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Success Story

Avoid disclosing supplier information - protecting trading business

Background
  1. Mr. A originally sourcing from China company (C Ltd) and selling to his client in Egypt (E Ltd);
  2. Goods shipping directly from china supplier C Ltd to E Ltd;
  3. E Ltd found C Ltd on the bill of lading and deal with C Ltd directly in future;
  4. Mr. A lost his client.
New arrangement
  1. Mr. A setup a Hong Kong Company (H Ltd);
  2. H Ltd becomes the middle trading company - buying from China and selling to Egypt;
  3. Goods still shipping directly from China to Egypt;
  4. Shipping document send to Hong Kong (H Ltd or it's representative) to :
    • Change "Certificate of Origin" (CO) issued country
    • Change "Bill of Lading" (B/L) via Hong Kong office of the China shipping company
    • Arrange certification of invoices, packing list etc. documents by trade consul or embassy of Egypt.
  5. New shipping document send to E Ltd.
Benefit
  • Hide sourcing information to avoid client directly deal with supplier.
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AbacusHKCPA - Certified Public Accountants base in Hong Kong (HK) - ACCA, HKICPA, providing services of

company formation, financial management, business advisory, tax planning, auditing and accounting.