Hong Kong is the economic and financial center of Asia. It has a sound legal system that can enhance its international image and competitiveness. Hong Kong company with simplified taxation system and low tax rate, and only need to declare profits tax once a year. The establishment of a Hong Kong company will take a short time, it can be set up a few days as fast as one day. There are fewer restrictions on the choice of company name.
Our professional team will evaluate the business operation model for you and help you set up a suitable company.
There is no upper limit on the liability of the proprietor or partner of an unlimited company, and the proprietor or partner is fully responsible for the company’s debts. The procedures for setting up an unlimited company are simple, but the risks of unlimited liability must be considered before the establishment. We will provide clients with appropriate and professional advice before set up the company.
"Sole proprietorship" refers to operating a business with independent investment in the name of an individual. In theory, the name of the company is just a code name, and the company and the individual (boss) are the same individual. In law, they are the same legal person, so all the profits, losses, assets and debts of the company will be the responsibility of the proprietor alone. In other words, the company is equal to the individual, and the risk is also unlimited.
"Partnership" has the same form as "sole proprietorship", and a partnership is operated by more than one person. Generally, a partnership company cannot be composed of more than 20 partners at the same time, otherwise it will be necessary to establish a corporate body company (limited company). Every partner in a partnership is an agent of the company. The business activities of any partner are binding on the partnership firm and other partners. They jointly assume the company’s debts and jointly own the company’s assets, profits and losses, which are also divided into proportions based on the partners’ ownership.
