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JOIN the Team! IL SHIN is looking for professionals and associates who want to become part of team Line of Service you're interested in Send application Thank you for your application! Both IL SHIN CPA Ltd. and IL SHIN Corporate Consulting Ltd. have been consecutively awarded as Good MPF Employer by MPFA from 2019 through 2023 .

WELCOME TO IL SHIN Thoughtful Connection * IL SHIN CPA Limited and IL SHIN Corporate Consulting Limited are accounting and professional firms based in Hong Kong. il shin talk ABOUT US Meet our professionals and services IL SHIN's Global Network ​ ​ Hong Kong-Mainland-Vietnam F ind our network MORE CLICK HERE

About IL SHIN IL SHIN CPA Limited and IL SHIN Corporate Consulting Limited (referred to as “IL SHIN”) are Hong Kong based professional firms specialized in audit, accounting, tax and financial advisory as well as corporate support services. ​ We have extensive knowledge and professional experience, particularly with reputation amongst Korean multinational clients regarding cross-border investments between Hong Kong and Korea, including incorporation process, statutory reporting requirement, tax system, accounting standards and foreign exchange controls. We have been supporting our clients to explore optimal business structures and implement plans venturing out their businesses to China or Vietnam through Hong Kong. ​ We thrive to help our clients understand and prevent unnecessary risks, when making decisions of cross-border investments particularly from Korea and meet compliance with various regulations including foreign exchange controls in their mother country. ​ With unwavering enthusiasm and our hardworking professionals, we have records of successful projects and maintain good relationship with various client segments, including major domestic and foreign conglomerates, listed companies, mid-sized business customers, law firms, financial institutions and non-profit institutions, over the past 20 years. ​ Above all, we are proud and confident that we have accumulated and extensive range of cross-border consulting experiences and skills through cooperation with leading Korean, Japanese, Chinese, and other multinational corporate clients operating in Hong Kong, a global financial and economic hub. ​ Also, we have affiliate accounting firms in China and Vietnam under the brand of ‘IL SHIN Global’, who are also well known locally to Korean listed enterprises for the professional reputations in the regions. In addition to accountancy industry, we have a close network with other professional experts such as professional valuation firm, law firms as well as patent professionals.​ ​ As an Authorized Employer accredited by the Hong Kong Institute of Certified Public Accountants, we have clear visions for our employee on the growth of their professional career with us. IL SHIN has also been awared as a good MPF employer ever year since 2019 consecutively. Further, our professionals are committed to best corporate practice and high professional standard as responsible professional firm. Our practice are also subject to rigorous quality monitoring and supervision by regulators. IL SHIN will thrive our best to provide quality and reliable professional services ​ IL SHIN Introduction and Key Services (Introduction brochure) (Korean) (English) Professional Co mpetency A bundant Industry knowledge and Cross-border Team Key managers of us are formerly from Big 4 accounting firms and holders of master's or higher degrees. We do carry out external seminars and lectures for Korea community organized by Korean General consulate, financial institutions and business organizations. Our professionals are in average 6 to 8 years of long-term service at IL SHIN, so provide stable service to our clients. Team Spirit and learning organizational culture is are our competitive value other firms to emulate. Our professionals have extensive experience in group accounting, international tax as well as cross-border advisory services. Our Hong Kong Team IL SHIN Hong Kong’s professionals are experienced experts at global accounting firms such as PwC, Deloitte, and EY, as well as holders of Certified Public Accountants license of various countries including Korea, Hong Kong, Singapore, the United States, and Australia. With such experts, we continue investing in our internal training and intellectual property. Our team constantly make efforts to improve our skill sets and professional capabilities. ​ We have high passion and standard on our professional service, with in-depth understanding of our clients and insights from industrial experience. We, IL SHIN, are making every effort and investment in fostering a healthy organizational culture to help our team members to work with pride and sincerity towards the company in a blissful workplace and grow their professional career path with us. Andrew Kim Assurance Advisory Leader KICPA, CPA (HK), AICPA (WA) CA (Singapore), CPA Australia Charles Kim Managing Director KICPA, CPA (HK), AICPA (WA) Roseline Chan Director Corporate Service Leader CPA (HK), CPA Australia, ATIHK CTA (HK), AWAHK (Council) F ind more our professional CLICK HERE

