Company formation fees

Updated time: Oct 28, 2017 , 10:32 (UTC+08:00)

1. OFFSHORE COMPANY FORMATION FEE

Jurisdiction Service fee for 1st year Service fee for year 2+ Government fee & Service Charged Details
United Kingdom United Kingdom US$ 299 US$ 259 US$ 365
Company Kit
Hong Kong Hong Kong US$ 399 US$ 399

US$ 561

Company Kit
Singapore Singapore US$ 499
US$ 399 US$ 995
Company Kit
Seychelles Seychelles US$ 439 US$ 339 US$ 250 Company Kit
Marshall Islands Marshall Islands - IBC US$ 499 US$ 420 US$ 400 Company Kit
Marshall Islands Marshall Islands - LLC US$ 750 US$ 740 US$ 500 Company Kit
Belize Belize - IBC US$ 510 US$ 449 US$ 350 Company Kit
Belize Belize - LLC US$ 600 US$ 500 US$ 350 Company Kit
Anguilla Anguilla US$ 539 US$ 439 US$ 400 Company Kit
Delaware Delaware US$ 549 US$ 249 US$ 400 Company Kit
British Virgin Islands British Virgin Islands US$ 569 US$ 469 US$ 500 Company Kit
Samoa Samoa US$ 589 US$ 489 US$ 400 Company Kit
Vanuatu Vanuatu US$ 590 US$ 490 US$ 500 Company Kit
Panama Panama US$ 599 US$ 499 US$ 650 Company Kit
Mauritius Mauritius - GBC2 US$ 699 US$ 599 US$ 900 Company Kit
Mauritius Mauritius - GBC1 US$ 1990 US$ 1,890 US$ 3,500 Company Kit
St. Vincent and the Grenadines Saint Vincent - Grenadines US$ 799
US$ 699
US$ 700
Company Kit
nevis Nevis - NBCO US$ 800 US$ 750 US$ 350 Company Kit
nevis Nevis - LLC US$ 800 US$ 750 US$ 300 Company Kit
Gibraltar Gibraltar US$ 815 US$ 715 US$ 800 Company Kit
Bahamas Bahamas US$ 899 US$ 499 US$ 650 Company Kit
Jersey Jersey US$ 1,190 US$ 1,090 US$ 1,800 Company Kit
RAK (UAE) RAK (UAE) US$ 1,349 US$ 1,249 US$ 1,150 Company Kit
Cyprus Cyprus US$ 1,399 US$ 1,299
US$ 1,200
Company Kit
Malta Malta US$ 1,590 US$ 1,390 US$ 1,200 Company Kit
Cayman Island Cayman Island - Exempt US$ 1,629 US$ 1,529 US$ 1,300 Company Kit
Cayman Island Cayman Island - LLC US$ 1,950 US$ 1,850 US$ 1,500 Company Kit
Switzerland Switzerland US$ 2,500 US$ 2,400 US$ 6,410 Company Kit
Netherland Netherland US$ 2,299 US$ 2,299 US$ 1,800 Company Kit
Luxembourg Luxembourg Soparfi US$ 4,500 US$ 4,400 US$ 3,500 Company Kit
Luxembourg Luxembourg Trading US$ 8,500 US$ 8,400 US$ 3,500 Company Kit
Liechtenstein Liechtenstein AG US$ 5,499 US$ 4,499 US$ 4,499 Company Kit
Liechtenstein Liechtenstein Anstalt US$ 5,499 US$ 4,499 US$ 4,499 Company Kit

1.1. SERVICE FEE

Initially, to successfully commence the new offshore company, beside some set-up cost for government, you compulsorily need a company secretary that will be your company’ representative to be responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented

  • Basic Establishment Fee
  • Corporate Secretarial Structuring Fee

1.2. ANNUAL FEE

Beside the mandatory Government fees, you need to maintain your company secretary service annually. Company secretary will assist your company to carry out some fundamental functions included:

  • Annual Statutory Fee - Registered Office - Registered Agent
  • Annual Compliance Fee - to cover KYC and Corporate Governance Procedures
  • Disbursements + other recoverable
  • Minimum Accounting Fee
  • Minimum Audit Retainer

1.3. GOVERNMENT FEE

According to Government’ financial policy, non-resident companies have to pay particular fees to maintain their company licenses in every year. Most countries do not require annual return, exceptionally from Mauritius and Cayman.

  • Annual License Fee - Payable to the Government for one year
  • Annual Return Filing Fee - Payable to the Government for one year

Note

  • Clients need to pay 2 types of fee: Government fee and Service fee. The Government fee is mandatory that can be done via our service.
  • The renewal fee for Hong Kong Company from the 2nd year includes: Renew Business Registration Certificate (BRC) 2250.00 HKD ~ 288.00 USD + 10% service charge (28.00 USD), Service fee (399.00 USD) & Annual Return (84.00 USD): 799.00 USD

2. Bank Account Opening Fee

2.1. Hong Kong

Bank Initial Deposit Average Cycle Time Remarks Service Fee
HSBC Hong Kong
www.hsbc.com.hk
HSBC Hong Kong

HKD 10,000

2 - 4 working days

Personal Visit

US$ 299

OCBC Wing Hang Bank Limited
www.ocbcwhhk.com
OCBC Wing Hang Bank Limited

HKD 50,000

4 - 6 working days

Personal Visit

US$ 299

Hang Seng Bank
www.hangseng.com
Hang Seng Bank

HKD 10,000

4 - 8 working days

Personal Visit

US$ 299

Standard Chartered Bank (Hong Kong) Limited
www.sc.com/hk
Standard Chartered Bank (Hong Kong) Limited

