HK Ltd via Sleek SG — Japanese SaaS Founders
Japanese SaaS founders comparing Sleek to Osome find Sleek ~HKD 900/year cheaper on the base subscription. Both provide equivalent HK Ltd formation, company secretary, 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.
Japan side: NTA Anti-Tax Haven Rules under the Act on Special Measures Concerning Taxation attribute income of low-taxed foreign controlled entities (effective rate below 20%) to Japanese parents. Active-business exemption possible with genuine operational substance in HK.
Model the full outlay, not just the setup fee
- SetupSleek (Singapore) setup$1,499
- AnnualYear 2 renewal$899.00
What the tax authority sees
Hong Kong Ltd applies territorial taxation: IRD taxes only HK-source profits at two-tier 8.25% (first HKD 2M) / 16.5%; NTA Anti-Tax Haven Rules apply if effective rate below 20%.
National Tax Agency treats worldwide income; foreign subsidiaries reportable under CFC rules (Anti-Tax Haven Rules, Act on Special Measures Concerning Taxation).
Sleek offers cheaper base than Osome (~HKD 900 less); Anti-Tax Haven Rules unchanged — active-business substance still key.
- 01NTA Anti-Tax Haven Rules attribute income if effective rate below 20%
- 02HK IRD two-tier 8.25%/16.5% on HK-source profits
- 03Japan CFC filing on Form 別表 requires foreign subsidiary disclosure
- 04IRD BEPS 2.0 enhanced substance rules from 2024
From filing to funded bank account
Hong Kong Ltd vs UAE Free Zone (MEYDAN)
FAQ
Sleek base HKD 8,880/year vs Osome HKD 9,800. Both cover secretary + IRD filings + audit. Sleek's partner integrations (Wise, Deel) are broader; Osome has slightly more polished UI. Choose on personal preference of the demo experience.
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.