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Work for New Zealand Corporates and Individuals
We do not quote a specific scale, as we do for Hong Kong work (set out below) but our charge out rate is between NZ$350.00 to NZ$500.00 per hour.
Some of the work we advise on is as follows:
- Trading opportunities for NZ Companies in Hong Kong and China. We have an affiliated firm in Shanghai
- Formation of joint ventures in Hong Kong and China
- Setting up of rep offices in Hong Kong and China
- Hong Kong as a regional office for trading and distribution- the tax advantages, and its status as the gateway to China.
- Intellectual property issues
- All other work referred to in the summary of Hong Kong work mentioned below.
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Hong Kong Law from New Zealand:
This is a brief summary of commercial legal work we undertake from New Zealand, and a summary of fees. There is some work we may undertake with our associated legal firm in Hong Kong where rates may be higher. However, unless otherwise indicated, fees are quoted on the basis that all work and documentation is undertaken by us in New Zealand, from where we operate with the benefit of low overheads and up to date technology.
Please note that we are a New Zealand based and licensed firm, and practice selected New Zealand commercial law as well for selected clients.
Fees quoted are exclusive of disbursements, and in Hong Kong Dollars. Our charge out rates do not exceed HK$2800.00 (US$350.00) per hour. We may ask for a costs and retainer agreement to be signed summarizing work to be done and the fee to be charged. |
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New Companies
| 1. Hong Kong Company |
$11,000.00 |
| 2. BVI Company |
$7,000.00 |
(The above fee includes a simple shareholders agreement with two shareholders, Company kit and set up charges)
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Commercial Contracts
To peruse any commercial contract, or other documentation, and to prepare commercial documentation not otherwise detailed below.
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$1,800.00 to
$2,120.00 /hr |
Acquisition/disposal agreements/ sale and purchase of shares of Hong Kong/BVI Company
| 1. Perusal and comment on agreements- no re- drafting. |
$2,000.00 to
$4,000.00 |
| 2. To receive instructions, prepare agreement, search Company- simple agreement where consideration is below HK5.00 Million |
$6,500.00 to
$10,000.00 |
| 3. To receive instructions, prepare agreement, searches - complicated agreement between HK$5.00 Million to HK$10.00 Million which includes profit guarantees, full Vendor warranties, options over shares etc. |
$10,000.00 to
$20,000.00 |
| 4. To receive instructions on major sale/acquisition over HK$10.00 Million including consideration of Listing Rules, options over shares, pref. trick planning to defer stamp duty, profit guarantees, transfer of loan accounts etc. including settlement documentation |
$10,000.00 to
$25,000.00 |
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Shareholder Agreements
| 1. To prepare simple shareholders agreement between two or more shareholders with pre -emption rights on transfer of shares |
$10,000.00 to
$15,000.00 |
| 2. To prepare complex shareholders agreement with options over shares, guarantees of bank accounts, more complex pre-emption provisions, restraint of trade provisions etc. |
$20,000.00 to
$45,000.00 |
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Joint Venture Agreements
To discuss and prepare joint venture agreements, establish joint venture Company, including holding Company in BVI (fee quoted does not include cost of Company Kit)
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$15,000.00 to
$25,000.00 |
Option Agreements
To prepare simple option agreement to acquire shares
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$6,000.00 to
$8,000.00 |
Listing Rules
To advise on transactions involving Listing Rules of the Stock Exchange of Hong Kong (rates quoted assume simple cases only - fees may be higher with complex connected transactions)
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$5,000.00 to
$8,000.00 |
Employment
To prepare Hong Kong employment contracts, including advising on tax effective terms and conditions.
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$8,000.00 to
$12,000.00 |
Intellectual Property
Usually done in conjunction with Hong Kong office at HK charge out rates if registration of trademark involved but for general advice
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$2,200.00 /hr |
Computer Contracts
To prepare Hardware sales agreements License and support agreements, commissioned software agreements, and certain distribution agreements with retailers
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$10,000.00 to
$15,000.00 |
Entertainment
To prepare literary property option agreements, production and finance agreements, media distribution agreements, and a wide range of other agreements involving assignment of copyright etc.
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$8,500.00 to
$15,000.00 |
Agency and Distribution
To prepare sales agency agreements and distribution agreements
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$9,000.00 to
$12,000.00 |
Sale of Goods
To prepare standard conditions, supply agreements, conditions for purchase of goods etc.
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$5,000.00 to
$8,000.00 |
Franchising
To prepare franchise agreement, user agreements etc.
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$15,000.00 to
$25,000.00 |
Credit and Finance
To prepare loan agreements, cash advance facility letters, secured guarantees, debentures pledges and charges over shares, deposits
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$10,000.00 to
$15,000.00 |
Merchandising and Sponsorship
To prepare merchandising agreement, sponsorship agreement etc.
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$6,000.00 to
$9,000.00 |
Management Buyouts
To prepare heads of agreement, confidentiality letter, offer letter from venture capital institution, subscription agreement, Board minutes etc.
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$15,000.00 to
$20,000.00 |
Trusts, personal financial Planning
To advise on personal tax planning in Hong Kong and prepare and set up trusts offshore, including Hong Kong death duty planning, including personal attendances, visits to Hong Kong
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$25,000.00 to
$45,000.00 |
Tax Investigations
We have often avoided assessments of profits tax by the IRD in Hong Kong by preparation of proper Company minutes dealing with sales/acquisitions. To advise, prepare minutes on tax investigations we charge
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$10,000.00 to
$15,000.00 |
Wills
To advise on a will, prepare and attend execution of a will
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$5,000.00 to
$9,000.00 |
Notes:
1. All fees payable in Hong Kong Dollars in Hong Kong.
2. We are happy to quote a fixed fee for any work
3. For larger transactions and certain types of work we visit Hong Kong for meetings and conferences.
4. This scale of charges is current for the year 2010. We reserve the right to vary the scale without notice.
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