Economic Substance / TIN

The Economic Substance regulations became effective from 1 January 2019.

Companies incorporated in BVI, Cayman Islands, Jersey and many other major offshore jurisdictions have to comply with the Act by maintaining an appropriate level of economic substance immediately.

easyCorp provides a cost-effective way for BVI entities (except limited partnerships without separate legal personality) to demonstrate formally that they have considered their position under the economic substance legislation and determine whether they are conducting a relevant activity, and provides real time Economic Substance classification and solution.

Our Solutions and Fee Schedules:

 

To establish
a representative office
in Hong Kong

To establish
a place of business
in Hong Kong

To incorporate
a subsidiary
in Hong Kong

Establishment Service Fee

HK$780
(US$100)

HK$3280
(US$430)

HK$2980
(US$390)

Business Address in Hong Kong

HK$980/year
(US$130/year)

HK$980/year
(US$130/year)

HK$980/year
(US$130/year)

Authorised Representative in Hong Kong

--

HK$980/year
(US$130/year)

--

Company Secretarial Service

--

--

HK$980/year
(US$130/year)

Company Address Proof (optional)

HK$860/year
(US$120/year)

HK$860/year
(US$120/year)

HK$860/year
(US$120/year)

Duration

2-3 working days

10 working days

working days

For Company Incorporated in

Offshore Jurisdictions except BVI and Cayman Islands

BVI/Cayman Islands/other Offshore Jurisdictions

Offshore Jurisdictions (without income received)



+852 2115 9253
+852 2115 9252
+86 150 0022 5756
+852 6622 0497 (whatsapp)
+86
150 0022 5756 (wechat)
+852 3585 5001
10:00am - 5:00pm 
(Monday to Friday)

Do You Know?

Entities fall out of scope:

  1. Entities that are not conducting Relevant Activities.
  2. Entities that do not generate income from a relevant activity in a financial period.
  3. Entities that are tax residents in another jurisdiction (which is not a black-listed jurisdiction).

The BVI entities should check the following 3-step review process accordingly:

  1. Do the BVI entities fall within the definition of a Relevant Entity?
  2. Are they carrying on a Relevant Activity? and
  3. Are they able to meet the Economic Substance requirements, or fall out of the scope of the Act?