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info@gbsoffshores.com

Fee Schedule

GBS Offshores > Fee Schedule

COMPANY FORMATION FEES

Updated time: Sep 27, 2018 , 17:57 (UTC+08:00)

1. OFFSHORE COMPANY FORMATION FEE

Jurisdiction Service fee 
for 1st year
Service fee 
for year 2+
Government fee & Service Charged Details
United Kingdom United Kingdom Private Limited US$ 299 US$ 259 US$ 365
Company Kit
Public Limited US$ 299 US$ 259 US$ 365
Company Kit
LLP (Limited Liability Partnership) US$ 299 US$ 259 US$ 365
Company Kit
Hong Kong Hong Kong Private / Public Limited US$ 399 US$ 399 US$ 561 Company Kit
Singapore Singapore Exempt Private Limited US$ 499 US$ 399 US$ 995
Company Kit
Seychelles Seychelles IBC US$ 439 US$ 339 US$ 250 Company Kit
Marshall Islands Marshall Islands IBC US$ 499 US$ 420 US$ 400 Company Kit
LLC US$ 750 US$ 740 US$ 500 Company Kit
Belize Belize IBC US$ 510 US$ 449 US$ 350 Company Kit
LLC US$ 600 US$ 500 US$ 350 Company Kit
Anguilla Anguilla IBC US$ 539 US$ 439 US$ 400 Company Kit
Delaware - LLC Delaware LLC US$ 549 US$ 249 US$ 400 Company Kit
C – Corp or S – Corp US$ 549 US$ 249 US$ 400 Company Kit
British Virgin Islands British Virgin Islands BC US$ 569 US$ 469 US$ 600 Company Kit
Samoa Samoa IC US$ 589 US$ 489 US$ 400 Company Kit
Vanuatu Vanuatu IC US$ 890 US$ 790 US$ 900 Company Kit
Panama Panama Non Resident US$ 899 US$ 799 US$ 800 Company Kit
Mauritius Mauritius GBC2 US$ 699 US$ 599 US$ 900 Company Kit
GBC1 US$ 1,990 US$ 1,890 US$ 3,500 Company Kit
St. Vincent and the Grenadines Saint Vincent – Grenadines IBC US$ 799
US$ 699
US$ 700
Company Kit
nevis Nevis NBCO US$ 800 US$ 750 US$ 350 Company Kit
LLC US$ 800 US$ 750 US$ 300 Company Kit
Gibraltar Gibraltar Private Limited US$ 815 US$ 715 US$ 800 Company Kit
Bahamas Bahamas IBC US$ 899 US$ 499 US$ 650 Company Kit
UAE (RAK, DUBAI) UAE (RAK, DUBAI) RAK IBC US$ 969
US$ 1,299
US$ 1,249 US$ 1,150 Company Kit
RAK Free Zone US$ 1,349
US$ 1,799
US$ 1,699 US$ 1,150 Company Kit
Dubai Free Zone (DMCC) US$ 2,399
US$ 3,199
US$ 3,099 US$ 1,150 Company Kit
Cyprus Cyprus Private Limited US$ 1,399 US$ 1,299
US$ 1,200
Company Kit
Malta Malta Private Limited Liability Company US$ 1,590 US$ 1,390 US$ 1,200 Company Kit
Cayman Island Cayman Islands Exempt Private Limited US$ 1,629 US$ 1,529 US$ 1,300 Company Kit
LLC US$ 1,950 US$ 1,850 US$ 1,500 Company Kit
Switzerland Switzerland LLC (GmbH) US$ 2,500 US$ 2,400 US$ 6,410 Company Kit
Netherland Netherland Private Company (BV) US$ 2,299 US$ 2,299 US$ 1,800 Company Kit
Luxembourg Luxembourg Soparfi US$ 4,500 US$ 4,400 US$ 3,500 Company Kit
Commercial US$ 8,500 US$ 8,400 US$ 3,500 Company Kit
Liechtenstein Liechtenstein AG US$ 5,499 US$ 4,499 US$ 4,499 Company Kit
Anstalt US$ 5,499 US$ 4,499 US$ 4,499 Company Kit

1.1. SERVICE FEE

Initially, to successfully commence the new offshore company, besides paying some set-up cost to the government, you also need a company secretary who will be your company’s representative responsible for the efficient administration of your company, particularly with regard to ensuring compliance with statutory and regulatory requirements and for ensuring that decisions of the board of directors are implemented.

