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Sleek vs Statrys company registration services comparison

If you are looking to register a company in Hong Kong, there are a number of company registration service providers that can handle much of the paperwork and legal compliance work for you. These services from experts can ensure the registration process goes smoothly, preventing errors and saving you time. 

However, with many choices available, finding the best fit can be challenging.

In this article, we aim to help you compare two service providers in Hong Kong and Singapore  – Sleek and Statrys’ company incorporation services. We'll provide a full breakdown of their services, plans, fees, and customer service.

Here’s a quick summary: 

Statrys logo
Sleek logo

✅ One package, one price, with no hidden fees
✅ All essential requirements for launching a business in Hong Kong
✅ Statrys business account (subject to approval) with a dedicated account manager

✅ 3 tiered plans and pricing
✅ Services and prices vary based on the chosen features and number of shareholders
✅ Airwallex business account (subject to approval)
✅ Optional accounting services

❌ No accounting service. However, Statrys can recommend trusted service providers based on your specific needs.

❌ Packages exclude a registered address in Hong Kong; available only as an add-on.

Statrys is Best For

Sleek is Best For

  • Companies who want a one-stop solution that covers everything they need within one package. 
  • Companies that need additional communication channels for convenience.
  • Companies requiring accounting services as additional offerings.
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Important Tip: Don’t rush when deciding on accounting and tax. Wait a few months if you want to make the right decision. It can save you money.

Back to business promotion for company creation services in Hong Kong

Overview of Statrys

Statrys is a Hong Kong-based fintech company providing SMEs and entrepreneurs with company incorporation, multi-currency business accounts, and payment solutions. The company prioritises personalised support, simplicity, and transparency.

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

Package

Price

Ideal for

One Inclusive Package

HKD 8,600*

Ideal for companies wanting all essentials to kickstart operations in Hong Kong, with a registered address, company secretary services, and personalised support included.

Statrys offers a single package at one price. This package covers the required registered address for one year and includes up to five shareholders. For shareholders exceeding 5, there is an additional HKD 1,000 charge.

Overview of Sleek

Sleek is a digital solution for company setup, compliance, bookkeeping, accounting, and more. Designed for SMEs, it aims to relieve entrepreneurs of administrative burdens, offering expert support and transparent pricing.

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

Package

Price

Ideal for

Starter

HKD 5,349*

Businesses needing fundamental incorporation services.

Grow

HKD 8,849*

Businesses requiring incorporation services as well as accounting and bookkeeping services.

Success

HKD 14,129*

Businesses needing incorporation, accounting, bookkeeping, audit, and tax services.

 *The stated price is for one shareholder. Adding additional shareholders increases the price by approximately HKD 200 to HKD 600 each, depending on the number added. For example, the second shareholder costs an additional HKD 600, while adding 3-5 shareholders will cost an extra HKD 1,000 from the original price. 

The packages include basic company secretary services essential for starting a company. For evolving needs like share allotment or transfer, you can purchase premium features for an extra HKD 2,500.

Additionally, please note that these packages do not include registered addresses. If you require a registered address, an additional fee of HKD 2,000 will be charged.

You also have the option to customise your own package.

Having a customisable plan can be beneficial since you can add or remove features to save costs. However, it also requires time to fully understand pricing, especially given the numerous add-ons available.

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A registered address is mandatory for Hong Kong company registration. This means that you must either have a physical space in Hong Kong or use a service that includes a registered address.

Statrys vs Sleek Company Incorporation Package Comparison

In this section, we compare Statrys’ all-in-one package with Sleek’s most popular package, Grow, as recommended on the Sleek website.

Pricing

Statrys logo
Sleek logo

Service Package

HKD 8,600

HKD 8,849

Registered Address (1 Year)

Included in package

Not included

An additional HKD 2,000 if required

Incorporation Services

Statrys logo
Sleek logo

Name Check

Included

Included

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

Please contact Sleek directly for further information

Government Fees

Statrys logo
Sleek logo

Government Fees

Included

Included

Company Secretarial Services

Logo of Statrys
Sleek logo

Company Secretarial Services

Included

Included

Maintenance of Statutory Records

Included

Included

Appointment as the Designated Representative of the Company

Included

Included

Change of Personal Particulars of Director(s)

Included

Included

Filing of Annual Return (NAR1)

Included

Included

Scanning of Received Mail

Included

Not included

Available as an add-on with a registered address (HKD 2,000)

Application for Business Account

Included

Included

Shareholder Fees

Statrys logo
Sleek logo

Additional Shareholder Fees

The first 5 shareholders are free; HKD 1,000 each for additional shareholders.

The first shareholder is free, around HKD 200 - HKD 600 for each additional shareholder  

Accounting, Audit and Tax Services

Statrys logo
Sleek logo

Accounting Services

Not included

Included

From HKD 292/month, depending on expenses and service levels.