HKD 50,000

4 - 6 working days

Personal Visit, HK resident OR HK company

US$ 299

ICICI Bank Hong Kong
www.icicibank.hk
ICICI Bank Hong Kong

HKD 10,000

4 - 6 working days

Personal Visit

US$ 299

2.2. Singapore

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
DBS Bank Limited (SG)
www.dbs.com.sg
DBS Bank Limited (SG)

SGD 3,000 (Basic)

2 - 4 days

Personal Visit

US$ 299

Bank Singapore
www.ocbc.com
OCBC Bank Singapore

SGD 30,000

2 - 4 days

Personal Visit

US$ 299

HSBC Singapore Ltd
www.hsbc.com.sg
HSBC Singapore Ltd

SGD 30,000

5 - 7 days

Personal Visit, SG resident OR SG Company

US$ 299

Standard Chartered Bank
www.sc.com/sg
Standard Chartered Bank (Singapore) Limited

SGD 30,000

4 - 6 days

Personal Visit, SG resident OR SG Company

US$ 299

2.3. Switzerland

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
CIM BANK
www.cimbanque.com
CIM BANK

USD 20,000

1 - 2 weeks

Remote Application

US$ 499

Banque Heritage
www.heritage.ch
Banque Heritage

USD 500,000

1 - 2 weeks

Remote Application

US$ 499

2.4. Latvia

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
BlueOrange Bank
www.blueorangebank.com
BlueOrange Bank
(Former name: Baltikums Bank)


No

2 - 5 days

Personal Visit

US$ 499

Rietumu Banka
www.rietumu.lv
Rietumu Banka


5000 EUR

Monthly balance requirement: EUR 100,000

1 - 2 weeks

Boutique Visit**

US$ 499

2.5. Mauritius

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
ABC Banking Corporation
www.abcbanking.mu
ABC Banking Corporation

USD 1,000

1 - 2 weeks

Remote Application

US$ 699

Standard Bank
www.standardbank.mu
Standard Bank Mauritius Limited

Monthly balance requirement: USD 50,000

1 - 2 weeks

Remote Application

US$ 999

MauBank Ltd
www.maubank.mu/en
MauBank Ltd

USD 5,000

1 - 2 weeks

Remote Application

US$ 899

Mauritius Commercial Bank
www.www.mcb.mu
Mauritius Commercial Bank

USD 50,000

1 - 2 weeks

Remote Application

US$ 699

2.6. St. Vincent and the Grenadines

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Euro Pacific Bank (EPB)
www.europacbank.com
Euro Pacific Bank (EPB)

USD 500

4 - 7 days

Remote Application

US$ 499

Loyal Bank
www.loyalbank.com
Loyal Bank

USD 1000

5 - 10 days

Remote Application

US$ 499

2.7. Belize

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Choice Bank Limited
www.choicebankltd.com
Choice Bank Limited

USD 50,000***

1 - 2 weeks

Remote Application

US$ 499

Belize Bank International
www.belizebankinternational.com
Belize Bank International

USD 1,000

1 - 2 weeks

Remote Application

US$ 499

Atlantic International Bank Limited
www.atlanticibl.com
Atlantic International Bank Limited

USD 1,000

1 - 2 weeks

Remote Application

US$ 499

2.8. UAE - RAK

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
RAKBANK
www.rakbank.ae
RAKBANK

AED 20,000

1 - 2 weeks

Personal Visit

US$ 699

Emirates Islamic Bank
www.emiratesislamic.ae
Emirates Islamic Bank

AED 10,000

1 - 2 weeks

Personal Visit

US$ 699

2.9. Vanuatu

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Vantu Bank Limited
www.vantubank.com
Vantu Bank Limited

EUR 2,000

1 - 2 weeks

Remote Application

US$ 699

Pacific Private Bank
www.pacificprivatebank.com
Pacific Private Bank

USD 1,500

1 - 2 weeks

Remote Application

US$ 499

2.10. Saint Lucia

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Bank of Saint Lucia International
www.boslil.com
Bank of Saint Lucia International

No

5 - 7 days

Remote Application

US$ 499

2.11. Cyprus

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Bank of Cyprus
www.bankofcyprus.com
Bank of Cyprus

USD 1,000

1 - 2 weeks

Remote Application

US$ 499

2.12. Luxembourg

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
RCB Bank Ltd
www.rcblu.com
RCB Bank Ltd

No

1 - 2 weeks

Personal Visit

US$ 499

3. Additional Services

Services Value
Nominee Director US$ 499
Nominee Shareholder US$ 399
Merchant Account
Matching Consultancy US$ 99
PSP Set-up US$ 250
Merchant Account (Applicable fee depends on business nature and jurisdiction)
Applying for Investment and Employment Visa (HKID) US$ 2,390
Singapore Employment Pass US$ 1,900
Notarisation and Apostille on Documents (The fee depends on each jurisdiction)

Virtual Office & Local Phone

Service Retainer: 2* Unit price

Contract period: 3 months US$ 159/ month
Contract period: 6 months US$ 149/ month
Contract period: 12 months US$ 136/ month
Note: If you make full payment for contract period, you do not need to pay Service retainer. If you pay monthly, you have to pay Service retainer and Service retainer fee will be refunded to clients after contract terminated within 5 working days.