  • Basic establishment fee
  • Corporate secretarial structuring fee

1.2. ANNUAL FEE

Besides the mandatory government fees, you need to maintain your company-secretary service annually. The company secretary will assist your company to carry out some fundamental functions including the following.

  • Annual statutory fee, registered office, registered agent
  • Annual compliance fee – to cover KYC and corporate governance procedures
  • Disbursements and other recoverables
  • Minimum accounting fee
  • Minimum audit retainer

1.3. GOVERNMENT FEE

According to government financial policy, non-resident companies have to pay particular fees each year to maintain their company licences . Most countries, except for Mauritius and the Cayman Islands, do not require an annual return.

  • Annual licence fee – payable to the government for one year
  • Annual return filing fee – payable to the government for one year

Notes:

  • Clients need to pay 2 types of fee: government fee and service fee. The government fee is mandatory and can be done via our service.
  • The renewal fee for Hong Kong Company from the 2nd year includes: Renew Business Registration Certificate (BRC) – HK$2250.00 (~ US$288.00) + 10% service charge of US$28.00, service fee of US$399.00 and annual return fee of US$84.00 USD = US$799.00.
  • For Freezone company, it’s required to rent an Office and apply for a business license. Office prices may be different depending on various factors (size of the office, number of Visa eligible)

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2. BANK ACCOUNT OPENING FEE

2.1. Hong Kong

Bank Initial Deposit Average Cycle Time Remarks Service Fee
HSBC Hong Kong
www.hsbc.com.hk
HSBC Hong Kong
HKD 10,000 2 – 4 working days Personal Visit US$ 299
OCBC Wing Hang Bank Limited
www.ocbcwhhk.com
OCBC Wing Hang Bank Limited
HKD 50,000 4 – 6 working days Personal Visit US$ 299
Hang Seng Bank
www.hangseng.com
Hang Seng Bank
HKD 10,000 4 – 8 working days Personal Visit US$ 299
Standard Chartered Bank (Hong Kong) Limited
www.sc.com/hk
Standard Chartered Bank (Hong Kong) Limited
HKD 50,000 4 – 6 working days Personal Visit, HK resident OR HK company US$ 299
ICICI Bank Hong Kong
www.icicibank.hk
ICICI Bank Hong Kong
HKD 10,000 4 – 6 working days Personal Visit US$ 299

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2.2. Singapore

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
DBS Bank Limited (SG)
www.dbs.com.sg
DBS Bank Limited (SG)
USD/SGD 100,000 2 – 4 days Personal Visit US$ 299
Bank Singapore
www.ocbc.com
OCBC Bank Singapore
SGD 30,000 2 – 4 days Personal Visit US$ 299
HSBC Singapore Ltd
www.hsbc.com.sg
HSBC Singapore Ltd
SGD 30,000 5 – 7 days Personal Visit, SG resident OR SG Company US$ 299
Standard Chartered Bank
www.sc.com/sg
Standard Chartered Bank (Singapore) Limited
SGD 30,000 4 – 6 days Personal Visit, SG resident OR SG Company US$ 299
Maybank
http://info.maybank2u.com.sg
Maybank
USD/SGD 1,000 Preliminary Review: 3-4 Working Days Personal Visit US$ 299
 United Overseas Bank Limited Co.
www.uobgroup.com
United Overseas Bank Limited Co.
USD/SGD 25,000 Preliminary Review: 3-4 Working Days Personal Visit US$ 299

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2.3. Switzerland

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
CIM BANK
www.cimbanque.com
CIM BANK
USD/CHF 10,000 1 – 2 weeks Remote Application US$ 499
Banque Heritage
www.heritage.ch
Banque Heritage
USD 500,000 1 – 2 weeks Personal Visit US$ 499

