BP

Telephone

+86 13761057383

Website

http://www.uskconsulting.net/

Alerts

Be the first to know and let us send you an email when USK CONSULTING LIMITED posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.