Hong Kong Mainland Vietnam IL SHIN GLOBAL LIMITED IL SHIN GLOBAL LIMITED is a holding company in Hong Kong established by a leading Korean accounting firm that has long built a reputation in Hong Kong, China, and Vietnam, where many Korean companies have entered to gather their meanings and capabilities with a vision of global expert network. ​ IL SHIN Global has central offices in Hong Kong, Shanghai, Hanoi, Chongqing and Xi'an, bringing together more than 150 multinational experts to create a closer professional knowledge network. ​The establishment of IL SHIN Global started based on the advice from the clients and our concerns as follows. ​ Limitation in the ability to have high-quality human/material resources to systematically support the global growth of Korean companies, despite our status as local champions in the territories (mid-sized firms with 20 to 30 employees in each region). Diversification in customer needs due to continuous changes in the global supply chain (including trade relations among China, Hong Kong, and Vietnam, corporate governance, and relocation of assets and human resources). The necessity of broader experience beyond a single region to enhance the scope and quality of multinational services. The necessity of a control tower to coordinate and control diverse country-specific service practices and quality levels. Difficulties in securing price competitiveness due to the relatively high cost structure of Korean accounting firms within the fierce competition between Big 4 and local accounting firms. Importance of expert network, mutual transfer of experience, and knowledge for professional development. ​ ​ IL SHIN Global has the following framework in such short term and vision to expand our network and professional service coverage to various locations in the next few years. ​ Mid to large-sized accounting firm with a pool of experts (currently 150 people) on a scale with an international network. Increase the firm-level beyond 2nd tier firms through a systematic improvement in service quality, consistent development of policies and programs. Develop into an open platform that maintains our expertise and consistency, while being available to other professional firms (e.g. Cross-border + Cross Line of Service Platform by allowing relevant professional services such as law, appraisal/business valuation, patent, and IT to engage). Creation of conditions where we could share our cross-border experience and professional insights while providing periodically updated information to Korean clients. Provision of differentiated value to our clients through inter-office training, global mobility, and development of integrated services. Regional expansion to Asian strongholds such as Singapore, Indonesia, and India. ​ Many Korean companies have gone through a trial and error process and are successfully entering overseas markets with excellent products, quality, and management skills. However, it is necessary to make timely decisions based on reliable information under the ever-changing regulations related to investment, foreign exchange, tax systems and various operating environments. ​ We analyze the impact of changes in accounting and tax systems on companies in major markets such as Hong Kong, China, and Vietnam. Through continuous updates, we help our clients successfully advance abroad and manage effectively. Looking forward to your supports for the future growth of IL SHIN Global, we expect active participation and response of our corporate clients and professional partners who would like to step forward with us. Meet Our Global Team Il Shin Vietnam With the history of investment in Vietnam, IL SHIN Vietnam is a leading Korean accounting firm that pioneered the accounting market in Vietnam. Il Shin H.K. China Pioneering a road to cross-border service for 20 years, IL SHIN Hong Kong is the largest Korean accounting firm in Hong Kong. Il Shin China ​Based in Shanghai, Chongqing and Xi'an, with the network in major regions of Mainland China, IL SHIN China is t he largest Korean accounting firm in China. "IL SHIN Global aims for an open platform network that anyone could participate in. We are looking for a competent partner corporation to create a future with us. " CONTACT Us Partners with a solid service base in accounting/expertise or who want to lead investment and development with IL SHIN Global. ​ Partners who aim to enhance branding, economies of scale, and co-establish a diverse pool of professionals with a broader perspective rather than immediate profits. ​ Partners who share a vision to provide clients with both tangible and intangible synergies that are growing through our global network, laying the foundation for a successful overseas business.

Tax Filing and Tax Advisory Tax sector is the main target of financial strategy and risk management in business operations. Unlike Korean tax law, which comprehensively levies all attributable income listed under the tax law, Hong Kong tax law is based on the "Territorial Source Principle," which levies taxes on income that has a source in Hong Kong. In this sense, due to differences in interpretation between taxpayers and taxation authorities, Hong Kong tax law is considered simpler but could be more complicated than tax laws from other jurisdictions. ​ In addition, Hong Kong in general has transparent and predictable tax administration and provides a stable business environment, but the expectation level for compliance requirements is strict with occasionally inspections by the Inland Revenue Department. As the experts on offshore claim, non-taxation based on capital/beneficial transaction judgment, and response to transfer pricing taxation, we have extensive experience in faithfully responding to those enquiries and various written inquiries, as well as on-site inspections to protect our clients’ interests. ​ We regularly provide relevant information to our clients for prompt action towards the characteristics and changes of Hong Kong tax law. Also, we provide in-depth advice to derive a reasonable tax strategy by properly understanding the business operation status and analyzing respective tax risks. ​ In particular, as tax avoidance is strongly regulated and taxation system related to tax haven countries has been strengthened recently, simply lowering the tax burden in Hong Kong will not help to lower the tax burden on the entire group. We support companies that are planning or operating overseas business based in Hong Kong to analyze the advantages and disadvantages of their investment structures and to establish optimal governance. Main Service Areas Integrated tax advisory for business entities and business owners Profit Tax, salaries tax, and property tax Advisory services for stamp duty reporting and group relief Review of investment through Hong Kong, governance structure and review of tax treaties Tax advisory on Hong Kong business, asset acquisition and disposal Transfer pricing services Information for business structure in Hong Kong, Korea, and China Advisory on investment structure and exit strategy Review of tax effects and advisory on implementation related to group governance change View other services

