How We Work

Simple steps to move your Hong Kong company registered office

Provide your company's details

Get through our simple KYC

Finish the paperwork digitally

Welcome to your new address

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All consultants are qualified Hong Kong company accountants and tax advisors.

Navigate Financial Distress with Confidence

Struggling with unmanageable loan payments? Don’t worry, it’s not the end! At Reachtop KSHK, our qualified CPAs can help you with an Individual Voluntary Arrangement (IVA) to navigate these challenges without resorting to bankruptcy. Let us help you regain control and move towards a brighter financial future.

An Individual Voluntary Arrangement (IVA) is a formal and legally binding agreement between you and your creditors to pay back your debts over a period of time. Here’s why considering an IVA can be a prudent step:

Avoid Bankruptcy: An IVA offers an alternative to bankruptcy, allowing you to manage your debts without the severe consequences that bankruptcy entails.

Fixed, Manageable Payments: Repayments are based on what you can afford, not what creditors demand.

Legal Protection: Once in place, creditors cannot take further legal action and interest on debts is frozen.

Confidentiality: Unlike bankruptcy, IVAs are not advertised, offering you a level of privacy.

Regain Financial Stability

An IVA can be a powerful tool in regaining financial stability, and choosing the right partner to guide you through the process is crucial. At Reachtop KSHK, we are committed to delivering service excellence and offering innovative solutions tailored to the unique challenges of the digital economy.

Top view of stressed young Asian woman hands holding the head trying to find money to pay credit card debt and all loan bills. Financial problem from coronavirus or covid-19 outbreak crisis concept.

Our IVA Services Include:

How We Work photo reference

  1. Book a Free Consultation: Your journey begins with a no-obligation discussion with one of our IVA experts.
  2. Provide Your Information: Share details of your financial situation confidentially.
  3. We Review and Propose a Plan: We develop a tailored IVA proposal based on your unique circumstances.
  4. You Accept, We Execute: Once you approve, we work diligently to set your IVA in motion.

Additional Services

Case Study: Successful IVA Implementation


Businesses operating in Hong Kong only pay tax on income earned in Hong Kong which is a great advantage if your company trades internationally. Even if you do make some sales in Hong Kong the rate is low at 8.25% on profits up to $2,000,000 HKD, and 16.5% on any part of profits over $2,000,000 HKD.


John needed a solution that would allow him to manage his debts without losing his business or personal assets. Bankruptcy seemed inevitable, which would have not only affected his financial stability but also his reputation in the industry.


After a detailed assessment of John’s financial situation, Reachtop KSHK proposed an Individual Voluntary Arrangement (IVA). We developed a structured repayment plan that was acceptable to his creditors and manageable based on his current financial situation. The proposal included renegotiated debt terms, reduced monthly payments spread over five years, and a freeze on interest rates.



The IVA was successfully approved by 75% of John’s creditors by debt value. This approval halted all legal actions against him and prevented further interest from accruing on his debts. John was able to continue operating his business, and he adhered to the agreed repayment plan, leading to a gradual but steady recovery of his financial health.


John’s case is a testament to the effectiveness of IVAs in providing a lifeline to individuals facing severe financial distress. By the end of the IVA term, John was debt-free and had retained control of his business, demonstrating a complete financial turnaround.

FAQ of Hong Kong Taxation

An IVA is a formal agreement between you and your creditors to pay all or part of your debts. Payments are made over a period of time, typically 5 years, based on what you can reasonably afford.

IVAs are generally suitable for individuals with a stable income who can commit to regular payments but whose debts have become unmanageable.

Unlike bankruptcy, which can severely impact your credit and professional life, an IVA is less intrusive, does not require you to sell your assets, and offers more privacy.

If your financial situation changes, your IVA can be adjusted. We encourage open communication to reassess your circumstances and adjust payments accordingly.

Most unsecured debts can be included in an IVA, but secured debts like mortgages and certain types of loans might not be eligible.

An IVA needs approval from creditors holding at least 75% of your debt value. If they do not agree, alternative debt solutions can be considered.

An IVA will impact your credit rating during its term and will usually remain on your credit file for a year after completion. However, it can be seen as a positive step towards managing your debts responsibly.

Yes, self-employed individuals can apply for an IVA. It is often used to preserve business operations while managing debt repayments.

The debtor should find a person to act as his/her nominee of the IVA. Any person who, in the opinion of the court, has suitable experience and qualifications can act as nominee. A nominee is usually an accountant or a solicitor. More information can be obtained at the website of the Hong Kong Institute of Certified Public Accountants at or the Law Society of Hong Kong at

Additional Services

Reachtop KSHK provides a range of services in addition to Hong Kong Company Formation Services.


Reachtop KSHK provides Hong Kong Corporate Secretarial Service


Hong Kong Statutory Audit & Assurance Services for your company


Reachtop KSHK provides Hong Kong Corporate Secretarial Service


Reachtop KSHK provides a range of services in addition to Hong Kong Company Formation Services.

Talk to our CPAs

Treat your business with our professionals

Our Location

Unit 1113, 11/F, Peninsula Centre, No. 67 Mody Road, Kowloon, Hong Kong

Email Address

[email protected]


+852 2997 9878

Book your free consultation with one of our experts