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Singapore Company 

Incorporation and Accounting

reviews: 5/5

With ATHENASIA you can establish your Hong Kong company effortlessly—and entirely remotely. Let us navigate the labyrinth of paperwork while you focus on what truly matters: growing your business. Our promise? Clear, upfront pricing and the sagacity of seasoned professionals guiding you every step of the way.

From its inception, ATHENASIA has focused on corporate services in Hong Kong. As the jurisdiction is constantly doing better than Singapore in terms of administrative simplicity, tax rates, and overall cost effectiveness. Furthermore, due to our large pool of e-commerce clients, Hong Kong is often preferred due to its proximity and special arrangements with China.

However, since 2019, some clients have asked for an alternative to Hong Kong to mitigate their risks with newly introduced Hong Kong laws and intense response to covid crisis.

Furthermore, certain clients favour Singapore over Hong Kong for anything related to the tech start-up scenes, government grants and private equity access which, according to our clients, appears to be more dynamics in Singapore.

Singapore is also a place of choice if you deal with crypto, as Hong Kong is still unclear about what to do with it.

Both jurisdictions have their pros and cons. If you are unsure, what is best for you just book a free meeting with one of our consultants.

Why Singapore over Hong Kong?

Speak With Our

Consultants

We're dedicated to ensuring your Hong Kong company incorporation is as seamless as possible. Reach out to our team today!

 
 
 
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Singapore Company Incorporation

Our Hong Kong incorporation service provides all the essentials for running your business, with transparent fees that include all government charges.

Legal maintenance ensures that your company is up and running smoothly each year. We provide a yearly package for maintenance and compliance, including:

Acting as your trusted company secretary, we provide services such as changing company directors and shareholders

We help file your annual returns in a timely manner to help you avoid dines and additional costs

Legal Maintenance /

Company Secreatary

SGD 1,300

We become your primary correspondent address for official bank and government - related letters (CR and IRD)

We also help renew your business registration, allowing you to focus all of your attention on your business.

Switch to ATHENASIA for free

Quality, affordable and personalised accounting now in Singapore

Singapore

Accounting

ATHENASIA has been working in Hong Kong for almost 10 years. Our focus has always been in providing a friendly boutique service that is top of the range in terms of quality yet affordable.

We are now coming to Singapore with the same commitment. If you are looking for accountants that takes pride in the quality of their work, take time to know you, your business and aspirations - You are ringing the right door.

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An Account That

Understands e-commerce

Although we serve a diverse array of industries, we've established a reputation for our work with e-commerce across various platforms such as Amazon, Shopify, WordPress, Etsy, eBay, and more. Our unique expertise in the industry, paired with our use of Xero and its various integrations, allows us to provide top-notch accounting services at an exceptional value. For more information and to explore how we can elevate your e-commerce business with our accounting systems, please book a complimentary consultation here.

Yearly legal maintenance/company secretary service for singapore businesses

Company

Secretary

Provision and maintenance of Registers (Members, Controllers, Directors, Secretaries, Auditors and CEOs)

Registered Address for receiving correspondence for official/banking documents

Corporate Secretarial Services (director/shareholder resolutions, preparation of AGM documents, annual filing requirements with the relevant authorities)

 

*Does not include government levies/fees etc

Provision of named Company Secretary​

Why ATHENASIA Is Different

12+ years in the industry

Served 1,000+ clients worlwide

No hidden fees - our Hong Kong incorporation services and pricing are 100% transparent and complete

This approach has earned us the trust of existing clients, countless referrals and new “shopping clients” undecided between several providers…

Boutique customer service

Competitive pricing

Really approachable

Free fintech banking application

Free offshore tax exemption application

Visit the ATHENASIA YouTube Channel

@ATHENASIATV

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Frequently Asked Questions

 

Full packages, all inclusive with no hidden costs

  • 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 are you charging 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%.
  • 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.

reviews: 5/5

A Partner You Can Trust

 

We have guided over 1,000 clients toward their aspirations from all corners of the globe, our dedicated account managers have been the beacon for businesses seeking more than just services, but a partnership.

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Office Hours

9:00a.m - 6:00p.m HKT

+852 3706 5996

Phone Number

Email Adress

2301, 23F Bayfield Building, 99 Hennessy Road, Wanchai, Hong Kong

Address

Contact Us

 
 
 

Let us know how we can help you

 
Interested in:
Hong Kong Company Incorporation
Company Secretary/Legal Maintenance
Accounting & Tax
Other

Ready to join the ranks of over 1,000 satisfied clients from every corner of the world? At Athenasia, our dedicated account managers are more than service providers; they're your partners in success.

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