Accountant Explains: Cashing Out from Your Hong Kong LLC

🌍💼 Unlocking Your Hong Kong Business: How to Withdraw Profits Legally!💰 💰

In this video, I’m Raymond, a CPA based in Hong Kong and co-founder of Reachtop. We'll explore four common methods for withdrawing funds from your Hong Kong company as a foreign owner:

1. Director/Shareholder's Loan💳
2. Dividend Declaration 📈
3. Director's Salary 💵
4. Reinvestment 📊

✨ Key Points:
Hong Kong has no foreign exchange restrictions, no remittance tax, no dividend tax, and no capital gains tax.
Withdraw funds freely without tax implications!

📋 I’ll explain how each method works, and you’ll learn how to manage your money effectively while living abroad.

🔗 If you want personalized advice, click the link in the comment box to schedule a one-on-one consultation.

👍 Don't forget to like and subscribe for more tips on international business!

Have a great day! 🌟

Chapters:
00:00 Introduction to the Scenario, Profit, and Withdrawal Methods
01:24 Method 1: Director/Shareholder Loan
Learn how to withdraw a lump sum as a loan and how to use company debit cards for personal expenses.
02:05 Method 2: Dividend Declaration
Discover how to declare dividends to offset your loan balance, including necessary documentation.
02:49 Method 3: Director's Salary
Explore the implications of taking a director's salary and how it affects personal tax.
03:33 Method 4: Reinvestment
Understand the benefits of reinvesting profits under your Hong Kong company and the tax advantages.
04:17 Conclusion and Next Steps
You can mix and match these withdrawal methods based on your tax situation. For more personalized advice, click the link in the comment box below to schedule a consultation.
05:00 Outro and More Videos!

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