Audit & Assurance Services Hong Kong, a global financial and business hub, has focused on transparency in business activities and early-adopted international standards, requiring business-friendly but strict compliance. As a part of this, all companies established under the Hong Kong Companies Ordinance must undergo external audits. Also, the difference with Korea's corporation governance structure is that Hong Kong Companies, if not listed, can just require minimum 1 director without internal audit officer in the governance. Instead, Hong Kong Companies Ordinance requires the Company to appoint external auditor and prepare financial statements based on the International Accounting Standards. ​ According to corporate governance characteristics based on the separation of ownership and management, the management (in the case of a corporation, the board of directors) has been given the responsibility and authority to conduct regular management on behalf of shareholders without conflicts of interest. The shareholders have the reserved right to participate in the financial performance and decision-making of the board of directors through shareholders' meetings. An external audit is a process in which independent auditors confirm that the financial performance reported by the management (the board of directors) has been prepared in compliance with the Companies Ordinance and the corporate standards. It is also a service that provides confidence in financial statements following the audit standards established with the qualifications as experts. As the corporate structure becomes more complex and transactions vary due to the nature of industries, the level of expectations and the importance of stakeholders' understanding of corporate financial reporting increases. Undergoing external audits, the financial reporting prepared by the management could be more reliable and relevant to various users of such information. ​ We, IL SHIN CPA Limited, help major listed conglomerates, mid-sized groups, listed companies, and competitive small and medium-sized enterprises in Korea to broaden their business into Hong Kong. We also have continued investing in human and physical resources to maintain the higher audit quality and richer service experience so that our clients could achieve sustainable growth. ​ Our auditors have extensive audit experience and professional careers in international accounting firms such as Big 4 accounting firms. Moreover, IL SHIN CPA Limited is a leading Korean accounting firm registered with the Hong Kong Institute of Certified Public Accountants as a Recognised Training Organization, under strict quality supervision at the corporate level. ​ In addition, based on an in-depth understanding of different accounting standards and accounting practices of Hong Kong and overseas, such as China, we are currently conducting IFRS conversion and audits of consolidated financial statements. We are closely equipped with networks of external experts such as professional appraisal firms, providing comprehensive audit and assurance services. Main Service Areas Financial statements audit (individual and consolidated) IFRS (International Financial Reporting Standards) package audit Capital verification report, liquidator's report Accreditation Agreed-upon Procedures for Specific Purposes (AUP Report) Internal control review and consultation Internal audit support View other services

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HR Support Our human resources service areas include payroll, MPF (Mandatory Provident Fund) payment management, accounting staff recruitment/outsourcing, and we also provide advice on settlement of employees under global mobility. Main Service Areas Support for professional accounting and administrative staff recruitment Recruitment interview, employee ability verification, and training service Consultation on Employer's Return, employment notification and withholding Apply working visa and tax return for employees under global mobility Employee's compensation subscription View other services

