Statrys vs Osome: Company Registration Service Comparison [2024]

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

Statrys is a Hong Kong-based fintech company founded in 2019 that offers company incorporation, multi-currency business accounts, and payment solutions all in one platform to SMEs and entrepreneurs. 

Statrys company incorporation package includes a registered address and company secretary services.

Let's take a look at Statry's company incorporation service package:

Osome is a cloud-based platform that helps small to medium-sized business owners with company incorporation, accounting, and secretarial services. They focus on handling all the routine tasks so that their entrepreneur clients can focus on growing the business.

Let's take a look at Osome's company incorporation service packages:

Osome offers two incorporation packages: the "Essential" package and the "All-inclusive" package. The Essential package is designed for companies that already have a physical office in Hong Kong, and therefore do not need a registered address. On the other hand, the All-inclusive package is tailored for companies that lack a Hong Kong physical office and includes a registered address as part of the service. 

None of their packages includes accounting services, but they offer accounting services separately, with the standout option being ecommerce accounting. 

All packages include fundamental company secretary services. For advanced or standalone company secretary services, Osome offers tiered packages to suit different needs.

For this section, we compare Statrys single package with Osome's "All-inclusive" package, which is a comparable alternative that includes a registered address.

Statrys and Osome check almost all the same boxes. However, Statrys may be more comprehensive regarding name checks, company chops, and maintaining statutory records. On the other hand, Osome provides company chops as an optional add-on priced at HKD 550. For other information, it's best to contact the Osome team directly, as Osome's website has limited publicly available information.

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).

Overall, Statrys is ideal for businesses looking for extensive support in establishing operations in Hong Kong and maintaining statutory records. However, its pricing plans are less flexible compared to Osome.

In contrast, Osome offers a slightly more cost-effective base package with other add-ons and accounting services on the same platform. This makes it a better choice for businesses looking for customisation and immediate accounting solutions.

Once your corporate structure has been established in Hong Kong, the important next step is to set up a separate business account for receiving and paying in Hong Kong. 

Statrys allows you to open a business account directly on their platform, whereas Osome will help with applications at traditional and online financial institutions. Here's a quick comparison: 

Statrys offers its own business account and payment card service. After registering your company, the team can promptly assist you in opening a Statrys business account. Once approved, you'll enjoy the benefits of managing 11 currencies in one account, competitive foreign exchange rates, and a dedicated Statrys account manager to support you. 

On the other hand, Osome does not directly provide business accounts. Instead, they assist clients in the application process with traditional banks and neobanks like HSBC and Airwallex. The application is subject to approval by the banks registered, and the benefits will vary based on the chosen bank.

To enhance profitability, stimulate growth, or address other business needs, your company might need to restructure or sell shares over time. Here is a comparison of the corporate action services offered by the two providers.

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.

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.