Hong Kong companies can be classified as two major types: Unlimited Liability Companies and Limited Liability Companies.

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Unlimited Liability Companies

Include Sole Proprietorship & Partnership;

Simple to set up and lower maintenance costs, but unlimited personal liability.

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Limited Liability Companies

Separate legal entity, and thus limited personal liability for shareholders.

Higher maintenance costs, including preparation of annual audited financial statements, filing of annual return to Company Registry.

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Nevertheless, it gives better protection and image as well as business expansion flexibility.

 

How long does it take to set up a Hong Kong company?

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Standard procedures involving paper-form formation takes 5-7 working days. We offer EXPRESS services where your company can be set up within 3 hours. In less than one-working day, you will have the Certificate of Incorporation and Business Registration (Digital format) ready for concluding rental agreement, opening bank account, applying required licenses / business permit for your business.