Key Takeaways
Osome offers two packages for Hong Kong company incorporation, with the "Essential" package focusing on cost-efficiency and the "All-Inclusive" package providing additional services like a registered address and mail forwarding.
The pricing for Osome’s services is straightforward, starting at HKD 5,800 for the Essential package. Customer support is available via multiple channels, although contact hours are not specified on their website.
As international business activity expands, many entrepreneurs are turning to Asian markets like Hong Kong because it is a prominent business hub renowned for its ease of doing business, its favourable tax system, and its strategic position as a gateway to China.
For those looking to establish a presence in this thriving market, incorporating a company is a crucial legal step. However, navigating this process in an unfamiliar jurisdiction can be challenging. That’s why company formation services are valuable for ensuring a smoother and quicker process.
Today, many providers offer Hong Kong company registration services, and you may have heard of Osome. But is it the right choice for you? This review will examine Osome, exploring its packages, fees, customer service, and company formation process to help you determine if it meets your needs.
What Is Osome?
Founded in 2017 and headquartered in Singapore, Osome is a cloud-based digital business assistant providing various administrative support services. They offer online accounting, company audits, ecommerce accounting, corporate secretary services, and company incorporation.
The company operates in Singapore, Hong Kong, and the UK.
Osome has secured 66.5 million in funding across eight rounds. Their most recent funding, a Series B round, was completed on 17 May 2024.
Osome Pros and Cons
- 100% online
- A comprehensive package that allows you to include or exclude a registered address and mail forwarding to manage costs.
- Simple pricing structure
- Limited information on the webpage. Lack of specific details, such as shareholder coverage, changes in particulars, and more.
- Business accounts are not offered on the platform; assistance with banks is provided, but approvals depend on third parties.
Tip: Not sure if Osome is the right fit? Explore the best company incorporation services in Hong Kong and see our comparison of Statrys vs Osome.
Factors to Consider Before Choosing a Company Registration Service Provider in Hong Kong
Before we start the review, let's look at what to keep in mind when choosing a company registration service for a Hong Kong business. This may help you decide if Osome is right for you.
Core Services
The provider should handle key requirements, necessary documents, and ongoing compliance. For forming a Hong Kong company, this involves:
- Hong Kong Registered Address: A physical address in Hong Kong, excluding P.O. Boxes.
- Hong Kong Company Secretary: A local or licensed professional managing compliance.
- Articles of Association: Company rules and regulations document.
- Business Registration Certificate (BRC): Proof of business registration in Hong Kong.
- Certificate of Incorporation: Confirmation of the company’s legal status.
- Maintenance of Statutory Records: Managing required company records.
- Significant Controllers Register: List of individuals with significant control.
- Annual Return Filling (NAR1): Annual report submission to the Companies Registry.
Tip: Get familiar with the full details of Hong Kong company formation and the process for setting up a company in Hong Kong.
Hidden Costs
Whenever you contact a provider, be sure to ask about all potential costs. It's common for extra charges to arise from administrative fees.
Here are some key questions to ask:
- Are government filing fees included in the service package, or are they billed separately?
- Are the costs for a registered address and company secretary covered, and what services are included?
- How many shareholders are included in the base price, and what is the cost of adding more?
- Are there extra fees for changes in the company structure, such as adding or removing directors or shareholders?
Customer Support
Strong customer support is crucial for a seamless registration process. Make sure you can easily communicate with your provider to track your company’s progress and resolve any issues with the legal documents involved. It’s a bonus point if they use communication channels you’re familiar with.
Customer Reviews
Before choosing a provider, you should consider reading customer reviews.
For a detailed perspective on Osome’s performance, check out this Osome reviews page on Trustpilot.
Tip: You don’t need to pay for business account opening support. The process is usually simple for most companies, and business accounts such as Statrys can be opened free of charge.
