Unlimited company is very suitable for business start up because of

• its simplicity in application;
• its low maintenance cost; and
• able to have bank account in company name.

All nationalities is eligibile to open an unlimited company in Hong Kong. For business start up case, most unlimited company meets the requirement of business registration fee exemption. In this case, the possible cost of maintaining such an unlimited company can be very low:

Business Registration start up and annual renewal

• HK$450 ( from 1/4/2008 to 31/3/2009 ), or
• zero ( exempted ).

Service fee for business registration -

• BR application - HK$500 for HK resident, or HK$1,000 for non-HK resident; and
• BR fee exemption - HK$500

Accounting & tax filing per year - maybe as low as HK$1,000 because no audit is required. The actual charge depends on income, volumn of transaction and business nature of the company.

For tax purpose, the loss can be carried forward to setoff future year's profit.

For business purpose, an unlimited company can carry out all business just same as a limited company.

For Hong Kong resident, require Hong Kong ID card photo copy of proprietor and all partners.

The service fee for handling business registration application is HK$500 (not including courier and disbursement charges).

For non-Hong Kong resident, require:

• representation of an agent who is Hong Kong resident;
• photocopy of proprietor or all partners' passport;
• a Hong Kong registered address.

We charge HK$1,000 for non-Hong Kong resident client to:

• provide Hong Kong agency;
• provide Hong Kong registered address;

Therefore, totally HK$500 (one-off) + HK$1,000 (annual) = HK$1,500 service fee.

(not including courier and disbursement charges)