HK Unlimited Company Registration

Just $800 per incorporation (absolutely no hidden fees)

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.

Formation fee for unlimited company

Forming a unlimited company

Basic package $800

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

Apply now

Forming a unlimited company

Comprehensive package $1200

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

Apply now

We are willing to answer any questions you may have regarding registering an unlimited company

Hotline：+852 3580 7031 / whatsApp：+852 883 6263

WhatsApp inquiry Apply now

Frequently Asked Questions

What are the benefits of registering an unlimited company?

The biggest advantage of an unlimited company is that it is not required to have an audit conducted each year. Instead, the company only needs to calculate its profits and losses for tax purposes. If a tax return form (BIR60 for sole proprietors and BIR52 for partnerships) is received, the company must submit a profit and loss statement to the Inland Revenue Department within one month (for partnerships) or three months (for sole proprietors) of the issuance of the tax return form, regardless of whether the company made a profit or loss, if the income exceeds HKD 2 million.

What should I be aware of when choosing a name for my unlimited company?

Generally speaking, there are no strict regulations on the name of an unlimited company. We can also refer to the Business Register to check existing company names, as we would with a limited company name search.

How long does it take to register an unlimited company?

After submitting all required documents and signing the necessary forms, the incorporation process typically takes 2-3 working days.

Can residents of Mainland China or overseas individuals register an unlimited company?

Yes, but it is necessary to appoint a Hong Kong resident as the company's agent.

Will the nature of business stated on the Business Registration Certificate restrict the company from expanding into other businesses?

The nature of business stated on the Business Registration Certificate generally refers to the main business scope of the company, but it does not restrict the types of businesses that the company can engage in. Therefore, it will not limit the company's expansion into other businesses.
If there is a change in a company's business operations, a form can be submitted to update the business nature.

When is it necessary to obtain a Business Registration Certificate?

According to the Business Registration Ordinance, the owner/partners of an unlimited company must obtain a Business Registration Certificate within one month of commencement of business.

Process for registering an unlimited company

Online submission of information: Customers can directly submit their application online by entering and submitting the required information (including service options, proposed company name, address, details of owner(s) or partner(s), etc.) on the company registration form.

Data verification: Our company registration service staff will verify the completeness of the information and prepare the necessary documents for company registration.

Appointment for signing: After confirming that the information is correct, we will schedule an appointment for the client to come to our office for signing and payment. After the documents are signed, we will submit the registration documents to the Companies Registry (which takes approximately 3 working days).

Successful company registration: Upon receiving the Business Registration Certificate, our company will proceed to make a company chop/seal. After receiving all the documents and company chop/seal, we will notify the client for collection and arrange bank account opening referral (if required).

We are willing to answer any questions you may have regarding registering an unlimited company

Hotline：+852 3580 7031 / WhatsApp：+852 6883 6263

WhatsApp inquiry Apply now

What is a sole proprietorship?

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.

What is a partnership?

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.

Pros of forming an unlimited company

Incorporating an unlimited company involves a simpler process and procedures, and the Business Registration Certificate can be obtained on the same day.
No audit is required for a limited company in Hong Kong, only bookkeeping and tax reporting are necessary.
Compared to sole proprietorships or partnerships, limited companies in Hong Kong enjoy lower profits tax rates. Under the two-tiered profits tax system, the tax rate is 7.5% on assessable profits.
Only an annual business registration fee needs to be paid, and exemption may be applied if the company meets the requirements.

Cons of forming an unlimited company

Owners/partners are subject to unlimited liability for the company.
If the owner(s) withdraw or pass away, the business registration and bank account(s) cannot be inherited.
Compared to limited companies, unlimited companies have a smaller range of financing options, and therefore, generally have smaller business scales.
The unlimited liability risk associated with unlimited companies often deters professional investors from investing in such companies.

Inquery Form

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.