Starting a new company in Hong Kong takes more than just filling out the right paperwork - you also need to meet all of the local legal requirements. That's why doing it yourself can be time-consuming and prone to mistakes. This is where Hong Kong company registration service providers can be helpful.
Two notable service providers in Hong Kong are Statrys and Osome. This article offers a comprehensive comparison of Statrys and Osome's company registration service in Hong Kong. We compare their key services, plans, fees, and customer support to help you choose the ideal partner for your Hong Kong company incorporation needs.
Disclaimer: Statrys competes directly with Osome, offering similar company registration services in Hong Kong and Singapore. Despite this, we strive to provide an unbiased and thorough review to assist you in making an informed choice.
Statrys vs Osome at a Glance
Feature | Statrys | Osome |
Service Plans | One comprehensive package | 2 plans |
Pros | ✅One package includes all essential requirements for launching a Hong Kong business ✅Includes a registered address with scanning of received mail. ✅Offers in-house multi-currency business accounts with a dedicated account manager | ✅ Two packages for companies with and without physical addresses in Hong Kong ✅ Unlimited corporate changes in the all-in-one package ✅ Additional accounting and secretary service plans |
Cons | ❌No accounting service. However, Statrys can recommend trusted service providers based on your specific needs. | ❌ No business account offering, only assistance in opening one. |
Pricing | HKD 8,600 | HKD 5,845 - 9,795 |
Best For | Entrepreneurs and SME owners who want a one-stop solution that covers everything they need within one package. | Companies seeking flexible service options, especially those that can rent their own physical office in Hong Kong. |
Tip: Learn more about Osome Hong Kong company incorporation service in our detailed review.
Incorporation Package Comparison
Let’s compare what’s included in Statrys’ all-in-one company incorporation package and Osome’s Comprehensive Package, which have similar offerings.*
Company Incorporation
Feature | Statrys | Osome |
Name Check | Included | Details are not available on the website |
Filling out the Incorporation Application with the Hong Kong Companies Registry | Included | Included |
Included | Included | |
Business Registration Certificate (BRC) for 1 year | Included | Included |
Included | Included | |
Company Chops | Included | Offered as an optional add-on to the company secretary service for HKD 550. |
Registered Address (For 1 Year) | Included | Included |
Statrys and Osome offer similar incorporation packages, which include essentials such as the necessary incorporation documents and a registered address for one year. Both cater to entrepreneurs seeking streamlined solutions, but Statrys takes an all-inclusive approach, while Osome offers customisation through add-ons, such as company chops.
Company Secretary
Feature | Statrys | Osome |
Company Secretarial Services | Included | Included |
Maintenance of Statutory Records | Included | Details are not available on the website |
Appointment as the Designated Representative of the Company | Included | Details are not available on the website |
Annual Returns Filing (NAR1) | Included | Included |
Automated Reminders of Filing Deadlines | Included | Included |
Preparation of the Annual General Meetings | Included | Included |
Both Statrys and Osome incorporation packages include company secretary services with similar features, such as filing annual returns and preparing Annual General Meetings (AGMs). Both services are tailored to help businesses maintain compliance and simplify the management of statutory requirements. However, certain features, such as maintaining statutory records, are not listed on Osome’s website.
Tip: You can seamlessly switch to Statrys' company secretary, even if you didn’t use the company incorporation service.
Registered Office Address
Feature | Statrys | Osome |
Registered Office Address | Included | Included |
Scanning and Forwarding of Received Mail | Included | Included |
Statrys and Osome both include a registered office address in their packages, along with scanning and forwarding of received mail, ensuring essential compliance and document management for businesses.
Note: A registered address is mandatory, so businesses must either rent their own or pick a service that covers it.
Corporate Actions
To enhance profitability, stimulate growth, or address other business needs, your company might need to change company directors, restructure, or sell shares over time. Here is a comparison of the corporate action services offered by the two providers.
Feature | Statrys | Osome |
Changes in Directors | Director Appointment, Resignation, or Change in Personal Details | Included |
Changes in Shareholders | Not included Allotment of shares and transfer quoted on request | Included |
Statrys offers services related to director changes, including appointment, resignation, and change of personal particulars of the director. However, the service for share allocation and transfers operates on a quote-based model. You will need to inquire directly for detailed information, which may require additional time and effort.
Osome states that they can perform unlimited corporate changes related to directors, shareholders, shares, etc. It is advisable to verify the specifics directly with the company.
Accounting, Audit and Tax Services
Feature | Statrys | Osome |
Accounting Services | Not included | Not included |
Audit | Not included | Not included |
Tax Services | Not included | Not included |
Neither Statrys nor Osome offers accounting services in the company registration packages.
However, as the fiscal year-end approaches, Statrys can analyse your transaction volume and recommend suitable accounting providers along with suitable quotations. Osome, on another note, has separate accounting service plans to explore starting from HKD 317 per month billed annually (unaudited).*
Tip: In Hong Kong, companies aren't required to do monthly reports but must submit an annual return to meet compliance standards. Learn more about accounting in our guide on accounting and bookkeeping in Hong Kong.
