“We offer all included affordable services, with no hidden cost” that provide peace of mind to our clients when it comes to company formation and maintenance in Hong Kong.
Peace of mind
Pay us once a year for our incorporation services, and you know everything is done properly for you on time and as per the rules and regulations of Hong Kong – all without having to think about it.
Focus on your business
You focus on your business. We’ll handle the paperwork.
We don’t just sell accounting packages… We provide peace of mind and get the job done. We also help you with the formation of your limited company in Hong Kong and set up your legal structure.
Our company formation services include:
- The filling of the papers for the incorporation (NNC1, IRB1)
- The fees to pay to the government (CR and BR)
- Certified true copies of all the documents required to open a bank account
- 1 Year company secretary
- All company secretary services at cost (change of Director, Share transfer)
- 1 Year registered address
- 1 Year Correspondence address
- Filling of Annual Return at the end of year 1
- Introduction to Banks, Virtual Bank or MSO (depending on your situation)
- SCR (Significant Controllers Register)
- Virtual Green Box (BR, CI, Articles of Association)
- Physical Green Box (optional) The Green Box [Company rubber chops (Signature and Round), Company Seal, Statutory Book (and Minute book), Share Certificate Book, 10 copies of your Articles of Association]
More Information? Contact us.
ATHENASIA IS DIFFERENT
- All inclusive package
- No hidden fees – 100% transparent and complete about our company incorporation 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…
Bank account opening
The reasons: Banks have to follow more regulations which result in an increase of compliance with the introduction of CRS (Common Reporting Standard) of OECD and new Anti Money Laundry (AML) / Counter-Terrorism Financing (CTF) introduced by HKMA and FATCA (US). Because of this increased pressure, banks are now taking commercial decisions to determine whether a client is “worthy” of the paperwork.
For Hong Kong residents in 2020, there are not many difficulties to open traditional bank accounts in Hong Kong.
However, for non residents, it is more difficult (especially if you don’t have a permanent establishment in Hong Kong).
We can help with:
- Opening bank accounts in Mauritius
- Working with virtual banks or MSO (Money Service Operators) in Hong Kong (They actually work like traditional banks, you can store money, receive money, and make HKD/forex transactions. You can also connect with third party payment gateway (PayPal, Stripe, Amazon…). However, you don’t have counter service, insurance, financing…
Frequently Asked Questions
How long does the incorporation of a Hong Kong company take?
With us, you can expect the procedure to take around 2 to 3 working days. We do not have a slow or express option with our HK company formation services, as we will always work as fast as we can. Generally, the company will be setup in 1 day but then we have to wait for the green box. Please note that the government doesn’t work during weekends and public holidays.
Will you get me a bank account?
We cannot promise the bank account opening, but if you are an HK resident it is quite easy to open an account with a local bank.
For non-residents, there are several other options. Either set up an account offshore (Mauritius for example) and/or work with an MSO (Money Service Operator) that offers you the same service as a bank in terms of holding your deposit and enabling your transaction (in HKD or Forex). Contact us for more info. Unless you carry out a risky business in a risky jurisdiction, these are pretty easy to get. Examples include Neat, Currenxie, Statrys, Airwallex, and more.
Can I sponsor my visa with my company?
No, you won’t be able to get a working visa from your company. If you want a visa you will have to apply for a Business Investment Visa. We can put you in touch with an expert for more information.
One of your competitors is charging HKD 800 for the company setup, so why you are charging me that much?
With an HKD 800 fee, it is impossible to get a full package because even the government fees alone are about HKD 4,000 (Sometimes the government waves the BR, but you still have an Incorporation certification fee of HKD 1,720 + a levy of HKD 250)
We choose to give our clients the “full price” from the very beginning so that they know exactly how much our Hong Kong incorporation services will cost them. Some of our competitors prefer to attract clients with a really low entry price that they generally call “the cost of their service”, but after this charge all the rest independently (which generally includes markup as well). The issue is that you never know how much the company incorporation process will cost you. Our package even includes the registered address, company secretary, AML-CTF check and SCR (Significant Controllers Register).
Our clients tend to value transparency and like to know the cost upfront without hiding anything.
We are even one of the really few consultants that inform you of the ongoing costs of your Hong Kong company (Maintenance and yearly accounting).
I want to open an offshore company and pay 0% tax
Unfortunately, there is no such thing as an “offshore company” in Hong Kong. No matter you are in or out of Hong Kong you will operate with the same structure a “Limited Company”. Now, what is possible is to claim offshore tax exemption on your profit under the argument that your profit has been realized exclusively outside Hong Kong (You have no operations, no contract signed, basically nothing in Hong Kong). In this case, you won’t have to pay tax in Hong Kong. But be careful – this 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 down this path.
I don't live in Hong Kong. Can I open a company here?
Yes! You don’t have to be a resident to open a company in Hong Kong.
What is the corporate tax rate in Hong Kong?
Hong Kong has a 2 tiers 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 any remaining amount thereafter.
For your information, there is no GST/VAT in Hong Kong (Careful if you sell in other jurisdictions), no tax on dividends (but be mindful if you live in a jurisdiction that tax foreign income), and personal tax is progressive and capped at 15%.
“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.”