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$11,020 | View invoice PDF |
| Legally tax exempt LLC | US$10,105 | US$11,020 | View invoice PDF |
| Legally exempt LLC with EU IBAN Account | US$10,105 | US$11,020 | View invoice PDF |
| Legally tax exempt LLC + merchant account | US$15,055 | US$10,000 | View invoice PDF |
| Free zone company | US$12,055 | US$10,000 | View invoice PDF |
| Branch of a foreign company | US$14,005 | US$11,020 | View invoice PDF |
| Representative office | US$10,605 | US$1,600 | View invoice PDF |
| Subsidiary LLC | US$10,105 | US$10,000 | View invoice PDF |
| Holding company LLC | US$10,105 | US$10,000 | View invoice PDF |
| PLC company | US$10,105 | US$9,900 | View invoice PDF |
| LLC with employment visa | US$18,055 | US$10,000 | View invoice PDF |
| Hong Kong company with China corporate bank account | US$13,105 | US$10,000 | 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$10,000 | View invoice PDF |
| Offshore company with bitcoin | US$13,105 | US$10,000 | View invoice PDF |
| Money remittance company | US$28,105 | US$10,700 | View invoice PDF |
| LLP | US$10,105 | US$10,000 | View invoice PDF |
| Shelf company with international e-money bank account | US$19,915 | US$9,900 | View invoice PDF |
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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 |
