{"id":2053,"date":"2025-09-12T18:59:45","date_gmt":"2025-09-12T10:59:45","guid":{"rendered":"https:\/\/www.mnnbus.com\/?p=2053"},"modified":"2026-03-17T16:56:26","modified_gmt":"2026-03-17T08:56:26","slug":"company-registration-process-and-costs-guide","status":"publish","type":"post","link":"https:\/\/www.mnnbus.com\/en\/blog\/company-registration-process-and-costs-guide\/","title":{"rendered":"Open a company\u3011Open unlimited company \/ limited company process, fees in one article to see clearly"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"2053\" class=\"elementor elementor-2053\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3403820d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3403820d\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2999ffa3\" data-id=\"2999ffa3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-698eaee elementor-widget elementor-widget-spacer\" data-id=\"698eaee\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b5e4124 elementor-widget elementor-widget-text-editor\" data-id=\"b5e4124\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>When starting or expanding a business in Hong Kong, setting up a company is often the first step. For those who are ready to start their own business, a clear understanding of the company formation process, familiarization with the specific steps of setting up a limited company versus an unlimited company, and accurate estimation of the company formation fees are the keys to a successful business start-up. Whether it is an unlimited company or a limited company, they are different in terms of process, cost and legal liability, which affects the mode of operation and the direction of long-term development of the business. In this article, we will analyze in-depth the formation procedures of different types of companies, as well as the detailed items and points to note in order to help you fully grasp the practical strategies for starting a company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9de2c61 elementor-widget elementor-widget-heading\" data-id=\"9de2c61\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Common Types of Companies in Hong Kong<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-581212e elementor-widget elementor-widget-heading\" data-id=\"581212e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Unlimited<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-898f4af elementor-widget elementor-widget-text-editor\" data-id=\"898f4af\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A Sole Proprietorship \/ Partnership means that the owners of the company (proprietors or partners) are unlimitedly liable for all the debts of the company. This means that in the event that the company becomes insolvent, creditors have the right to go after their personal property to pay off the company's debts.<\/p><p>Advantages<\/p><ul><li>Simple to set up: The process of opening an unlimited company is relatively straightforward and requires fewer legal documents, making it suitable for solo entrepreneurs or small partnerships.<\/li><li>Lower cost: Lower set-up and ongoing maintenance costs, less administrative burden.<\/li><\/ul><p>Disadvantages<\/p><ul><li>Unlimited liability: This is its biggest drawback. The owners or partners have to bear all the debts of the company out of their personal assets, and the personal financial risk is extremely high.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-73956b8 elementor-widget elementor-widget-heading\" data-id=\"73956b8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">corporation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9bbf76a elementor-widget elementor-widget-text-editor\" data-id=\"9bbf76a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A Limited Company is a separate legal entity where the liability of the shareholders is limited to the unpaid amount of the shares they have subscribed for. This means that the finances of the company are separate from those of the shareholders and personal assets are protected. A limited company can be divided into private limited companies and public limited companies.<\/p><p>Advantages<\/p><ul><li>Limited Liability: Shareholders' personal assets are completely separated from the company's liabilities, greatly reducing personal financial risk.<\/li><li>Professional image: A limited company has a more structured organization, which helps to build up a professional and stable corporate image, and is more likely to gain the trust of customers, suppliers and investors.<\/li><li>Tax incentives: Limited companies can enjoy more tax deductions and incentives, which is favorable for tax planning.<\/li><\/ul><p>Disadvantages<\/p><ul><li>Complicated procedures: The process of opening a limited company is more stringent, requiring compliance with various requirements under the Companies Ordinance and submission of more documents in specified formats.<\/li><li>Higher costs: It is more costly to set up and maintain a limited company and involves more fee items, such as company secretarial and auditor's fees.