Services We have outstanding performance in handling clients’ needs in various areas, including taxation, accounting, and financial advice. Working with many individual and corporate clients from small start-ups to large enterprises, we have built our professional experience and capabilities to prepare for future changes and challenges. Audit & Assurance All companies in Hong Kong are required to appoint independent external auditors and meet strict compliance. We have established our reputation as a leading firm through a deep understanding of Korean companies/industries with extensive experience in international accounting standards and Hong Kong-China-related consolidation. We provide independent audit opinions on financial statements for the enhancement of corporate reliability. Moreover, we provide overall services such as advice on the establishment of internal control systems for sustainable growth, connection process consultation, and other verification services. support@ilshinhk.com Andrew Kim Accounting We provide professional accounting support services for accounting records and accounting book management to companies entering Hong Kong. Depending on the company's size and growth phase, you should focus your limited resources on more value-added activities while also effectively managing risks with the help of experts at the beginning of the business. We offer many valuable services to the clients requiring efficient use of limited resources or planning effective relocation of existing resources. support@ilshinhk.com Edmund Wong Taxation As Hong Kong, an investment hub for many global companies, has its unique regional and taxational characteristics, it is important to pay close attention to corporate and risk management by understanding Hong Kong and international taxation issues. Our professionals provide high-quality services with a wealth of experience and intellectual property. support@ilshinhk.com Edmund Wong Financial Advisory Business in Hong Kong, an Asian and financial business hub, often requires the support of professionals with extensive consulting experience and reliability in cross-border business. In IL SHIN, our experts with rich experience and practice provide advisory services on various issues. support@ilshinhk.com Charles Kim Corporate Service Any company established under the Hong Kong Companies Ordinance shall appoint a company secretary of Hong Kong resident or a specialized corporation with an actual business place in Hong Kong. A higher quality of service is required as the company's governance structure or business complexity and the number of stakeholders increases. Furthermore, it is critical for companies operating overseas through Hong Kong under the Cross-Border structure to be familiar with the Korean commercial laws and investment systems with a broad understanding of the corresponding Hong Kong system. We provide services with experienced experts from Korea and Hong Kong to help maintain the stable management of corporations. support@ilshinhk.com Roseline Chan HR Outsourcing & Expat Support We support HR-related tasks including payroll, MPF (Mandatory Provident Fund) payment management, accounting staff recruitment or outsourcing, and provide advice on settlement of employees under global mobility as well as their tax reporting. support@ilshinhk.com Roseline Chan

Financial Advisory Business in Hong Kong, an Asian and financial business hub, often requires the support of professionals with extensive consulting experience and reliability in cross-border business. At IL SHIN, our experts with rich experience and practice provide advisory services in various issues. We have successfully performed financial advisory services with leading domestic corporate clients, law firms, as well as financial institutions. We do our best to understand the clients’ issues in depth and to sincerely support with rich experience and professional knowledge. Main Service Areas Consultation on corporate investment / governance structure Feasibility study and investment value assessment Mergers and acquisitions Financial due diligence and price adjustment Purchase Price Allocation, Post Merger Integration support Business Valuation, goodwill evaluation, support service on impairment of assets Evaluation of unlisted stocks under Succession and Donation Tax Act Support in business withdrawal, deregistration, or liquidation Litigation support for international commercial dispute (expert report, claim assessment) Licensing Management / Royalty investigation View other services

Company Secretarial and Corporate Support Any company established under the Hong Kong Companies Ordinance shall appoint a Company Secretary of Hong Kong resident or a specialized corporation with an actual business place in Hong Kong. The higher quality of service is required as the company's governance structure or business complexity, and the number of stakeholders increases. ​ Furthermore, it is critical for companies operating overseas through Hong Kong under the cross-border structure to be familiar with the Korean commercial laws and investment systems with a broad understanding of the corresponding Hong Kong system. We support the stable management with our experts with long-standing experience and practice in accounting/legal fields in Korea and Hong Kong. Main Service Areas Support in establishment of corporation or private company in Hong Kong, including both public and private limited company Support in establishment of liaison office or branch office in Hong Kong (registered as an overseas company in Hong Kong) Company secretarial services, provision of registered business address (or contact address), legal representative for Koreans and other foreign companies registered in Hong Kong Support in legal reporting procedures to Hong Kong Government and legal compliance Arrange Apostille, collaborate law firms for China attestation and Chinese business support Arrange Notarization with Notary Public in Hong Kong Establishment of non-profit corporation or charitable organizations (company limited by guarantee) Deregistration, liquidation and cancellation of business/branch registration Company title and company/business registration inquiry Banking service View other services

Accounting and Financial Reporting We provide professional accounting services for accounting records/books management at a competitive cost to our clients operating in Hong Kong. Depending on the size and growth stage of the company, it could be more efficient in risk management as well as in cost to outsource professionals. The outsourcing reduces the burden of administrative works, allowing to focus limited resources on more value-added activities and to maintain the flexibility of organizational management. In particular, it is very important for companies without their own accounting staff to partner with experienced experts who are professional and efficient in works. Such outsourcing service for accounting and financial reporting deserves close consideration for those whether in growing stage that need to use limited resources efficiently or in multinational level planning to effectively relocate existing resources. Main Service Areas ​ Outsourcing of computerised accounting services Filing and Analysis of financial information Provision of management accounts tailored to the characteristics of each company. Monthly, quarterly and semi-annual or annual financial statements and group reporting packages for financial reporting and audit purposes Support on IFRS (International Accounting Standards) introduction and conversion Provision of accounting software guide for in-house accounting staffs Internal audit and related advisory services View other services