Temu semi hosting is about to open for entry on Japanese and Korean websites, so hurry up and register a Hong Kong company!
01 Advantages and Conditions of Joining Temu Japan Korea Station
In order to ensure the smooth operation of the Japanese and Korean markets, Temu has set the following basic requirements for merchants entering:
(1) The seller has stable spot resources in both Japan and South Korea to ensure timely delivery. (2) Currently, only enterprises from Chinese Mainland and Hong Kong are supported to settle in. (3) Sellers can flexibly choose their business categories based on their own resources, and all products must comply with the legal and regulatory requirements for sales in Japan and South Korea.
The first batch of sellers who join Temu first can receive platform subsidy support. The products sold will receive significant subsidies (marketing subsidies, logistics subsidies, professional operation guidance, etc.) and link weights will be increased. The products selected by the platform will also be heavily advertised to ensure a smooth start in the new market!
Many bosses also smell this business opportunity. It is worth noting that at present, only enterprises from Chinese Mainland and Hong Kong are supported to settle in. To settle in Temu Japan South Korea site, Xiaomao suggests registering Hong Kong companies to have more flexible business layout! Action is better than excitement, join early and enjoy!
02 Reasons for choosing Hong Kong company registration
Low registration threshold
The process of registering a Hong Kong company is simple and convenient, without the need for local office work, with relatively low registration costs, unlimited registered capital, and no need for capital verification.
Tax policy advantages
Hong Kong companies have low tax rates and fewer types of taxes (no need to pay value-added tax), which allows for reasonable tax planning.
International trade facilitation
As an international financial center, Hong Kong has a free and open economic system. Registering a Hong Kong company helps businesses expand into international markets and enhance their international competitiveness.
Simple company operation
Only annual review and accounting audit are required each year, which is convenient for the company's operation and management
Freedom of foreign exchange trading
Registering a company in Hong Kong allows you to open a bank account in Hong Kong, freely exchange currencies, and facilitate cross-border e-commerce payments and receipts.
The advantages of Hong Kong bank accounts
√ No foreign exchange control, free use of foreign exchange
√ Reduced tax costs and higher actual deposit returns
√ The account is easy to operate on a daily basis and can be opened for online banking transactions
√ Facilitating trade financing with international banks
Why is choosing Hong Kong company registration better than mainland entity registration?
1. Cross border e-commerce usually requires registering a Hong Kong company for financial and tax compliance
Due to the complexity of revenue recognition for cross-border e-commerce companies, if the receiving entity is a mainland entity applying for a store, the funds need to be returned to the domestic company's corporate or personal account, which will result in issues of value-added tax, corporate income tax, and personal income tax.
2. Hong Kong companies have a wide range of business operations
Industries such as finance and investment, healthcare, shipping and transportation, import and export trade, clothing and textiles are not just single export businesses.
3. Hong Kong has low tax revenue
Companies with large business volumes and strong growth trends can effectively avoid issues such as export customs clearance and unlicensed procurement by registering their stores with Hong Kong entities. Once the application for offshore exemption from paying profits tax is successful, Hong Kong will achieve true tax exemption.
04 Required Information for Registering a Hong Kong Company
1. Company Name: Both Chinese and English or English company names are required, with the English name ending in "LIMITED" and the Chinese name ending in "Limited Company". Xiao Mao suggests not using words such as international, holding, group, investment, management, etc., as it may not pass easily!
2. Registered capital: It is generally recommended to have a capital of HKD 10000, which can be increased or decreased according to the actual situation to provide more convenience for the enterprise.
3. Company director/shareholder: At least one person must be registered in a Hong Kong company, who must be at least 18 years old, have no nationality restrictions, and provide a scanned copy of a valid ID card or passport. Shareholders and directors can be the same person. If there are more than two shareholders, the shareholding ratio of each shareholder must be provided.
4. Business scope: Expressed in English or Chinese, with English descriptions limited to 60 characters and Chinese descriptions limited to 28 characters. The content will be presented on the business registration certificate based on the nature of the business.
5. Company Secretary: According to the Hong Kong Companies Ordinance, a limited company must appoint a company secretary to handle the exchange of documents between the company and the government. The secretary must be a Hong Kong resident or a licensed Hong Kong limited company.
6. Company address: A registered address in Hong Kong is required for receiving various communications and notifications.
