Registering un unlimited company is relatively simple, comparing toforming a limited company.Unlimited company is a common business model for small business owners due to its simplicity and affordability. Under the current Companies Ordinance in Hong Kong, sole proprietors, partnerships or other non-corporate entities conducting business must apply for a Business Registration Certificate within one month of commencement. When registering a business, the applicant needs to register the business name, nature of business, date of commencement, and owner/partner information.
Business registration licence
Copy of application form (Form1a / 1c)
One company round seal and one signature chop
approximately 3-5 working days
Included:
The first-year business registration fee $150
Business registration licence
Extract of information of business registration
One company round seal and one signature chop
approximately 3-5 working days
Bank account referral
Included:
The first-year business registration fee $150
A sole proprietorship is an enterprise owned and operated by one individual. Legally, the company does not have a separate legal status from the owner, and is considered an extension of the individual. If the company encounters any legal issues, the owner is responsible for all legal liabilities and obligations.
A partnership is a company jointly established by 2 to 20 shareholders. A partnership business is also a type of unlimited company. Each partner is responsible for the actions of the other partners, and a partnership agreement can be established to limit the power and responsibility of each partner to achieve the common management of the company. A partnership business does not have a separate legal status, and the partners are jointly responsible for any legal obligations or liabilities related to the company's business.
If you have any questions regarding company registration, please feel free to submit an online enquiry form. Our company promises to respond within 24 hours upon receiving the enquiry.