Audit

Not included

Not included

Tax Services

Not included

Not included

Note: This table compares Statrys’ single package with the most popular package among the 3 packages offered by Sleek. 

In summary, both providers offer essential services for incorporating a Hong Kong company. They both help with application filings and issue key documents like Certificates of Incorporation, Articles of Association, and Business Registration Certificates.

The main differences are:

  • Statrys includes a registered address and mail scanning as standard, while Sleek offers these as optional extras for an added fee of HKD 2,000.
  • Sleek provides accounting services, which Statrys doesn't include. Statrys only assist in recommending suitable accounting service providers closer to the end of the fiscal year based on the client’s transaction volumes.
  • The fee structure for additional shareholders differs between Statrys and Sleek. Statrys includes services for up to 5 shareholders at no cost, with a flat fee of HKD 1,000 for each additional shareholder. In contrast, Sleek's package covers only one shareholder and charges a tiered rate of HKD 400 to HKD 600 per additional shareholder, potentially leading to higher costs depending on the number added.
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Tip: In Hong Kong, companies are required to file accounting and tax returns once per fiscal year

Statrys vs Sleek Business Account Comparison

After successfully incorporating your company in Hong Kong, the next essential step is to open a business account to manage transactions like receiving payments and making business-related payments. 

While Statrys offers its own business account services, Sleek refers users to another provider for business accounts. Here's a comparison between the two:

Statrys logo
Sleek logo

Business Account 

Application for a Statrys business account available (subject to approval)

Sleek does not offer a business account but partners with Airwallex for business account services (subject to approval)

Payment Card

Statrys Payment Card (subject to approval)

Sleek does not offer a payment card but facilitates Airwallex debit card services (subject to approval)

Dedicated Account Manager

Included

Not included

Statrys offers a business account on the same platform, so you don't have to go through a third-party provider. This means that as soon as you register a company with Statrys, the team can help you open a business account (subject to approval), which includes a payment card (subject to approval), dedicated account managers, and competitive FX rates. 

On the other hand, Sleek does not provide its own business account and card services on the platform. Instead, they've teamed up with Airwallex and will help you apply for an Airwallex business account (subject to approval). For more details on benefits and terms, please reach out to Sleek directly.

Both Statrys and Airwallex business accounts can be opened 100% online.

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Tip: Check out the full benefit of Statrys Business Account

A dropdown of some supported currencies by the Statrys business account.

Statrys vs Sleek Corporate Actions Comparison

Once the company is established, there might be the need to change the company structure, sell shares, and so on. 

Statrys logo
Sleek logo

Changes with Directors

Appointment / Resignation / Change of personal particular of Director included

Included changes in directors' particulars

Appointment and cessation of directors are available as premium secretary service features*.

Changes with Shareholders

Not included

Allotment of shares and transfer quoted on request

Allotment and transfer of shares costs are available as premium secretary service features*.

*Sleek premium secretary features cost an additional HKD 2,500.

Statrys includes director changes at no extra cost, offering flexibility and potential savings. However, costs for share allotment and transfer are quoted individually, requiring more time for detailed inquiry compared to Sleek's bundled service.

Sleek offers a premium service covering director and shareholder changes for an additional HKD 2,500. This provides a clear, predictable cost structure but requires an upgrade, making it more costly upfront.

Statrys vs Sleek Customer Support Comparison

Statrys logo
Sleek logo

Communication Channels

Phone, Chat, Email, WeChat, WhatsApp

Phone, Email support, WhatsApp

Working Hours

10 am – 7 pm (Hong Kong Time)

9 am – 6 pm (Hong Kong Time)

Dedicated Account Manager for Business Account

Included

Not inlcuded

Overall, both providers offer comprehensive customer support options. However, Statrys distinguishes itself with additional communication channels and a dedicated account manager. Entrepreneurs handling business in China may also find WeChat more convenient to use because of its dominant presence in the country.

On the other hand, Sleek offers support through various channels but with fewer options, and there is no specific information regarding support from a dedicated account manager. Therefore, if personalised support and extensive communication channels are important to you, Statrys might be the preferable choice. 

Back to business promotion for company creation services in Hong Kong

FAQs

Which is better: Sleek or Statrys?

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The better choice depends on your specific requirements. Statrys is ideal for companies seeking a comprehensive package that can help them start operations in Hong Kong right away. In contrast, Sleek is more suitable for companies looking for a flexible, customisable package with various add-ons, allowing them to choose what to add or remove to suit their budget.

What's the difference between Sleek and Statrys?

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How much is it to incorporate a company with Sleek?

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Can a foreigner register a company in Hong Kong?

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How long does the company incorporation process take in Hong Kong?

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Disclaimer

More info

Statrys competes directly with Sleek, offering similar company registration services. Despite this, we strive to provide an unbiased and thorough review to assist you in making an informed choice.

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