HK Ltd via Sleek SG — Korean E-commerce Sellers
Korean e-commerce sellers pick Sleek over Osome for the ~HKD 900 base cost saving on comparable HK Ltd bundles. Sleek covers formation, company secretary, IRD filings, and annual audit.
Under HK territorial taxation, IRD applies two-tier 8.25% (first HKD 2M) / 16.5% only to HK-source profits. Amazon US and Korean domestic e-commerce revenue can potentially qualify for offshore-source exemption.
Korea side: Income Tax Act Article 3 taxes worldwide personal income once distributions received; Korean CFC rules (Article 17 of Adjustment of International Taxes Act) attribute low-taxed foreign controlled entity income (below 17.5% effective rate) to Korean owners.
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%; Korean Article 3 taxes distributions.
National Tax Service; foreign-source income reporting per Income Tax Act Article 3; Korea has US tax treaty (10% treaty rate for royalties).
Sleek is HKD 900 cheaper than Osome for identical HK Ltd bundle; Korea CFC rules pass through if HK effective tax below 17.5%.
- 01Korean Income Tax Act Article 3 taxes worldwide personal income once distributed
- 02HK IRD two-tier 8.25%/16.5% on HK-source profits
- 03Korea CFC rules attribute if HK effective rate below 17.5%
- 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, Osome HKD 9,800. Same secretary + IRD filings + audit. Sleek slightly cheaper; Osome slightly more established brand. Korean bank documentation is similar on both — both provide standard HK Ltd formation package.
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.