FUNG, YU & CO. CPA LIMITED | Hong Kong

About Us

When you work with Fung, Yu & Co CPA Limited, you tap into more than a century of combined experience. As a firm, we trace our history back to 1973, when two of Hong Kong's most respected young accounting firms—Fung and Company, Chartered Accountants and Frederick Yu and Company—became one. We specialize in helping offshore organizations establish footholds in the fast-growing markets of Hong Kong and mainland China, the most populous and energetic markets in the modern world.

"New blood" keeps any marketplace dynamic and sharpens competition—and our China markets are no different. This is why we are always eager to partner with innovative, sincere foreign businesses that wish to expand into Hong Kong and China, or simply want to make our city their corporate headquarters. Hong Kong is within easy reach of half of the world's population, not just in China but throughout Asia and points south. We are particularly adept in the Chinese markets, of course, and can help you navigate these markets with an ease that non-native service companies simply cannot match.

We pride ourselves on our professionalism, top-quality work, and the personal touch we can offer as a comparatively small firm. However, we maintain five global offices with over 80 staff fluent in Chinese, English, and French, so we have a larger firm's reach to match our expert local knowledge of Hong Kong and China. All this adds up to a smooth entry for your business as you enter the China market.

We feel that one of our most important services is helping clients open their crucial corporate bank accounts in Hong Kong. This can be an arduous process for those without ties to the local financial community, tying up resources for months and sometimes resulting in refusal. Without a Hong Kong corporate account, however, you cannot become a listed company in Hong Kong. A partnership with Fung, Yu, and Co. can expedite and simplify the corporate account acquisition process.

Other helpful services we offer include:

Hong Kong Company Formation
We can easily set up an office for you in Hong Kong, standing up for your interests in the process and easing your transition into our vibrant city.

China Company Formation
Hong Kong maintains strong ties to mainland China, with which we share many cultural aspects, a common language, and legal and financial systems—all of which our firm has mastered.

Company Secretarial Services
We can allocate a Company Secretary for you, to provide local guidance in all aspects of business, ensure compliance with local laws, and meet all requisite rules and regulations. China requires each listed company to have a Company Secretary, and with our assistance, you need not assign your own staff to the role.

HR Services
Among other functions, Fung, Yu, & Co. can help you with payroll, statutory retirement scheme, hire suitable international and local employees, provide advisory services to your company, and coordinate other Human Resources services as needed.

Statutory Auditing
We follow Hong Kong Financial Reporting Standards (HKFRS) or International Financial Reporting Standards (IFRS) in our yearly statutory audits, ensuring legal compliance and intercepting potential issues before they escalate.

Accounting and Assurance Services
Hong Kong and mainland China taxes, both corporate and individual, are among our specialties. We can also conduct business valuations, internal control reviews, special assurance services, due diligence, and forensic accounting and litigation support.

Our local knowledge of China and Hong Kong is peerless, underlying and informing all aspects of our work and the services we provide. You are truly in excellent hands with Fung, Yu & Co. as your local partner.

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