|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.
New licensing regulations for Trusts & Service Providers in Hong Kong
As per new regulations, all Hong Kong businesses providing Trustee Services, including Corporate Service Providers will not be able to operate without a valid trading license after March the 1st 2018. The new scheme is designed to better regulate individuals carrying out services within the financial sphere in Hong Kong and will be overseen and administered by the Hong Kong Companies Registry.
The terms of Hong Kong's new register of significant controllers and what it means for companies
As per new legislation, from March 1st 2018, every company incorporated in Hong Kong will be required to keep and maintain a register of all persons who have significant control of the company. The record must be updated as required and kept at the registered company address, even if there are no persons of significant control.
The pros & cons of European Passport-by-Investment schemes
In a bid to rebuild the dwindling economy in Cyprus shortly after the financial crisis four years ago, the government launched a passport-by-investment program to temp wealthy foreigners with citizenship in exchange for an investment of no less than €2 million into the Cyprus economy.
Using the Cyprus Non-Dom scheme for beneficial tax planning
In an attempt to improve and simplify the Cyprus tax system as well as to remain a highly compliant and attractive jurisdiction, the introduction of the non-domicile (shortened to Non-Dom) scheme aims to give Cyprus a competitive edge over other jurisdictions.
How are Cyprus banks handling the island's high rate of NPLs? Can more be done to combat them?
It is no secret that the Cyprus banking sector is struggling with the overwhelming level of Non-Performing Loans (NPLs), no matter the efforts exerted by the main banks in Cyprus by following conventional banking models to balance their profit/loss reports, NPLs remain to be the proverbial hole in the bucket.
Income tax exemptions for expats living in Cyprus: what are your options?
Situated in the Eastern Mediterranean, the Republic of Cyprus boasts a strategic geographical location at the hub of three continents; Europe, Asia and Africa and a pleasant sunny climate year round.
The UK Persons of Significant Control Register & its impact on companies
The requirement to maintain a register of people with significant influence or control, more commonly known as the PSC register was introduced to mandate all unlisted companies in the UK, including LLPs and dormant companies to maintain a register identifying those with significant control over a company.
Cyprus implements the Hague Convention, legally recognising Trusts as a type of Equitable Law
This year, the Republic of Cyprus ratified The Hague Conventions’ definition of the legislation applicable to trusts and furthering the regulations surrounding their recognition. Cyprus common law now recognises trusts as a unique legal institution under equity.