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Hong Kong Ltd · via Sleek (Singapore)·🌐Founder profile

HK Ltd via Sleek SG — Chinese Cross-Border Founders

VerifiedJul 2026
EligibilityEligible
Setup timeline10–24days
Year-1 total$1,499

Sleek SG (competitor to Osome) offers similar HK Ltd formation and company secretary services for HKD 8,880+/year. Chinese cross-border founders comparing platforms often find Sleek slightly cheaper with comparable UX. Both handle IRD filings and annual audit.

Under HK's territorial system, IRD taxes only HK-source profits at two-tier 8.25% (first HKD 2M) / 16.5% above. Offshore-source claims require operational substance evidence.

China side: SAFE Circular 37 mandates filing for outbound investment structures; PRC Bulletin 3 (2020) taxes worldwide income of Chinese tax residents at progressive brackets.

§ 01Cost of ownership

Model the full outlay, not just the setup fee

Renewal costs sneak up on non-resident founders. Compare year-1 filing against a 3-year total to see the real bill.
Currency · USD (live FX)
2-year cost of ownership
$2,398
≈ $99.92/month amortized·USD @ live FX
Time horizon
Line items
Amount
  • SetupSleek (Singapore) setup
    $1,499
  • AnnualYear 2 renewal
    $899.00
Total$2,398
§ 02Tax residency · Chinese Cross-Border Founders

What the tax authority sees

US federal / local status

Hong Kong Ltd applies territorial taxation: IRD taxes only HK-source profits at two-tier 8.25% (first HKD 2M) / 16.5%; offshore claims possible with substance evidence.

Home-country rule

PRC individual foreign income tax (Bulletin 3, 2020) applies to worldwide income for tax residents; SAFE Circular 37 must be filed for outbound investment structures.

Editorial verdict

Sleek is Osome's main competitor with similar HK Ltd bundle; SAFE Circular 37 still required for Chinese founders.

Key compliance risks
  • 01PRC individual foreign income tax (Bulletin 3, 2020) taxes worldwide income for tax residents
  • 02SAFE Circular 37 must be filed for outbound investment structures
  • 03HK IRD two-tier 8.25%/16.5% on HK-source profits
  • 04IRD BEPS 2.0 enhanced substance rules from 2024 tighten offshore claims
§ 03Setup timeline

From filing to funded bank account

Setup timeline
10–24days total, 3 phases
Milestone check
Filing · Tax ID · Banking
d0
d6
d12
d18
d24
01FilingSleek (Singapore) submits formation docs
d0–d8
02Tax ID / EINLocal tax authority registration
d7–d18
03BankingBusiness account approved & funded
d14–d24
§ 04Head-to-head

Hong Kong Ltd vs UAE Free Zone (MEYDAN)

Full comparison →
Hong Kong Ltd
Ltd
UAE Free Zone (MEYDAN)
Free Zone LLC
Entity
Ltd
Free Zone LLC
Setup cost
$64.00
$1,306
Annual
$384.00
$1,306
Local director
Remote OK
Remote OK
Physical presence
Remote OK
Remote OK
Tax regime
8.25% first HKD 2M profit; territorial system
9% CT above AED 375k; 0% VAT for out-of-UAE trade
§ 05Questions founders actually ask

FAQ

Sleek base HKD 8,880/year vs Osome HKD 9,800. Both include company secretary, filings, audit. Osome's UI is slightly more modern; Sleek has broader partner network (Wise, Deel integrations). For Chinese founders, both handle similar KYC scope. Difference is largely brand preference.

More profiles for Hong Kong Ltd
Chinese Cross-Border Founders — other jurisdictions
Next step

Start filing with Sleek (Singapore)

Formation typically completes in 2–3 weeks. Use the promo below, then click through to begin the checklist directly on the platform.

Claim on Sleek (Singapore)