<p>\u00a0<\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1ea1786 elementor-widget elementor-widget-heading\" data-id=\"1ea1786\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Company Opening Process<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-28cd3ff elementor-widget elementor-widget-text-editor\" data-id=\"28cd3ff\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>To start a company in Hong Kong, it is important to familiarize yourself with the registration process. Whether it is an unlimited company or a limited company, there are different steps to set up a company.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7de466e elementor-widget elementor-widget-heading\" data-id=\"7de466e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Unlimited Company Process<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b2c4362 elementor-widget elementor-widget-text-editor\" data-id=\"b2c4362\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Unlimited Company Process<\/strong>It is relatively straightforward and consists of the following core steps:<\/p><ol><li>Verify and choose a company name: Come up with a name for your sole proprietorship or partnership business and check to see if the name is registered.<\/li><li>Submission of Business Registration Application: Prepare the required documents (e.g. copy of identity card and proof of address) and submit the application to the Business Registration Office of the Inland Revenue Department within one month after the commencement of business. This is the most important step in the process of opening a business.<\/li><li>Receive Business Registration Certificate: After successfully submitting your application and paying the relevant start-up fees, you will receive your Business Registration Certificate. At this point, your unlimited company is formally established and ready to begin operations.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e55b162 elementor-widget elementor-widget-heading\" data-id=\"e55b162\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Process of opening a limited company<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4830501 elementor-widget elementor-widget-text-editor\" data-id=\"4830501\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>In contrast, the process of opening a limited company is more rigorous and complex, involving more legal documents and procedures:<\/p><ol><li>Company Name Search and Registration: The first step is to conduct a name search through the Companies Registry's online system to ensure that the preferred name is not being used. After confirmation, you can submit your application.<\/li><li>Preparation of incorporation documents: This is the most crucial part of the process of opening a limited company. You need to prepare the incorporation form (NNC1), articles of association, notice to business registrar (IRBR1) and other documents. You must also appoint at least one director, a company secretary and identify the founder members (shareholders).<\/li><li>Submission of Documents to Companies Registry: Submit all signed documents and the relevant company opening fees to the Companies Registry.<\/li><li>Obtaining a Certificate of Incorporation and Business Registration Certificate: After the documents are approved, the Companies Registry will issue a Certificate of Incorporation (CI) and Business Registration Certificate (BR). A limited company is not formally established until these two documents have been obtained.<\/li><\/ol>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-152ce8c elementor-widget elementor-widget-heading\" data-id=\"152ce8c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Company Setup Fees and Charges at a Glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-1e0efdc elementor-widget elementor-widget-text-editor\" data-id=\"1e0efdc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Budget planning for company formation is an essential part of the early stages of business. Different types of companies<strong>Company Opening Fee<\/strong>There are variations in standards and items.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f37c03e elementor-widget elementor-widget-heading\" data-id=\"f37c03e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Unlimited Company Fees<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-33baf14 elementor-widget elementor-widget-text-editor\" data-id=\"33baf14\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The costs of opening an unlimited company are relatively small and consist mainly of:<\/p><ul><li style=\"list-style-type: none;\"><ul><li>Government Fees and Charges: Mainly fees for Business Registration Certificates (BRCs), which are divided into one-year and three-year certificates, and the amounts are adjusted according to the financial year.<\/li><li>Professional Service Fee (optional): If an accountant or professional advisor is appointed to do the work for you, an additional service fee will be charged. The fees for this part of the company opening will vary depending on the scope of services.