Fees and timelines in 2023

Fees

Hong Kong LLC company registration costs in Year 1 amount to US$3,350 and annual company costs in Year 2 amount to US$1,450. Average business set up engagement fees approximate US$10,105 including i) company incorporation ii) multi-currency corporate bank account opening iii) company secretary and iv) government fees. Please refer to the draft quotations below for further information on the costs of setting up a business in Hong Kong.

Different Hong Kong entity types	Registration cost	Annual maintenance fees	Sample of draft invoice
Tax resident LLC	US$10,105	US$11,295	View invoice PDF
Legally tax exempt LLC	US$10,105	US$11,295	View invoice PDF
Legally exempt LLC with EU IBAN Account	US$10,105	US$11,295	View invoice PDF
Legally tax exempt LLC + merchant account	US$15,055	US$10,175	View invoice PDF
Free zone company	US$12,055	US$10,275	View invoice PDF
Branch of a foreign company	US$14,005	US$11,295	View invoice PDF
Representative office	US$10,605	US$1,875	View invoice PDF
Subsidiary LLC	US$10,105	US$10,275	View invoice PDF
Holding company LLC	US$10,105	US$10,275	View invoice PDF
PLC company	US$10,105	US$10,175	View invoice PDF
LLC with employment visa	US$18,055	US$10,175	View invoice PDF
Hong Kong company with China corporate bank account	US$13,105	US$10,275	View invoice PDF
Foreign trust	US$16,000	US$16,150	View invoice PDF
Onshore trust	US$16,700	US$14,450	View invoice PDF
Bitcoin company	US$13,105	US$10,275	View invoice PDF
Offshore company with bitcoin	US$13,105	US$10,025	View invoice PDF
Money remittance company	US$28,105	US$10,875	View invoice PDF
LLP	US$10,105	US$10,275	View invoice PDF
Shelf company with international e-money bank account	US$19,915	US$10,175	View invoice PDF
Hong Kong LLC Annual Renewal	US$11,295	US$11,295	View invoice PDF

Click here to customize your registration package

Select the services you require and get the estimated total fees at end of this table:

Select	Service	Fee (US$)	Frequency
	LLC incorporation + estimated government registration fees	3,605	One time
	Company secretary and legal registered office	1,550	Annually
	Corporate bank account opening	4,950	One time
	Year end accounting,audit and tax fees	7,970	Annually
	Nominee individual director	3,900	Annually
	Nominee corporate shareholder	2,100	Annually
	Nominee director + nominee shareholder	6,600	Annually
	Employment visa (first employee) and residence visa	7,950	One time
	Secure physical office space in Hong Kong	950	One time
	Estimate monthly accounting and tax and payroll	860	Monthly
	Business website development	2,500	One time
	Merchant account (without travel)	4,950	One time
	Corporate brokerage account approval	2,950	One time
	Phone answering service	900	Annually
	Office mail service	900	Annually
	Fax forwarding service	600	Annually
	Business stationery design with logo	950	One time
	Monthly payroll for staff	760	Monthly
	MPF set up for staff	950	One time
	Staff recruitment	7,950	One time
	Find an apartment for your staff	4,950	One time
	Find corporate finance	5,000	Retainer fee
	M&A advisory	5,000	Retainer fee
	Hedge fund set up	5,000	Retainer fee
	Establish a legal trust	5,000	Retainer fee
	Total fees (US$)	0

Other fee considerations

Due diligence information required from our Clients

Timelines

The average Hong Kong engagement time period is 8 weeks as outlined below:

Service	Resident company	Offshore company	Offshore trust	PLC	Branch	RO
Engagement Planning	1 week	1 week	2 weeks	2 weeks	1 week	1 week
Company incorporation period	1 week	1 week	4 weeks	3 weeks	2 weeks	2 weeks
Bank Account approval	4 weeks	4 weeks	4 weeks	4 weeks	4 weeks	4 weeks
Internet Banking approval	1 week	1 week	1 week	1 week	1 week	1 week
Engagement completion	1 week	1 week	1 week	1 week	1 week	1 week
Total engagement period	8 weeks	8 weeks	12 weeks	11 weeks	9 weeks	9 weeks

Hong Kong business registration engagement period timeline

Preparing a detailed project plan;
Our Client confirms the corporate structure;
Collecting due diligence from our Client.

Our Client signs the corporate bank account opening forms;
Healy Consultants prepares a business plan;
Healy Consultants visits the bank for interview;
The Bank Legal and Compliance Department review and approve the banking application;
The Bank Front Office email corporate bank account numbers to our client.

The Bank Operations Department mails the internet username and passwords to our Client;
Some of our Clients’ request Healy Consultants to activate the internet banking on their behalf.

Healy Consultants confirms all Client due diligence is received;
Healy Consultants couriers to our Client the complete original company and bank account documents;
Our Client completes our web page feedback survey;