Not sure what to choose? Take a short quiz and get recommendations.
Profile picture of Bertrand Theaud with the Statrys gradient background

Written by Bertrand Théaud, Founder

20+ years in Asia as a corporate lawyer, investor, and fintech founder. I've sat on both sides of the table and seen the same avoidable mistakes hit founders again and again. The reviews and articles I write are for founders who'd rather skip the mistakes.

Key Takeaways

Statrys is a licensed Trust or Company Service Provider (TCSP), the same licence category Sleek operates under. That's the credential that actually authorizes incorporation, company secretary, and filing work in Hong Kong, not a side note to our business account.

Check the real incorporation price before you compare headline numbers: a registered address is a legal requirement to incorporate at all, and on Sleek's cheapest tier it's sold back to you as a separate HKD 2,000/year add-on rather than included.

On accounting, ignore any figure you see floating around that adds a separate monthly "platform fee" on top of our published rate. We don't charge one, on any tier.

Once incorporation and accounting are compared like for like, the account is where we pull ahead, not where we fall behind: native, one login, no third-party's approval to wait on.

If you're deciding between Statrys and Sleek to set up a Hong Kong company, most comparisons you'll find split the two of us into "incorporation" and "banking," as if each of us only does one thing well. That's not how either of us is actually licensed, and it's not a useful way to decide.

Statrys holds a Trust or Company Service Provider (TCSP) licence, the same licence category Sleek operates under. That's the credential that actually lets a firm handle incorporation, company secretary work, and statutory filings in Hong Kong. We're not a business account with a corporate-services add-on. We're licensed for exactly what Sleek is licensed for, plus the payments layer some providers refer out to someone else.

So here's the comparison that actually matters: incorporation head-to-head, accounting head-to-head, and only then, what's on top. Every figure below is pulled directly from Sleek's own published pricing as of 22 September 2026, not from a secondhand summary of it, alongside our own published numbers from the same date.

Disclaimer: All information is accurate as of 22 September 2026, but may have changed since. For the latest details and promotions, please visit each provider's website directly.

What We're Actually Licensed to Do

It's easy to assume the provider that leads with incorporation is the "real" corporate services company, and the one that leads with a business account is just a fintech with some paperwork services bolted on. The licensing doesn't support that assumption.

Company Licence
Statrys Money Service Operator, Licence No. 19-02-02726; TCSP Licence No. TC008677
Sleek TCSP Licence No. TC006483

Both of us hold a Trust or Company Service Provider (TCSP) licence, the credential the Companies Registry requires to legally handle incorporation, company secretary, and statutory filing work in Hong Kong. We hold that licence too, alongside a Money Service Operator licence for the payments side we run ourselves rather than handing off to a partner. We're licensed to do exactly what Sleek does on company formation, plus the payments layer.

That doesn't make the two of us interchangeable. It means you deserve a head-to-head on incorporation and accounting first, based on what each of us actually delivers.

Incorporation Compared

Feature Statrys Sleek
Price HKD 7,875 (promo to 30 Sept; standard HKD 8,750) Starter HKD 4,973, Compliance HKD 10,473, Full Compliance HKD 13,973. All three carry a mandatory HKD 2,000/year registered-address add-on for local founders on top of the listed price (see the row below)
Government fees Included (~HKD 3,750) Included in every tier
Company secretary Included, 1 year Included, every tier
Registered address Included, 1 year Add-on, HKD 2,000/year, applied the same way across all three local tiers, Starter, Compliance, and Full Compliance alike; included at no extra charge on foreign-incorporation packages
Business account Native application on the same platform, included Referral to a partner (Airwallex or Aspire), separate application and approval
Time to complete Online, typically 5 working days Online, 3 to 5 business days

Sleek's Starter tier is priced to win the first glance. What it doesn't tell you on the pricing page's headline number is that a local founder still needs a registered address to legally incorporate at all, and Sleek sells that back as a HKD 2,000/year add-on outside the Starter price.

Add it in and the gap between "Sleek's cheap tier" and our single package shrinks to almost nothing, and now you're comparing one flat price against a tier plus a mandatory add-on someone conveniently left off the sticker.

We sell one package: government fees, secretary, and a registered address, all included, one price, no tier to second-guess. Sleek's structure works if you're comfortable shopping add-ons piece by piece as you go. I'd rather tell you the real number upfront.