<\/li><\/ul><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5dc466d elementor-widget elementor-widget-heading\" data-id=\"5dc466d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Limited Company Fees<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-633ee51 elementor-widget elementor-widget-text-editor\" data-id=\"633ee51\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The costs of setting up a limited company are more varied and cover a wide range of areas, so entrepreneurs need to consider them in detail when planning their budgets:<\/p><ul><li>Companies Registry Fee: The company registration fee to be paid to the Companies Registry upon filing the incorporation application.<\/li><li>Business Registration Fee: Same as Unlimited Company, Business Registration Certificate Fee is required.<\/li><li>Company Secretarial Services: Hong Kong law requires a limited company to appoint a company secretary. This will be an ongoing expense if a professional firm is engaged.<\/li><li>Registered Address Fee: A limited company needs a Hong Kong business address as its registered address. If you use a virtual office or a secretarial firm to provide address services, it is also a fixed expense.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b9f8360 elementor-widget elementor-widget-heading\" data-id=\"b9f8360\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Additional Potential Expenditure<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9ec3ea4 elementor-widget elementor-widget-text-editor\" data-id=\"9ec3ea4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Apart from the basic set-up expenses, there are other potential start-up costs involved in operating a limited company:<\/p><ul><li>Auditors' fees: Limited companies are required by law to have their accounts audited annually by a certified public accountant.<\/li><li>Tax Filing Service Fee: The fee for appointing a tax representative to handle the filing of profits tax returns.<\/li><li>Bank Account Opening: Some banks may charge a handling fee or require an initial deposit to open a corporate bank account.<\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-862e5eb elementor-widget elementor-widget-heading\" data-id=\"862e5eb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Unlimited Company vs Limited Company: How to choose?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-65ded0a elementor-widget elementor-widget-heading\" data-id=\"65ded0a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Size<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8ea5212 elementor-widget elementor-widget-text-editor\" data-id=\"8ea5212\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>For smaller businesses such as start-ups or personal service providers, an unlimited company may be preferred because of its lower set-up and maintenance costs. For larger businesses or those planning to expand, a limited company is more suitable.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c9aa6e5 elementor-widget elementor-widget-heading\" data-id=\"c9aa6e5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Risk tolerance<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4aab12c elementor-widget elementor-widget-text-editor\" data-id=\"4aab12c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>If your business risk is low and you are comfortable with taking on potential liabilities with your personal assets, an unlimited company may be the way to go. Conversely, a limited company is a more robust option if you wish to cut the business risk completely away from your personal finances.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2036b1d elementor-widget elementor-widget-heading\" data-id=\"2036b1d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\"> Taxation arrangements<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e8cdec6 elementor-widget elementor-widget-text-editor\" data-id=\"e8cdec6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Limited companies have more flexibility in tax planning and can enjoy more tax incentives. A limited company is more suitable for enterprises with higher expected profits and need to make complicated tax arrangements.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5eab641 elementor-widget elementor-widget-heading\" data-id=\"5eab641\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Long-term Development<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4d8115f elementor-widget elementor-widget-text-editor\" data-id=\"4d8115f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span lang=\"ZH-TW\">The professional image and limited liability structure of a limited company will be more beneficial if the company has long-term development plans, such as wishing to raise capital, attract investors or build up a brand name. Even though the initial cost of setting up a limited company is higher, it is still a good idea in the long run.<\/span><span lang=\"ZH-TW\">\u503c<\/span><span lang=\"ZH-TW\">The investment is made.