Registration of Hong Kong Unlimited Company:
Main advantages:
Application is relatively simple and efficient
Annual maintenance costs are lower
No certified public accountant audit
But the main disadvantages are that debts are unlimited, lower status in the minds of ordinary people and there is no tax allowance for that of not "ordinarily resided in Hong Kong"; therefore, choose to open Limited or unlimited company in Hong Kong should be depending on individual needs.
Forms and conditions:
Individuals - sole proprietor company, or
More than two people - Partnership company
People with any nationality are eligible to set up an unlimited company in Hong Kong, 18 years or above of age, P.R.C. I.D. card or any passport acceptable.
But required a registered agent of the people of Hong Kong for business registration application and have a Hong Kong registered address (Note: Our company offers agents services in Hong Kong and the Hong Kong registered address)
Work Flow and time needed for opening unlimited company:
Signed an services agreement -> you provide the owners information and pay deposit -> to sign a document of opening company -> our colleagues in Hong Kong go to Government office to get the business registration certificate for your company -> 2-3 working days to complete and you can pay the balance
Address: Room A, 21/F., Gaylord Commercial Bldg., 114-118 Lockhart Road, Wanchai, Hong Kong
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