Accounting Compared

Model Statrys Sleek
Pricing model Pay-per-transaction, scales with monthly volume Fixed annual fee by tier, and the fee within each tier rises at higher monthly-expense bands
Entry price From HKD 891.67/month (0 to 2 transactions/month) Basic from HKD 3,500/fy at the lowest expense band (under HKD 15k/month); the 15% discount some sources cite only applies when switching from an existing accountant, not as a standing new-customer price
Mid tier Scales with transaction volume, up to 65/month Standard from HKD 5,880/fy at the lowest expense band; rises at higher expense bands
Above that Custom pricing above 65 transactions/month Premium from HKD 15,120/fy at the lowest expense band; rises at higher expense bands
What's included Bookkeeping, reports, and tax filings, scaled to activity Basic: annual bookkeeping, unaudited financial statements, employer's return, annual management reports. Standard adds monthly bookkeeping and monthly payroll. Premium adds quarterly senior-accountant reviews and an included Xero subscription (a paid add-on on the two lower tiers)
Audit Separate service, not included at any accounting tier Bundled into the first year only, inside Sleek's Compliance and Full Compliance incorporation packages. From year two onward it's billed separately, HKD 5,500 to 6,800/year, same as it would be with any provider

A number worth correcting.

You may see a figure floating around that adds an extra "HKD 390/month platform fee" on top of our accounting rate. That's wrong. We don't charge one, not on any tier we publish. Our pricing page states accounting "from HKD 891.67/month, pay per use, no monthly commitment," full stop. Check statrys.com/hk/pricing yourself before you budget around a number that isn't ours.

Which model actually costs you less depends on your transaction volume, not on which of us treats accounting as a "real" service. A low-volume company will usually pay less on Sleek's fixed annual fee than on our per-transaction pricing. A company with lumpy or seasonal volume can end up overpaying on a flat annual plan sized for its busiest month, which is exactly where our model, reviewed against your trailing 3-month average, tracks your actual cost instead of guessing at it upfront.

On Top of That: A Native Business Account

Once incorporation and accounting are compared like for like, the account is where the two of us genuinely diverge, and it's the one place our scope goes further than Sleek's, not the other way round.

Sleek doesn't run its own account. It refers you to Airwallex or Aspire and the approval decision belongs to that partner, not to Sleek. If that application gets declined or delayed, that's not Sleek's problem to fix, it's yours to chase down with a company you didn't originally sign up with. If your only outstanding need really is a company and its filings, this won't change your decision. But if you also want the account, cards, and payments running on the same login as your incorporation and books, without a second approval process from a company you never chose, this is where we win.

Curious what you'd actually pay at each tier with Sleek? Read our Sleek Compliance Plan review and the Sleek Full Compliance Plan review for the full breakdown.

What You'll Actually Pay in Year 2 and Beyond

The incorporation packages compared above are a first-year price. Once that first year of company secretary service, registered address, and government fees rolls off, both of us bill you again, every year, for as long as the company exists. That ongoing number is arguably more useful than the incorporation price, since you pay it far more often.

Annual cost Statrys Sleek
Company secretary, registered address, Business Registration renewal, and Annual Return filing HKD 7,740/year, one bundled Corporate Secretarial Services Fee, government fees included, flat regardless of shareholder count or changes made during the year From HKD 3,300/year (HKD 2,000 address plus HKD 1,300 Standard secretary), but that price is only available to a single-shareholder company making no director or share changes that year. See below for what it actually costs at other shareholder counts
Accounting From HKD 891.67/month (about HKD 10,700/year) at the lowest transaction tier, up to HKD 2,600/month (about HKD 31,200/year) at 41 to 65 transactions/month, custom above that From HKD 3,500/year (Basic) at the lowest expense band, up to HKD 15,120/year (Premium) at the lowest band, more at higher expense bands
Offshore tax exemption claim, if eligible HKD 2,000 flat add-on, same price on every accounting tier Included at no extra charge on the Premium accounting tier only; not available on Basic or Standard

I checked exactly who qualifies for Sleek's HKD 1,300 headline secretary price, and it's narrower than it looks. That number is Standard tier, one shareholder only, and no director or share changes that year. Add a second shareholder and it becomes HKD 1,900. Three to five shareholders, HKD 2,300 to HKD 2,900. Ten or more, HKD 4,000 to HKD 6,500. And Standard, at any shareholder count, doesn't cover director appointments or share allotments and transfers: each of those is a separate HKD 2,500 charge, or you need Premium (HKD 3,800 to HKD 9,000/year on the same shareholder-count ladder) to get them without a per-event fee.

So the honest version: if your company has exactly one shareholder and makes no director or share changes all year, Sleek's year-2 secretarial and entry-level accounting can genuinely add up to less than ours, roughly HKD 6,800 a year against our flat HKD 7,740 plus accounting.

Add a co-founder, an investor, or a single director change, and that gap closes fast or reverses. Our HKD 7,740 fee doesn't move with shareholder count or with how many changes you make in a year, but we don't publish a separate per-change fee for director or shareholder changes either, so if you expect several of those, get a direct quote from both of us rather than trusting either headline number.

