Osome, Statrys & Others: Bookkeeping in Hongkong

[Overtrade]

I completed a company formation with Osome and opened accounts with Currenxie and Statrys as backups.

Up to this point, everything was wonderful - I don't think it could be done cheaper, faster, or with similar quality of company and accounts anywhere in the world.

However, after about 3 months during the year, it became necessary to change the Osome package from mini to starter, and similarly for the audit version.

This is where the idiocracy begins. First, they quote price X, then after recalculating, it's twice as much. They can't provide the audit price, each response is consulted "with the team" and takes many days, the answers are vague - I feel like I'm dealing with corporate idiocracy.

Granted, it's not about big money here, but it's also not a complicated matter. If there's corporate idiocracy in such a situation, the Osome system won't help me in case of a more significant problem. I'd prefer not to test it on myself.

What do you recommend in Hong Kong for address, virtual secretary, audit, bookkeeping?

After all, it is a place with a rich offering of such companies.

Thank you in advance for your suggestions, recommendations, ideas.

 

[jafo]

This is where the idiocracy begins. First, they quote price X, then after recalculating, it's twice as much. They can't provide the audit price, each response is consulted "with the team" and takes many days, the answers are vague - I feel like I'm dealing with corporate idiocracy.

Granted, it's not about big money here, but it's also not a complicated matter. If there's corporate idiocracy in such a situation, the Osome system won't help me in case of a more significant problem. I'd prefer not to test it on myself.

Following!

 

[Shories]

You can use this one: Hong Kong company formation and registration | startupregistry.hk

 

[burden]

check
https://www.offshorecorptalk.com/resources/asiaciti-trust.331/
they are not bad also should troubles arise

 

[slink]

I don't like Osome Singapore at all. Every time you want to speak to them you get passed to a new person at random, and every single reply feels like it was generated by chatGPT. It's a human replying, but it's very obvious they just feed your question into ChatGPT and then send it as a boilerplate with minor adjustments where needed. If you ask a question like "should I register my company for GST filling based on my current revenue", you'll get a 1000 word reply full of bullet points on whether you may or may not want to register for GST, rather than an actual human who says "yeah after looking at your revenue projections it's a good idea to register for it". There is nothing more off-putting to me currently than AI-generated replies to questions I have.

I'm currently on the lookout for a new accountant as Osome suck.

 

[brianK]

That sounds like terrible service and some Chinese people who can’t speak English trying to offer an international service. It’s simple and, frankly, just plain stupid.

 

[thomasparra]

I use Sleek, and the company creation process was seamless.

It’s only been a year so I haven’t had the experience of their accounting / yearly audit yet but so far my communications with them have been smooth.

 

[manukahoney]

That sounds like terrible service and some Chinese people who can’t speak English trying to offer an international service. It’s simple and, frankly, just plain stupid.

Osome was founded by some russian guy btw. Don't know if they have the same owners now.

 

[thomasparra]

At the end of the day it will always be better to go with a local accounting firm with a good track record and you have direct relationship with the team working on your company. But I guess as long as you are in a business friendly jurisdiction, with simple corporate laws, easy tax system, and a business that is not too complicated a digital accounting platform should be fine.

 

[brianK]

Osome was founded by some russian guy btw. Don't know if they have the same owners now.

That doesn’t exactly make it better, I must say!

At the end of the day it will always be better to go with a local accounting firm with a good track record and you have direct relationship with the team working on your company. But I guess as long as you are in a business friendly jurisdiction, with simple corporate laws, easy tax system, and a business that is not too complicated a digital accounting platform should be fine.

I completely agree with you. A local agent who lives in the same city and country where your future company is registered is the best option. These screen trolls hiding like ghosts around the world, who aren’t even local to where your company is based, aren’t very useful.