Company Incorporation Services - China or Hong Kong

Responsive to our clients' needs and expectations, we help them to incorporate in Hong Kong , China and other countries (B.V.I., Mauritius , Cayman , Panama , Bahamas and Bermuda ), and provide comprehensive corporation and business services. Why Incorporate an Overseas/Offshore Company? 1. Enhance the Capital Raising Capabilities: You are eligible to apply for commercial loans, project loans or overseas IPO through your overseas company. 2. Explore the overseas markets: It is more effective to explore the overseas markets through an overseas company. 3. Make a Better Company Image: International companies and group companies always have a better company image. 4. Reduce Financial and Tax Burden: All overseas companies enjoy tax exemption or reduction. 5. Enjoy the Benefits of Reverse Investment: Overseas companies can be operated in Mainland China as foreign enterprise or Foreign Equity JV and thus enjoy a series of favorable policies. 6. Enjoy the Facilities of FOREX Settlement and Letter of Credit: Through your overseas company, you eligible to open bank accounts in China and other countries and access the services of savings, cheque, letter of credit, phone banking and foreign exchange. 7. Make ease of applying for immigration and travel VISA: A legal channels to prove you are the shareholder of an overseas company in terms of shareholding, estate and equity. *Advantages of Establishing a Hong Kong Company: 1. No Special Restriction Apply to Company Name: There is no special restriction apply to company name in Hong Kong . You can include those wordings such as "International", "Group", "Holding", "Industrial" and "Investment" in your company name. 2. Scope of Operation: The limit to scope of company operation in Hong Kong is minimal, in result of high flexibility in running your business. 3. Low Tax Rate: The tax in Hong Kong is low and simple. There are no custom tariffs in Hong Kong and the customs formalities for goods imported and exported are minimal. Excise duties are levied only on tobacco, liquor, methyl alcohol and hydrocarbon oil, whether imported or locally manufactured. 4. No Requirement as to the Minimum Amount of Share Capital: There is no requirement as to the minimum amount of share capital in Hong Kong . As a result, many Hong Kong companies have only a paid up capital of HK$10,000. 5. New Opportunities in the China and other Countries: A Hong Kong company can be your window to the world, enabling you to tap new opportunities in the mainland China and other countries. 6. Better Commercial Financing Support: Hong Kong is the leading South East Asian centre for both finance and commerce and ranked as the world's third largest financial centre after New York and London . It enhances your access to commercial financing in support of your business development goals. You can send Letter of Credit directly to overseas and leverage your running capital. 7. Free Trade: Hong Kong advocates and practices free trade. There are no hidden "extras" like Medicare and sales taxes. Hong Kong and over 100 countries signed the Agreement on Mutual Abolition of Visa Requirements. Tariff is not imposed on the goods exported from Hong Kong in many countries. Moreover, Funds, either from profits or capital account, may be transferred at will, in and out of Hong Kong . Furthermore, there are no foreign exchange restrictions in Hong Kong . 8. Application of Hong Kong Residence: If you prove that your company is making immense contributions to Hong Kong , you can apply for multiple entry permit and even residence from the Immigration Department. Company Secretary Services - Filing of statutory documents such as Register of Members and Register of Directors. - Arranging and attending meetings of directors and shareholders and preparation of minutes. - Preparation and filing of Annual Returns. - Provision of registered office. - Applying for Deregistration of Limited Company and Voluntary Winding Up. - Providing trust service of company assets. Translation Service - Professional translation services in various languages.

The International Standard Serial Number (ISSN) and The International Standard Book Number (ISBN)

The International Standard Serial Number (ISSN) is an internationally recognized identification number for serial publications. An ISSN is an eight-digit standard number that, once assigned, becomes a permanent attribute of the individual serial for as long as it is issued under a given title. Each time the title of a serial is changed, a new ISSN must be assigned. ISSN must never be reused for new or changed serial titles. ISSN is assigned by national and regional centres of the international ISSN Network. This system of international coordination ensures that each ISSN is unique to one serial publication. ISSN can be used wherever information on serials needs to be recorded or communicated.