Osome Hong Kong Company Incorporation Service Features
Osome offers two registration packages. The first is the “Essential” package, which does not include a registered address, making it ideal for those who already have a local address in Hong Kong and are looking to reduce costs. The second is the “All-Inclusive” package, which includes a registered address, ideal for those without a physical space in Hong Kong.
Let's review the features included in each package.
Essential
- Government fee included
- Application for incorporation
- Certificate of Incorporation (CI)
- Articles of Association
- Business Registration Certificate (BRC)
- Company Secretary services
- Personal support from your company secretary via live chat
- Documentation for the Annual General Meeting
- Filing of Annual Returns (NAR1)
- Automated filing deadline reminders
- Online management of share distribution and capital table
- Document storage via the Osome app
- Assistance with opening a traditional bank and neobank account
All-inclusive
Everything in Essential, plus
- Management of unlimited company changes
- A registered address
- Notifications for received mail
- Scanning and forwarding of notices and documents to the registered address
Osome provides bookkeeping, accounting, audit, and company secretary services in Hong Kong as entirely separate services, with prices varying across different tiers and some overlap with their company incorporation packages. This article, however, focuses exclusively on their company incorporation packages.
Tip: To incorporate a company in Hong Kong, you must have a registered address. This means you either need to have a local Hong Kong address or choose a service that provides one.
Osome Hong Kong Company Incorporation Service Pricing
Osome's pricing is straightforward and based on the chosen package. Here are the details:
Services | Fee |
Essential Package | HKD 5,800 |
All-inclusive package | HKD 7,800 |
Company chop add-on (optional) | HKD 550 |
To learn more about Osome’s fees, please visit Osome’s pricing page.
Step-by-Step Process to Incorporate a Company with Osome
Incorporating a Hong Kong company with Osome is a 100% online process with a few main steps:
- Leave your contact details, including your name, email address, and phone number, with Osome.
- An Osome representative should reach out to request your business details and documents. This includes your company name, business activities, share structure, and information about directors and shareholders.
- Complete online ID verification for all individuals involved.
- Osome will then prepare the necessary documents: the Company Constitution, Articles of Association, and the incorporation application.
- Review and sign the documents digitally.
After completing these steps, you should be able to form your Hong Kong company.
Osome Customer Support
To get in touch with Osome, you have several options:
- Email: hk@osome.com
- Phone: +852 2632 9288
- Address: Unit 2201-02, 22/F, Universal Trade Centre, 3 Arbuthnot Road, Central, Hong Kong
- Contact Form: For online inquiries, use the contact form available on Osome’s website
- WhatsApp: You can find Osome’s WhatsApp on their website.
Please note that there is no information on contact hours available on the website.
Alternative Solution: Statrys
If Osome doesn't fully meet your needs for Hong Kong company incorporation, consider Statrys.
Launched in 2019, Statrys started as a licensed payment service provider for businesses in Hong Kong, Singapore, and the BVI. In 2022, they expanded to include company registration services in Hong Kong and Singapore, providing everything needed to start a company in the region.
What distinguishes Statrys from Osome is that Statrys provides a single, all-in-one package that includes an application to a multi-currency business account within the same platform. This integration allows for a faster and more streamlined process when setting up and managing your business in Hong Kong.
Additionally, Statrys can provide tailored recommendations for accounting firms that match your business's transaction volume.
Below is an overview of Statrys' Hong Kong company incorporation services:
Pricing | HKD 8,600 |
Incorporation Services |
|
A Hong Kong Registered Address |
|
Company Secretary Services |
|
Business Account |
|
Additional Services |
|
FAQs
What is Osome?
Osome is a cloud-based business assistant platform founded in 2017. They offer online accounting, company audits, and incorporation services to businesses in Singapore, Hong Kong, and the UK.
How much does it cost to register a company in Hong Kong with Osome?
How long does it take to register a company in Hong Kong with Osome?
What are the best alternatives to Osome?
Disclaimer
Statrys competes directly with Osome in providing Company incorporation services in Hong Kong and Singapore, but we're committed to providing an unbiased, thorough review to help you make an informed choice.
