We started incorporating companies in Hong Kong a few years ago.
We offer “all inclusive, no hidden costs” packages that provides peace of mind to our clients in terms of opening and maintaining a company in Hong Kong.
Our service includes:
- The filling of the papers for the incorporation (NNC1, IRB1)
- 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]
- 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
- We also offer you a briefing for the bank account interview to make sure you go as prepared as you can to meet the banker. This also includes a briefing on how to prepare your business plan and using our template (No worries we make it easy).
More Information? Contact us.
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
- Affiliation opportunity
- 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
Since 2016, opening a bank account in Hong Kong has become increasingly difficult. Most of the major banks nowadays don’t even want to see small accounts or overseas owners.
The reasons: Banks have to follow more regulations which results 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.
Our strategy has been to double:
- Search for overseas banks in Singapore or Switzerland
- Work with local banks more eager to go through the compliance to get new clients.
Frequently Asked Questions
How long does the procedure take to open a limited company?
With us, you have to count around 2 to 3 working days. We don’t have differential pricing for slow versus express service, we do 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?
Concerning the bank account. At this moment, most of the banks are really reluctant to open new accounts. Over the last 11 months, we sent every client to CITIC and they were accepted. We had an account manager that knew us and was responsive but over the last few weeks we haven’t been able to schedule a single bank meeting and the account manager just didn’t reply any message.
We keep looking for options but it’s not looking good so far with HK banks. We looked overseas… In Latvia, Estonia, Cyprus, Taiwan but they all seem to require an endorsement letter from our client’s current bank (which our clients obviously don’t have as they are newly incorporated).
We keep looking for you but here is what is possible NOW:
There is a new FINTECH company call NEAT that provides a current account with MasterCard. They just released their Beta version for Business yesterday (They invited Laurent as a speaker). We know the CEO and BD personally. They have all the required licenses and they work together
with Standard Chartered to provide the corporate account. They are basically going after all the clients that most of the banks don’t want to work with.
Here is the Key advantage of NEAT Business:
– The account can be set up remotely (Yes you read well, no need to travel to Hong Kong)
– Support Paypal, Stripe, and Amazon (although we wouldn’t recommend doing a direct transaction from Amazon to an HK account directly because of Amazon exchange fees).
– Get up to 10 MasterCards for you and your teammates. You should know that HK banks don’t propose any debit cards to their clients
– Opened in just a few business days
– Integrates with Xero
– The lowest credit/debit card FOREX fees in Hong Kong (1.5% on top of mid-market exchange rate)
– This company is only deposit-taking, they don’t gamble with your money and don’t provide insurance, investment…
– User friendly
They are not yet 100% sure of their pricing but from what I heard so far, it should be around HKD299/ month (about US40). It’s the same as what HSBC would charge you if you don’t maintain your minimum balance.
From now on we will send all our clients to NEAT. We know them personally and we can help you to get direct access to the Beta version by connecting you with them.
More information here: business.neat.hk
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 competitor is charging 800 HKD for the company setup why you are charging me that much?
HKD 800 is impossible to get a full package because just the government fees are about
We choose to give our clients a “full price” so that they know exactly how much it will cost them. Some of our competitor prefers to attract clients with a really low entry price that they generally call “the cost of their service” and after charge all the rest independently (which generally include markup as well).
The issue is that you never know how much it’s gonna cost you. Our clients tend to value transparency and like to know the cost upfront without hiding anything.
We are even one of the really few consultant that inform you of the ongoing costs of your Hong Kong company.
I want to open an offshore company and pay 0% tax
Well, there is no such thing as an “offshore company”. No matter you are in or out 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 have been realised 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 it 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 you let the door open for other jurisdictions to ask you to pay profit tax on your profit in their countries. We advise you to have a good international tax lawyer if you want to go this path.
I don't live in Hong Kong, can I open a company here?
Yes, you don’t have to be Hong Kong resident to open a company.
What is the corporate tax rate in Hong Kong?
16.5% but Hong Kong government is currently discussing to bring it down to 8.25% for the first
HKD 2 million profit per year.
Me and my business partners hired Laurent for a two day presentation training. Our work requires frequent presentations and Laurent’s training was exactly what we needed to take our presentation to the next level. From novice speakers to those who are more experienced, all of the participants learned something valuable and practical that they could applied immediately. I am a happy witness to the drastic improvements in all of our presentation. Highly recommended and value for your investment in yourself and your business!QY Zhou, Entrepreneur
Working with Laurent is an inspirational experience. His knowledge in the area of soft skill training and business models is fruitful. He is open to new ideas and appreciates different opinions. We often create something new in our discussions, and he always provides relevant examples and/or models to support our ideas, which is valuable and motivational. He is detail-oriented but he won’t lose sight of the big picture. Laurent, I look forward to working with you in the near future.Pauline Wong
I hired Laurent to help me to review a proposal for a client of mine. In just few hours of work he has been able to provide me with a simple, visual and professional structure that helps me sell my services with more impact. I would recommend people to work with him…Johannes (Chienyu) Huang
Quick but good overview
If you are thinking about starting a HK company, then this course if for you. It gives you just enough info to get started, but dosen’t drown you in details. Thumbs up!Christoffer Hjortlund
Great materials and videos
Laurent does a great job with this course. He has downloadable templates you can do while you watch the videos that make it really easy to get started on your marketing plan. Love it!Vanessa Van Edwards
I really needed it to help myself to make clarity about my business projects.Manuel Fogli
Great for any entrepreneur looking for insight and expansion
As an entrepreneur looking to advance my business by developing new product and putting them into new areas of the market this course has given me the insight into just how to plan for that process. In addition, I feel I can better lead my team with the documents and examples provided into being a more cohesive unit.Brian Pindell