Business Account
Feature | Statrys | Osome |
Business Account | Application for a Statrys business account available (subject to approval) | Osome does not offer business accounts but assists in opening one (subject to approval) |
Payment Card | Statrys Mastercard® Prepaid card (subject to approval) | Osome does not offer payment cards. Whether you receive one depends on the bank or financial institution they help you open an account with. |
Dedicated Account Manager | Included | Not included |
Statrys provides its own multi-currency business accounts and payment cards, offering access to 11 currencies, competitive FX rates, and a dedicated account manager (subject to approval). This means that clients can apply for a business account on the same platform immediately after setting up their company. Typically, clients with a simple business structure can have their company registered and business account established in as fast as 5 working days.
Osome, on the other hand, does not directly provide business accounts but helps clients apply for one with banks and fintechs like HSBC Hong Kong and Airwallex, with approval and benefits varying based on the chosen financial institution.
Tip: Explore and compare the 7 best business accounts in Hong Kong.
Pricing Comparison
Having reviewed the features included in Statrys’ and Osome’s company registration packages, let’s now explore their pricing structures.
Feature | Statrys | Osome |
Pricing | HKD 8,600 | Essential: HKD 5,845 Comprehensive: HKD 9,795 |
Statrys provides an all-inclusive package at a single price, while Osome offers two options: the Essential Package (without a registered address) and the Comprehensive Package (with a registered address).
Although the standard prices are listed on both websites, promotional discounts are frequently available. Statrys often reduce its price to HKD 7,740, while Osome's discounted rates are typically HKD 5,800 and HKD 7,800.
Customer Support Comparison
Reliable and accessible customer support can make a significant difference when choosing a service provider. Let’s take a closer look at how Statrys and Osome compare in this area.
Feature | Statrys | Osome |
Communication Channels | Phone, chat, chatbot, email, WeChat, WhatsApp, contact form | Phone, chat, chatbot, email, WhatsApp, contact form |
Working Hours | 10 am – 7 pm (Hong Kong Time) | We cannot find specific information |
Personal Support Regarding Company Secretary Services Via Chat | Included | Included |
Dedicated Account Manager for Your Business Account | Included | Included |
Statrys and Osome both provide comprehensive customer service options, including phone, chat, chatbot, email, WhatsApp, and contact forms. Statrys goes further by offering WeChat support, which is especially beneficial for users conducting business in China due to its popularity and convenience in the region.
Statrys operates from 10 am to 7 pm Hong Kong time, while Osome's specific operating hours are not listed on the website.
Choosing Between Statrys and Osome
Statrys provides comprehensive support for establishing operations in Hong Kong and maintaining statutory compliance, with the added benefit of a business account available on the same platform. In contrast, Osome offers flexibility with cost-effective base packages and optional add-ons, including in-house accounting services.
Overall, both Statrys and Osome provide reliable solutions for company registration in Hong Kong, and the right choice will depend on your unique business needs and priorities. Here’s a quick guide to help you decide:
When to Choose Statrys
- You prioritise an all-in-one solution: Statrys offers an all-inclusive package with transparent pricing, ideal for businesses that want a straightforward setup without juggling multiple service providers for each compliance requirement.
- You require a multi-currency business account: Businesses operating globally and managing cross-border payments can benefit from Statrys’ built-in multi-currency business account and payment card.
- You need personalised support: Statrys assigns personalised customer support, which is particularly beneficial for first-time entrepreneurs or businesses that need hands-on guidance.
When to Choose Osome
- You want flexible pricing options: With separate packages for businesses with and without a registered address, Osome allows you to choose only what you need, saving costs for companies with their own office.
- You plan to make frequent corporate changes: Osome is a better fit for businesses expecting ongoing adjustments to directors, shareholders, or shares, as their packages include unlimited corporate changes.
- You need integrated accounting services. For businesses that require immediate access to bookkeeping or accounting, Osome’s platform offers these services, saving the need for a separate provider.
Conclusion
In conclusion, both Statrys and Osome offer valuable corporate solutions for businesses seeking streamlined company registration in Hong Kong. Statrys stands out for its all-inclusive package and its own multi-currency business account, while Osome provides flexibility for those with their own office and additional services like accounting. By evaluating your business priorities and long-term goals, you can select the provider that best aligns with your operational and financial needs.
FAQs
Which is better: Osome or Statrys?
Which service provider is better depends on your goals. Statrys is better if you need a comprehensive package that includes a registered business address, a business account (subject to approval) and more direct support. Osome is better if you prefer flexibility in service options and additional services like accounting and audit.
What's the difference between Osome and Statrys?
How much is it to incorporate a company with Osome?
Can a foreigner register a company in Hong Kong?
How long does the company incorporation process take in Hong Kong?
Disclaimer
Statrys competes directly with Osome, offering similar company registration services. Despite this, we strive to provide an unbiased and thorough review to assist you in making an informed choice.