|Service Description||Year 1||Year 2||Additional
|Additional Service Description|
|Incorporation||US $2,150||US $1,250|
|Registration of Hong Kong Company with Capital
|Company Registration Fee (including capital duty
for authorized share capital up to $10,000 or equivalent, payable once the company is incorporated)
|Corporate Seal and Rubber Stamp||Included|
|Annual Business Registration & Filing Fee||Included|
|Annual Local Registered office address (including
use of general telephone & fax number)
|Annual Fee for Local Corporate Secretary||Included||Included|
|Annual Charge or filing of "Nil' tax return and 'Nil'
|Preparation & Filing of Annual Return||Included||Included|
|Apostilled Document Set||US $ 485|
|Traverse Accounting & Tax Reports||US $130||The cost of rendering is not included|
|Nominee Director *POA is not included|
|Individual Cypriot Nominee Director||US $380||US $380||US $20||Additional fees for Apostille in
Cyprus & Courier applicable.
Document signing fee
|Individual Singapore Nominee Director||US $400||US $400||US $20||Document signing fee|
|PoA for Singapore Nominee
Legalised Up to MFA. Consulate fees extra
|US $260||US $260||Courier fees in addition if
|Corporate Nominee Director (Belize)||US $200||US $200||Additional fees for Apostille in
Cyprus & Courier applicable.
|Corporate Hong Kong Nominee||US $400||US $400||US $50||Document signing fee
Signature charges are applicable per each individual document. Each additional copy of document is charged separately.
|Nominee Shareholders *POA is not included|
|Corporate Nominee Shareholder (Belize
|US $150||US $150||Additional fees for courier of
|Individual Nominee Shareholder (Cypriot)||US $290||US $290||Additional fees for courier of
|Cyprus Bank||Quoted for on a case by case basis||Bank of Cyprus, Hellenic Bank, others (please ask)|
|Hong Kong Bank Account Packages|
|Silver Package||US $1,250||Appointment with bank;|
Personal accompaniment to
Additional Bank visit – 180.00 USD
|Service Description||Additional Services||Additional Service Description|
|Gold Package||US $1,850||
As above but also:
Additional Bank visit – 180.00 USD
|Compliance service charges||USD||
|Introduction Compliance Fee for New Clients.||US$230|
|Annual Compliance Review||US$120||Charged with June 2016 Company Renewal fee onwards.|
|Compliance Service Fee for all post company incorporation services involving new persons or legal entities.||US$60 – US$120||Price depends on complexity of the case.|
|Legalization of Documents|
|Notarisation of document||US $220||Per Document|
|Notarisation of bundle of documents||US $360|
|Apostillation of document||US $345||Includes notarisation|
|Apostillation of bundle of documents||US $485||Includes notarisation|
|Certification of Documents by CPA||US $500||Including delivery to the bank|
|Other Certificates & Documents|
|Duplicate Business Registration Certificate||US $85|
|Certified Certificate of Incorporation||US $120|
|Certified M&AA||US $120|
|Letter of Good Standing from Registry||US $150|
|Certificate of Incumbency issued by Secretary||US $75|
|Certified Particulars of Director & Secretary||US $120|
|Certified Director Index||US $150|
|Certified Company Particular Report||US $150|
|Decision of Shareholders Meeting or Board of
|Power of Attorney||US $150||Valid for 1 year|
|Decision to issue additional shares||US $85|
|Decision to increase authorized capital||US $150||not including the duty (HK $ 1
for every $ 1, 000HK capital)
|Transfer of Shares amongst Shareholders||US $100||Stamp Duty not included|
|Declaration of Trust||US $115||Verified|
|Change of Company Name||US $250||Including Registration &
|Change of Director (Appointment/Resignation)||US $120||Additional charge of US $40 if
more than 1 Director
|Change of Shareholders||US $120||Additional charge of US $40 if
more than 1 Shareholder
|Company Seal for use abroad||US $50||Courier Fees not included|
|Search at HK Companies House||US $200|
|Mail Forwarding||US $5||Per handling. Not including
|Handling Fee for Registered Mail||US $10||Per handling. Not including
|Annual Fee for provision of HK mailing address||US $260||Per annum|
|Annual rental and checking of PO Box (shared)||US $250||Per annum|
|Handling Letters of Credit, Bank Accounts and||US $115||Per hour|
|Exclusive telephone line||US $600||Per annum|
