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Question

Offshore Company Set Up Q&A 2

Answer
Q:
Does paid-up capital necessary for French company establishment?
A: Yes, the paid-up capital shall remit to the company’s bank account.

Q:
If I cannot visit France for bank account opening during the pandemic, can I still set up a company?
A:
Yes, Kaizen can provide the entrusted paid-up capital service by lawyer. Investor can remit the capital amount to lawyer’s bank account and the lawyer shall report the situation to the French government, until the investor can visit France for account opening. It shall have no impact on the company establishment.

Q:
What if I do not pay for the annual maintenance fee for the BVI or Cayman offshore company?
A:
Offshore company must pay for its annual maintenance fee. If the company is not under maintenance, it will be deregistered accordingly.

Q:
Is there any penalty if a Hong Kong company does not pay for annual maintenance fee?
A:
Yes. There will be late penalty, the later the higher.

Q:
Do I have to visit Japan for company bank account opening?
A:
In general, yes. However, Kaizen can provide the entrusted paid-up capital during the pandemic, until the investor can visit Japan for the bank opening which shall have no impact on the company set up.

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