Unlimited Business Registration

STEP BY STEP

When it comes to starting up a business, people may choose to start with registering an unlimited company, for it is easy to register, cheaper with no audit is not required, and the tax rate is relatively low. However it is also important to note that an unlimited company refers to a company organized by one or more shareholders who is jointly liable for the company’s debts. Compared with a limited company, it has no independent legal status and is only regarded as an extension of the proprietor’s individual.

Our strength

  • Fastest in Town

    APS knows how efficiency means to every client. Therefore we provide the fastest BR service that can deliver client with the BR certificate and company chop on the next day of client's application. Client can opt for getting the true copy in person or receiving PDF version of BR while we send the true copy by mail or courier to client.

  • Reasonable price

    APS understands the difficulty of running a start-up business, so we insist to price our services at a friendly and reasonable rate while providing you with the best quality service.

  • Professional team

    APS team will prepare all necessary documents for you. You only need to submit the ID card and address proof, and sign the documents that we have prepared for you in advance.

THE BEST SOLUTION FOR YOUR BUSINESS

Our Pricing Plans

BASIC PLAN

Company Registration
HK$ 1150
  • Prepare and submit relevant documents
  • Apply for Business Registration Certificate (BR)
  • Deliver electronic Business Registration (BR)
  • Deliver BR Original Copy by local mail or SF pay on delivery to client
  • (Government fee $2150 not included)

PROFESSIONAL PLAN

Company Registration
HK$ 2350
  • Prepare and submit relevant documents
  • Apply for Business Registration Certificate (BR)
  • Deliver electronic Business Registration (BR)
  • Deliver BR Original Copy by local mail or SF pay on delivery to client
  • (Government fee $2150 not included)
  • Virtual Office (Basic Plan)

  • Provision of registered office address and correspondence address
  • Collection of mails from government
  • Collection of commercial mails from banks and other commercial institutions
  • Collection of parcels with size not more than 30cmx30cmx30cm
  • Inform clients of received mails via whatsapp and emails
  • Forward mails to client once every month (by local mail or SF pay on delivery) or pick up in person

PREMIUM PLAN

Company Registration
HK$ 2650
  • Prepare and submit relevant documents
  • Apply for Business Registration Certificate (BR)
  • Deliver electronic Business Registration (BR)
  • Deliver BR Original Copy by local mail or SF pay on delivery to client
  • (Government fee $2150 not included)
  • Virtual Office (Compliance Plan)

  • Provision of registered office address and correspondence address
  • Collection of mails from government
  • Collection of commercial mails from banks and other commercial institutions
  • Collection of parcels with size not more than 30cmx30cmx30cm
  • Inform clients of received mails via whatsapp and emails
  • Forward mails to client once every month (by local mail or SF pay on delivery) or pick up in person
  • Provide electronic directory
熱門

Value-Added services

Company Chop

HKD$100

Bank Account Opening (with Incorporation Plan only)

HKD$1,500

Logo Design

HKD$800

Frequently Asked Questions

How many people at most can an unlimited company consist of?

Unlimited companies can be divided into sole proprietorship and partnership. A sole proprietorship is composed of one person, and partnership can be composed of 2 to 20 people. There is no nationality restriction.

Do I need to apply for a business registration certificate to open an online store?

Of course, it is necessary. The Inland Revenue Department stipulates that the "business" that requires business registration includes: Any form of business, commerce, craft, profession, occupation or other activity conducted for the purpose of profit (whether carried out physically or through the Internet), in other words, operating an online store requires business registration; A club that provides facilities, services and dedicated spaces for members to engage in social or recreational activities; All limited companies incorporated in Hong Kong under the Companies Ordinance, or limited companies not incorporated in Hong Kong but with a place of business in Hong Kong, regardless of whether they actually carry on business in Hong Kong; All limited companies not incorporated in Hong Kong that have a representative office or liaison office in Hong Kong, or that rent out their properties in Hong Kong, whether or not they have a place of business in Hong Kong; and All limited partnership funds registered in Hong Kong under the Limited Partnership Funds Ordinance, regardless of whether they actually carry out business in Hong Kong.

When should I apply for a business registration certificate?

Businesses operated by sole proprietorships, partnerships (except limited partnership funds) or other unincorporated groups, non-Hong Kong companies and branch businesses must apply for a business registration certificate within one month after opening. If you have been in business for more than one month but have not applied for a business registration certificate, you can also submit relevant business documents to us. Kaihuangniu can assist customers in applying for an expired business registration certificate. For more detailed limited company name requirements, please refer to the Companies Registry website: https://www.cr.gov.hk.

What should I pay attention to when using unlimited company names?

When you register your unlimited company business, you can register a business name. You must choose one of the following three options: register only a Chinese name; register only an English name; or register a Chinese name and an English name. You can include English letters in a Chinese name, but not English words. You cannot include "limited company" or other words that would suggest that the business is incorporated with limited liability. The business name of an unlimited company should also not suggest that the business has a relationship with the government or any public agency where such relationship does not exist or never existed. If you run more than one business, you should register each business separately. Each business can have its own business name. More detailed name requirements can be found on the tax bureau website.

How many people can be at most to set up an unlimited company?

Unlimited companies can be divided into sole proprietorships and partnerships. A sole proprietorship consists of one person. The proprietor of an unlimited company is fully responsible for everything that happens in the company. Whether it is a company defendant or a liability, he must bear it. A partnership can consist of 2 to 20 people. It also does not have an independent legal status. All partners are jointly responsible for participating in the partnership.

What is the difference between limited company and unlimited company?

In terms of legal status, a limited company can own assets and sign a contract. It is a body corporate and has an independent legal status; an unlimited company can only jointly own assets and sign contracts in the name of the proprietor's private name or partners, and has no legal status. In terms of debt liability, the shareholders of a limited company are limited to the amount of their capital contribution to the company’s debt. Once the company is insolvent, the company only needs to wind up without involving the personal property of the shareholders; unlimited companies must bear unlimited liability for the company ’s debt If the debt is not repaid at the time of closing, the proprietor must use his private property to repay the company ’s debt. In terms of tax arrangements, a limited company must stipulate annual audits by independent accountants and submit its audit report to the tax bureau in accordance with the company law. The government currently levies a profit tax of about 16.5%, but it can deduct all normal company expenses, including directors ’remuneration which can be deducted from the company and converted into personal income tax; and although the unlimited company is not used for auditing every year, the government levies profits tax at a relatively low rate, about 15%, but private expenses are not deductible.

Can an unlimited company change owners or partners?

Yes, the addition or withdrawal of any partner must be notified to the Business Registration Office within 1 month after the change. If a change of partners in an unlimited company results in the business changing from a sole proprietorship to a partnership (or vice versa), the Inland Revenue Department will issue an updated business registration certificate after recording the change. For specific application methods, please contact APS.

Can I transform my unlimited company to a limited company?

If you intend to carry on your business in the form of a limited company in Hong Kong, you have to deliver an application for incorporation of a limited company under the Companies Ordinance. You could seek advice if you have doubt on whether the business registration of your sole proprietorship or partnership should be cancelled.

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