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2.4. Latvia

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
Rietumu Banka
www.rietumu.lv
Rietumu Banka
5000 EUR

Monthly balance requirement: EUR 100,000

1 – 2 weeks Boutique Visit** US$ 499

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2.5. Mauritius

Bank Initial Deposit Average Cycle Time* Remarks Service Fee
ABC Banking Corporation
www.abcbanking.mu
ABC Banking Corporation
USD 5,000 1 – 2 weeks Remote Application US$ 699
Standard Bank
www.standardbank.mu
Standard Bank Mauritius Limited
Monthly balance requirement: USD 50,000 1 – 2 weeks Remote Application US$ 999
MauBank Ltd
www.maubank.mu/en
MauBank Ltd
5,000 (GBP, USD, EUR, CHF, AUD or ZAR: 5,000) 1 – 2 weeks Remote Application US$ 1,200
Bank One
https://bankone.mu
Bank One
USD 5,000 1 – 2 weeks Remote Application US$ 1,200
Mauritius Commercial Bank
www.www.mcb.mu
Mauritius Commercial Bank
USD 5,000 1 – 2 weeks Remote Application US$ 1,200

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2.6. Puerto Rico

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Euro Pacific Bank (EPB)
www.europacbank.com
Euro Pacific Bank (EPB)
USD 500 4 – 7 days Remote Application US$ 499

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2.7. Belize

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Belize Bank International
www.belizebankinternational.com
Belize Bank International
USD 1,000 1 – 2 weeks Remote Application US$ 499
Atlantic International Bank Limited
www.atlanticibl.com
Atlantic International Bank Limited
USD 1,000 1 – 2 weeks Remote Application US$ 499
Caye International Bank
www.cayebank.bz
Caye International Bank
USD 1,000 1 – 2 weeks Remote Application US$ 499

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2.8. UAE – RAK

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
RAKBANK
www.rakbank.ae
RAKBANK
AED 20,000
1 – 2 weeks Personal Visit US$ 699
Emirates NBD Bank
www.emiratesnbd.com
Emirates NBD Bank
AED 50,000
3 – 7 days Personal Visit
Emirates NBD Bank only support ICC/FTZ/FZ company in UAE/RAK
US$ 499
Emirates Islamic Bank
www.emiratesislamic.ae
Emirates Islamic Bank
AED 10,000 1 – 2 weeks Personal Visit US$ 699

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2.9. Vanuatu

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Pacific Private Bank
https://pacificprivatebank.com
Pacific Private Bank
USD 1,500 1 – 2 weeks Remote Application US$ 499

2.10. Saint Lucia

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Bank of Saint Lucia International
www.boslil.com
Bank of Saint Lucia International
US$ 5,000 5 – 7 days Remote Application US$ 499

2.11. Cyprus

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Bank of Cyprus
www.bankofcyprus.com
Bank of Cyprus
USD 1,000 1 – 2 weeks Remote Application US$ 499

OPEN BANK ACCOUNT NOW

2.12. Nevis

Bank Initial Deposit Average Cycle Time * Remarks Service Fee
Bank of Nevis International
http://boniltd.com
Bank of Nevis International
USD 10,000 1 – 2 weeks Remote Application US$ 499

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3. ADDITIONAL SERVICES

Services Value
Nominee Director US$ 499
Nominee Shareholder US$ 399
Merchant Account Support
  • Merchant Account Consultancy
US$ 99
  • Merchant Account Set-up
US$ 250
Applying for Investment and Employment Visa (HKID) US$ 2,390
Singapore Employment Pass US$ 1,900
Notarisation and Apostille on Documents The fee depends on each jurisdiction
Virtual Office & Local Phone – Service Retainer: 2* Unit price
  • Contract period: 3 months
US$ 159/ month
  • Contract period: 6 months
US$ 149/ month
  • Contract period: 12 months
US$ 136/ month

Note:

Service Retainer: 2* Unit price (If you make full payment for contract period, you do not need to pay Service retainer. If you pay monthly, you have to pay Service retainer and Service retainer fee will be refunded to clients after contract terminated within 5 working days.)

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