Case Study : Company Formation in Hong Kong for an Australian Client

ASC Consuluting
May 13
2 min read

Client Profile

An Australian entrepreneur preparing to expand operations across Asia and Europe. With no prior structure in Asia, the client sought a flexible, tax-efficient base to centralize operations and manage future structures in China and the EU.

Overview of the Full Expansion Strategy

This is the first step of a comprehensive international setup. The client’s journey included:

Company formation in Hong Kong
WFOE creation in Mainland China
VAT registration in France
Integrated accounting across jurisdictions
Opening a corporate bank account in China
Implementation of Monday.com as a digital backbone
Sourcing optimization and supply chain management

Each step is addressed in a dedicated case study, illustrating how ASC Consulting and its ecosystem supported the client from planning to execution.

Context & Objectives

The client needed:

A fast and simple company setup
No local substance required initially
A multicurrency business account
A scalable structure to connect later with Chinese and European entities

Our Intervention – ASC Consulting for his Company Formation in Hong Kong

Company Formation in Hong Kong: Full incorporation of a Hong Kong Limited company, 100% remotely, within 48 hours
Name Check & Reservation: Provided rapid screening of company name availability and secured the client’s preferred choice
Registered Address & Company Secretary: Delivered from day one to meet local compliance requirements
Bank Account: Opened a multicurrency account with ZA Bank just three days after incorporation
Accounting Tools: Set up Xero, customized the chart of accounts, and created a financial dashboard aligned with the client’s needs
Trademark Protection: Registered the client’s brand in Hong Kong to secure intellectual property from the start
Compliance: Completed IRD registration, explained tax obligations, and structured a compliant audit and profit tax calendar
Operational Tools: Integrated Monday.com to manage onboarding, document flows, CRM, and finance tracking

Results

The client’s Hong Kong company was fully operational in less than one week.

Within three days of incorporation, the multicurrency bank account was active, enabling incoming payments and supplier settlements.

All processes, including accounting and CRM, were centralized and automated from the beginning, offering the client real-time visibility over operations.

The brand’s trademark was secured early on, reinforcing the legitimacy and protection of the client’s commercial identity.

Operations began during the same month of incorporation, with the first business partners onboarded directly into Monday.com.

Everything was done 100% remotely, no travel, no paperwork, no delay.

This structure became the backbone for all future expansions in China and Europe.

Suggested Next Steps

Setup of a WFOE in Mainland China
VAT registration in France
Consolidated reporting and group structure optimization