The International Standard Book Number (ISBN) is a system of numerical identification for books, pamphlets, educational kits, microforms, CD-ROM and other electronic publications. By assigning a unique ten-digit number to each published title, the system provides that title with its own, unduplicated, internationally recognized "identity". Publishers, booksellers, libraries and other participants in the book industry use ISBN to identify publications in order to expedite their handling and retrieval. ISBN ensures that ordering, inventory control and accounting are executed more efficiently.

Difference between ISSN and ISBN

Code Format

International Standard Serial Number (ISSN)

The ISSN consists of two groups of four digits, separated by a hyphen. The eighth character is a check digit calculated according to a modulo 11 algorithm on the basis of the 7 preceding digits. This eighth control character may be an "X" if the result of the calculation is equal to "10".

International Standard Book Number (ISBN)

With effect from 1 January 2007, every ISBN comprises 13 digits. This 13-digits number is divided into five parts of variable lengths. The five parts are as follows:

Part 1: Prefix Element - it is available from EAN International. Currently, 978 is being added as Prefix Element. When ISBNs with 978 are exhausted, new ISBNs with 979 prefix will be issued.

Part 2: Group Identifier - it identifies the national language, geographic or other similar grouping of publishers. The Group Identifier for Hong Kong is "962" or "988".

Part 3: Publisher Prefix - this designates the publisher of a given book.

Part 4: Title Number - this is assigned to a given title or edition of a title by the publisher.

Part 5: Check Digit - it checks the correctness of the ISBN.

(Each part is separated by a hyphen or space.)

If you have not already initiated your company transition plan for ISBN-13, you should begin today. This change will impact all business systems in the publishing industry.

On January 1, 2007, the book industry will begin using 13 digit ISBNs to identify all books in supply chain.

This change is happening for the following reasons:

to expand the numbering capacity of the ISBN system and alleviate numbering shortages in certain areas of the world;

to fully align the numbering system for books with the global EAN.UCC identification system that is widely used to identify most other consumer goods worldwide.

Two new prefixes are being created. The 978 prefix will be added in front of the current ISBN-10 and with the addition of a new check digit at the end, the new ISBN-13 is created.

To convert an ISBN-10 to and ISBN-13, use this Free ISBN Conversion Tool.

If you need assistance converting your entire catalog or inventory file, inquire about ISBN 13 Conversion Services.

The new 979 prefix will not be utilized until all 978 pre-fixes have been assigned. However, 13 digit ISBNs that begin with 979 can never be converted to 10 digit ISBNs. They have no 10 digit counterpart.

The Basics You Need to Know . . . Now

‧ Prior to January 1, 2007, books will continue to be published using ISBN-10s.

‧ Beginning January 1, 2007, all books will be published with ISBN-13s.

‧ During the transition period, BISG recommends that publishers should:

- Print both the ISBN-10 and the ISBN-13 on the Copyright Page in this format:

ISBN-10: 1-56619-909-3 (Old)
ISBN-13: 978-1-56619-909-4 (New)

- Use both the ISBN-10 and the ISBN-13 in all marketing and sales communications materials and business documents such as invoices, packing slips and credit memos.

- Develop the capacity to accept and process orders, credits and returns using both ISBN-10 and ISBN-13. This must be completed by January 1, 2007.

- Print only one bar code on Cover 4 -- the EAN bar code -- and cease using the UPC bar code. The EAN bar code is already a 13 digit ISBN without hyphens.

- Print the ISBN-10 above the bar code for titles published before January 1, 2007.

ISBN: 1-4028-9462-7

‧ After January 1, 2007, the ISBN-13 officially becomes the "ISBN"; and the use of the ISBN-10 should be phased out. However, since customers may continue to order using ISBN-10 beyond that date, publishers and wholesalers should plan to maintain the capability to transact using the ISBN-10, while actively discouraging its use.

‧ For more detail, see the BISG ISBN 13 Recommendations.

‧ Or download a copy of ISBN-13 for Dummies, a special PDF prepared by BISG.

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