Sole proprietorship or partnership company, also known as unlimited company is the fastest and simple way to start your business in Hong Kong. The followings are the basic requirements:
- A copy of Hong Kong identify card.
- Hong Kong registered office address.
- Appointment of a local agent (must be a HK resident).
The Difference between Limited and Unlimited companies
Operating business in Hong Kong under Corporation must be better than under the personal name. It gives better image and more confidence for customers. Common company categories are limited companies and unlimited companies.
Refers to a company organized by one or more proprietors who are jointly and severally liable for the company's debts.
When the proprietor of an unlimited company does not have enough assets to repay the company's debts, all property in the proprietor's personal name shall be jointly and severally liable for the repayment. That is, an unlimited company guarantees not only the current assets of the company, but also all the personal assets of the proprietor.
A company organized by one or more shareholders, whose liability is limited to the amount of their capital contribution.
The shareholders of a limited company are responsible for the company up to the amount of their capital contribution; to put it simply, when the company suffers a loss, the shareholders’ losses are limited to the assets invested by the shareholders in the company. As for other assets under their personal names, will not be affected.
Unlimited Company (Sole Proprietorship or Partnership)
1 day / 7 day
Business Registration Fee
Annual Return Filing Fee
Profit Tax Return
Yes + Financial Statement
2 Million HKD or above: 16.50%
Below 2 Million HKD: 8.25%
2 Million HKD or above: 15.00%
Below 2 Million HKD: 7.50%