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9628c69 elementor-widget elementor-widget-text-editor\" data-id=\"9628c69\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Extended Reading:<a href=\"https:\/\/www.mnnbus.com\/en\/blog\/set-up-limited-companies-or-unlimited-companies\/\">Comparison of Company Formation] Limited Company or Unlimited Company? Advantages and disadvantages in one article<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc4b588 elementor-widget elementor-widget-heading\" data-id=\"dc4b588\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Let M&amp;N help you get started!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-655b80d elementor-widget elementor-widget-text-editor\" data-id=\"655b80d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>After learning about the process and cost of opening a business, do you feel that the procedures are cumbersome and there are a lot of documents? Instead of spending valuable time to figure out the process on your own, why don't you leave it to the experts?<a href=\"https:\/\/www.mnnbus.com\/en\/contact-us\/\">M&amp;N Team<\/a>With rich experience, we provide one-stop Hong Kong company formation services, from company search, document preparation to bank account opening, we will take care of the whole process for you to ensure the smoothness of the process.<\/p><p>Click here to learn more<a href=\"https:\/\/www.mnnbus.com\/en\/set-up-company\/set-up-hk-company\/\">M&amp;N Start-up Services<\/a>The Government has been working on this issue for some time now, and is now in the process of obtaining professional advice on this issue!<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f5342e9 elementor-widget elementor-widget-text-editor\" data-id=\"f5342e9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>References<\/strong><strong>\uff1a<\/strong><\/p><ul><li><p>Companies Registry, Major Fees under the Companies Ordinance, 2025<br \/><a href=\"https:\/\/www.cr.gov.hk\/tc\/services\/fees.htm?utm_source=chatgpt.com\" rel=\"noopener\">https:\/\/www.cr.gov.hk\/tc\/services\/fees.htm<\/a> <a href=\"https:\/\/www.cr.gov.hk\/en\/services\/fees.htm?utm_source=chatgpt.com\" rel=\"noopener\">Companies Registry<\/a><\/p><\/li><li><p>Companies Registry, Companies Ordinance, Cap. 622, 2025<br \/><a href=\"https:\/\/www.cr.gov.hk\/tc\/legislation\/companies-ordinance\/cap622\/companies-ordinance.htm\" rel=\"noopener\">https:\/\/www.cr.gov.hk\/tc\/legislation\/companies-ordinance\/cap622\/companies-ordinance.htm<\/a><\/p><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e575d76 elementor-align-center elementor-widget elementor-widget-button\" data-id=\"e575d76\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/www.mnnbus.com\/en\/contact-us\/\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Contact Us<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fbdf8bb elementor-widget elementor-widget-spacer\" data-id=\"fbdf8bb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-165c6b1 elementor-widget elementor-widget-heading\" data-id=\"165c6b1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Frequently Asked Questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-10d64c8 elementor-widget elementor-widget-toggle\" data-id=\"10d64c8\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1761\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1761\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><svg class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><svg class=\"elementor-toggle-icon-opened e-font-icon-svg e-fas-caret-up\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M288.662 352H31.338c-17.818 0-26.741-21.543-14.142-34.142l128.662-128.662c7.81-7.81 20.474-7.81 28.284 0l128.662 128.662c12.6 12.599 3.676 34.142-14.142 34.142z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Can an unlimited company be converted into a limited company in the future?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1761\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1761\"><p>Yes. An unlimited company can be converted to a limited company through specific legal procedures, but this is not simply a change of name, but requires the formation of a new limited company to acquire the old business, which requires the filing of relevant documents and the payment of corresponding fees.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b4423a elementor-widget elementor-widget-toggle\" data-id=\"7b4423a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1291\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1291\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><svg class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><svg class=\"elementor-toggle-icon-opened e-font-icon-svg e-fas-caret-up\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M288.662 352H31.338c-17.818 0-26.741-21.543-14.142-34.142l128.662-128.662c7.81-7.81 20.474-7.81 28.284 0l128.662 128.662c12.6 12.599 3.676 34.142-14.142 34.142z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">Do I need a company secretary to open a limited company?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1291\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1291\"><p>Yes. According to<a href=\"https:\/\/www.cr.gov.hk\/tc\/legislation\/companies-ordinance\/cap622\/companies-ordinance.htm\" rel=\"noopener\">Hong Kong Companies Ordinance<\/a>All limited companies incorporated in Hong Kong are required to appoint a company secretary. The company secretary can be a Hong Kong resident or a body corporate with a registered office in Hong Kong.