|Exclusive fax line||US $250||Per annum|
|Telephone answering & reporting service||US $5||per minute|
|International Courier Fee||US $150|
|Company deregistration||US $ 1050|
|Type of Company||Number of
|Standard fee – Dormant
|Active Company||Up to 10||Up to 450||Up to 780||Up to 620|
|Active Company||Up to 30||Up to 600||Up to 1000||Up to 800|
|Active Company||Up to 50||Up to 700||Up to 1200||Up to 950|
|Active Company||Up to 100||Up to 1000||Up to 1720||Up to 1350|
|Active Company||Up to 200||Up to 1400||Up to 2400||Up to 1875|
|Active Company||Above 200||TBC||TBC||TBC|
The Secretary of a Hong Kong registered company receives a Notification for the submission of the company’s Income Tax Form about 27 months (2 years + 3 months) from the Incorporation date of the company. Once the Notification is received, the company has 1 month to prepare its bookkeeping, audit the accounts and submit the Income Tax Form. It is recommended that all Hong Kong registered companies prepare their audited accounts within 3 months from the end of their financial year, every year.
The submission of a company’s Income Tax Form is a compulsory requirement by HK’s Inland Revenue Authorities and if the audited accounts together with the tax form are not submitted on time, the company has to pay penalties and receives a court summon.
Gibraltar companies now have to disclose full Beneficial Ownership details to Central Register
Gibraltar is working to implement all EU legislation relating to the 4th Anti Money Laundering Directive into national law, in addition to the current EU legislation on financial supervision and direct taxation, and to this affect, the Government of Gibraltar have established a Central Register of Beneficial Ownership that will be effective from June 26th 2017.
European Commission publishes tax avoidance disclosure directive
The EC (European Commission) has published its draft legislation compelling financial service providers or intermediaries to disclose any international tax planning schemes they have encouraged, enabled or assisted in any way.
OECD publishes compliance review for all non-compliant jurisdictions
The OECDs global tax transparency initiative was launched last year in April 2016, with the purpose of encouraging every jurisdiction across the world to commit to implementation of a CRS (Common Reporting Standard) for automatic exchange of information by 2018, and to sign the Multilateral Convention on the exchanging of tax data. A forum on behalf of the OECD has released the results of its review for jurisdictions it considers to be non-compliant.
EU Parliament Committee release findings & recommendations for current offshore taxation measures
A formal enquiry into the Panamanian law firm Mossack Fonseca has been launched by the European Parliament's Committee, which found gaps in beneficial ownership transparency for trusts and fiduciaries and didn’t meet the EU standard.
2017 G20 summit: Enforcement of taxation highest priority
The 2017 G20 leaders’ summit took place in Hamburg last week where the European Commission Council and leaders discussed the priorities and primary projects for the upcoming summit. EC President Jean-Claude Juncker has stated that advancing the global combat against tax evasion is top of the list.
The EC takes action against advocates promoting tax avoidance schemes
The European Commission has recommended the implementation of a new regulation regarding companies or intermediaries who promote or design cross-border tax planning schemes will going forward be required to provide full disclosure to the tax authorities of their relevant jurisdiction within five days of offering them to clients.
What are the new Beneficial Ownership reporting requirements for BVI companies?
Going forward, a new regulation will require certain British Virgin Islands companies to gather and retain details of Beneficial Owners with 25% or more of the company’s shareholding rights, with an ongoing requirement to keep the details up to date.
Russian citizens can gain Cyprus tax residency by staying only 60 days on island, whats the catch?
Cyprus is once again working to improve its economic desirability and will be able to increase its alternative business base for Russians with good creditworthiness.