Registration Process Comparison

Feature Statrys Sleek
Remote process Yes Yes
Information required Name, phone, shareholder count, business activity Name, email, shareholder count
Time to complete application Within 3 minutes Within 10 minutes
Approval time Within 5 business days 3 to 5 business days

Both of us offer a remote-friendly registration process with comparable approval times.

The difference is in the application itself. We keep the sign-up shorter, with fewer steps to review upfront.

Sleek's flow presents multiple packages and add-on decisions before you've even started, which takes longer to work through if you don't already know what's actually required to incorporate in Hong Kong versus what's being sold as optional.

It's important to note that we tested Sleek's onboarding process ourselves to see how their pricing actually plays out and what changes once you're inside the signup flow.

Customer Support Comparison

Detail Statrys Sleek
Channels Phone, chat, email, WeChat, WhatsApp Phone, email, WhatsApp, contact form
Hours 10am to 7pm HKT, Mon to Fri 9am to 6pm HKT, Mon to Fri

Support hours and channels are close enough between the two of us that this shouldn't be your deciding factor either way.

User Reviews & Ratings

Rating and reviews Statrys Sleek
Trustpilot score 4.9/5 (496 reviews) 4.3/5 (3,836 reviews)
Common praise Smooth onboarding, responsive customer support, convenient all-in-one setup for payments, incorporation, and accounting Good value for money in the first year, especially compared to traditional firms; convenience of bundled services
Common complaints Delays because of strict compliance checks Delays in compliance filings, sometimes close to statutory deadlines

Sleek has a much larger review base, which reflects wider usage across more business stages. We have fewer reviews with a higher average score. Sleek also publishes a 4.5/5 Google Reviews score and a 97% CSAT figure elsewhere, on platforms we don't currently publish a comparable number for. Every provider tends to lead with the metric where it looks best, us included. Check whichever platform you personally trust before deciding.

Conclusion

Both of us are legitimate, licensed options for setting up a Hong Kong company. Don't assume incorporation is Sleek's territory and Statrys is just the bank. We hold the same TCSP licence they do. We sell one incorporation package, a native business account, and pay-per-use accounting under a single login. Sleek sells tiered incorporation and accounting plans with banking handed off to someone else.

Compare the incorporation and accounting numbers against what your business actually does. Then ask yourself whether you want a second company in the mix for banking approval, or whether you'd rather it just be one login from day one.

The Easiest Way to Set Up Your Hong Kong Company

Statrys offers everything you need in one company formation package – 100% online.

Hong Kong company incorporation service at HKD 7,875

Was this article helpful?

Yes

No

FAQs

Is Statrys just a business account provider?

No. We hold a Trust or Company Service Provider (TCSP) licence, the same licence category Sleek operates under, and we sell incorporation and accounting as full, licensed services, not as an add-on to a business account. We also hold a Money Service Operator licence for the payments side, which some providers refer out to a partner rather than running themselves. If you've seen us framed as "just a bank account," that framing leaves out the licensing.

Can foreigners register a company in Hong Kong?

Yes. Hong Kong allows 100% foreign ownership for private limited companies, with no local shareholders or directors required.

How much does it cost to incorporate with Statrys and Sleek?

Statrys charges HKD 7,875 (promo to 30 September 2026; standard HKD 8,750), including government fees, first-year company secretary, and registered address. Sleek's local-incorporation tiers are Starter (HKD 4,973), Compliance (HKD 10,473), and Full Compliance (HKD 13,973, HKD 12,428 promo). Their registered address is a HKD 2,000/year add-on for local founders outside the foreign-incorporation packages, something their headline price doesn't make obvious.

What's the difference between Sleek and Statrys on accounting?

We price accounting per transaction, from HKD 891.67/month, scaling with your actual monthly volume. Sleek prices accounting on fixed annual plans, from HKD 3,500/fy. Which is cheaper depends on your transaction volume: low, steady volume usually favors Sleek's fixed fee; irregular or seasonal volume usually favors our pay-per-use model. Ignore any figure claiming we charge a separate monthly platform fee on top, we don't publish one.

Can I use Statrys and Sleek together?

Yes, some founders do, using Sleek (or another provider) for incorporation and company secretary work, then opening a Statrys business account separately for multi-currency payments and cards. If your only gap is the account and payments layer, that's a reasonable split; if you want one login for everything, one provider is simpler.

Disclaimer

Statrys provides company registration services in Hong Kong and competes directly with Sleek. If you have feedback on this comparison, contact marketing@statrys.com.

Share this content

Start with Statrys

GET STARTED

Talk to our team

GET IN TOUCH

The things you are
probably looking for

If experience tells us anything, your
next move is here.