Every year, Hong Kong limited companies have to do their accounting and get their books audited by a practicing CPA.
Accounting/Audit and tax representation
We offer affordable services for Hong Kong companies, including Accounting, Auditing and Tax Filing (from a partner as the accountant cannot be the same as the auditor).
We have standard packages for clients with turnover between 0 and 5 million HKD.
If you have a turnover above HKD5,000,000 we can create a custom quote based on your requirements.
What’s unique about us:
- We provide accounting, auditing, and tax representation & filing services in the same package (it’s full service)
- We charge according to turnover level, not based on transaction (and this is really the good news for you)
- We use technology to help us and therefore reduce the bill for our clients by finding creative solutions to their complex challenges
This has helped us to gain specific expertise with e-commerce and Amazon Shop clients in addition to our more traditional trading and business services clients.
Depending on your needs and budget, we can do your accounting annually or on an ongoing basis
We have specific expertise with:
ATHENASIA IS DIFFERENT
- All inclusive package
- No hidden fees – 100% transparent and complete about our services and pricing
- Boutique customer service (talk to humans)
- Competitive pricing
- Really approachable
- Clear and easy
This approach has earned us the trust of existing clients, countless referrals and new “shopping clients” undecided between several providers…
We offer FULL PACKAGES, including accounting, audit, and tax representation & filing services.
We don’t charge per transaction but based on your level of turnover (which is better for you). We have standard prices for turnover from HKD0 to HKD5,000,000 (Unlimited transactions).
If you have more than HKD5,000,000 in sales. Don’t hesitate to call us. We will develop a custom quote with you.
Here are our standard rates. You have 3 choices: Annual, Quarterly or Monthly accounting (we include a Xero subscription)
|YEARLY||QUARTERLY or MONTHLY||CUSTOM|
|Personal account manager|
|Transactions during the financial year||UNLIMITED||UNLIMITED||UNLIMITED|
|Turnover level (sales)||< HKD 5,000,000||< HKD 5,000,000||> HKD 5,000,000|
|Full set of account||Once a Year||Once per Quarter/Month||Year, Quarter, Month, or even Weekly|
|Complete and submit tax return|
|Xero or Quickbooks subscription||Xero Ledger||Xero Subscription||Xero Subscription|
|Receipt bank subscription|
HKD 8,500 and 28,000
HKD 11,750 and 38,400
(Based on your case)
Frequently Asked Questions
I didn't do anything with the business. Should I still do the audit?
Yes, you should! The only exception is if you really haven’t done anything at all – not a single transaction. For example, you didn’t open a bank account, and you didn’t sell nor buy anything. In this case, you can file a notice of a non-commencement of business. Otherwise, you have to do your accounting and get it audited by a practicing CPA.
What is the difference between the accounting and auditing?
The accountant is putting your accounts together to reflect the financial performance of your business. The auditor is a third party that will check that the accountant did a good job. This is why they have to be different people. We partner with other company auditing services, so you just have to work with us, and we will handle everything for you.
What is the tax rate in Hong Kong?
Hong Kong has a 2-tier tax system for corporate tax. 8.25% for the first HKD 2 million profit (meaning after deducting expenses from your revenues) per year and 16.5% on the remaining amount.
For your information, there is no GST/VAT in Hong Kong (But be careful if you sell in other jurisdictions), no tax on dividends (careful if you live in a jurisdiction that tax foreign income), and personal tax is progressive and capped at 15%.
Should I claim offshore tax exemption?
Although we can help you with the process, we normally do not advise our clients to apply for offshore tax exemption because:
Be careful! The offshore tax exemption is not the equivalent of paying 0% tax. It just means your profit has not been taxed YET.
Please keep in mind that claiming the offshore tax exemption can be costly and there is no guarantee. Furthermore, by proving you have no substance in Hong Kong (No permanent establishment, no operations, no sales…) you let the door open for other jurisdictions to ask you to pay corporate tax on your profit in their countries. We advise you to have a good international tax lawyer if you want to go on this path.
If you have this all covered! Sure we can help you with the application.
“Since the moment I opened my first company until almost 4 years later, today Athenasia is a very trusted partner that has helped us in many ways, they’ve allowed us to focus on what we do best while they take care of everything else. The team at Athenasia is always there to answer any queries and in case of need, they really support our operation with useful advice. They have a very resourceful team of professionals, led by Laurent they are never shy to assist, whether it is on our annual accounting or venturing out on new businesses, we look forward to continuing working with Athenasia.”Arturo Sims - Managing Director at Vantage Hospitality Consultants
“We love working with Athenasia. The team understands our problems e-traders Panamanian tax resident and brings concrete solutions adapted to our situation. We open and manage many companies through many providers, and the experience we have with Athenasia is by far the best. So much for creating that for accounting. professional and human team, who did an outstanding job, and who welcomed us beautifully when we came without warning in their offices in Hong Kong. If you want to enjoy the benefits and flexibility offered by this taxation jurisdiction is undoubtedly by Athenasia you have to spend.”CEO of LLB - Jason Dupont
MD Business Talents Asia - Philippe Bonnet
“As business advisors we regularly see our clients complaining about the quality and cost of their company secretary and accountancy partners. So we put them in touch with Athenasia – efficient and very cost-effective, they are the logical partner of every entrepreneur.”
David Daoud - Founder & CEO of Elearn2grow
“I used the services of ATHENASIA to open and maintain my company eLearn2grow Limited. My experience with Athenasia has been really positive for several years now. I particularly enjoy the dedication of the team and the excellent client service, this makes all the difference to me.”