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6938c20 elementor-widget elementor-widget-toggle\" data-id=\"6938c20\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1101\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1101\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><svg class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><svg class=\"elementor-toggle-icon-opened e-font-icon-svg e-fas-caret-up\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M288.662 352H31.338c-17.818 0-26.741-21.543-14.142-34.142l128.662-128.662c7.81-7.81 20.474-7.81 28.284 0l128.662 128.662c12.6 12.599 3.676 34.142-14.142 34.142z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">How long does it take to start a company?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1101\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1101\"><p>The time required for the entire process of opening a company varies depending on the type of company. The process of opening an unlimited company is quicker and usually takes only a few working days if all the documents are in order. The process of opening an unlimited company is faster.<strong>Process of opening a limited company<\/strong>As document vetting is involved, electronic submission can be completed within one hour at the earliest, while paper submission normally takes one to two weeks, depending on the accuracy of document preparation and the speed of processing by the Government.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-757ec03 elementor-widget elementor-widget-toggle\" data-id=\"757ec03\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"toggle.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle\">\n\t\t\t\t\t\t\t<div class=\"elementor-toggle-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-1231\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-1231\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon elementor-toggle-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-closed\"><svg class=\"e-font-icon-svg e-fas-caret-right\" viewbox=\"0 0 192 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M0 384.662V127.338c0-17.818 21.543-26.741 34.142-14.142l128.662 128.662c7.81 7.81 7.81 20.474 0 28.284L34.142 398.804C21.543 411.404 0 402.48 0 384.662z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-toggle-icon-opened\"><svg class=\"elementor-toggle-icon-opened e-font-icon-svg e-fas-caret-up\" viewbox=\"0 0 320 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M288.662 352H31.338c-17.818 0-26.741-21.543-14.142-34.142l128.662-128.662c7.81-7.81 20.474-7.81 28.284 0l128.662 128.662c12.6 12.599 3.676 34.142-14.142 34.142z\"><\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-toggle-title\" tabindex=\"0\">What should I pay attention to after incorporation?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<div id=\"elementor-tab-content-1231\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-1231\"><p>There are ongoing legal obligations that need to be fulfilled after incorporation, including:<\/p><ul><li>Timely filing of tax returns: File your profits tax returns on time.<\/li><li>Business Registration Renewal: Renew your Business Registration Certificate before it expires.<\/li><li>Filing of Annual Returns (limited companies only): Annual returns are filed with the Companies Registry every year.<\/li><\/ul><p>Maintaining corporate compliance: Comply with relevant laws and regulations, such as updating corporate information and maintaining a register of significant controllers, in order to maintain the company's compliant operation.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-474d95c elementor-widget elementor-widget-spacer\" data-id=\"474d95c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5484b2b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5484b2b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3908e09\" data-id=\"3908e09\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-70ca201 elementor-widget elementor-widget-hfe-breadcrumbs-widget\" data-id=\"70ca201\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"hfe-breadcrumbs-widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<nav aria-label=\"Breadcrumb\"><ul class=\"hfe-breadcrumbs hfe-breadcrumbs-show-home\"><li class=\"hfe-breadcrumbs-item hfe-breadcrumbs-first\"><span class=\"hfe-breadcrumbs-home-icon\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-home\" viewbox=\"0 0 576 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M280.37 148.26L96 300.11V464a16 16 0 0 0 16 16l112.06-.29a16 16 0 0 0 15.92-16V368a16 16 0 0 1 16-16h64a16 16 0 0 1 16 16v95.64a16 16 0 0 0 16 16.05L464 480a16 16 0 0 0 16-16V300L295.67 148.26a12.19 12.19 0 0 0-15.3 0zM571.6 251.47L488 182.56V44.05a12 12 0 0 0-12-12h-56a12 12 0 0 0-12 12v72.61L318.47 43a48 48 0 0 0-61 0L4.34 251.47a12 12 0 0 0-1.6 16.9l25.5 31A12 12 0 0 0 45.15 301l235.22-193.74a12.19 12.19 0 0 1 15.3 0L530.9 301a12 12 0 0 0 16.9-1.6l25.5-31a12 12 0 0 0-1.7-16.93z\"><\/path><\/svg><\/span><a href=\"https:\/\/www.mnnbus.com\/en\"><span class=\"hfe-breadcrumbs-text\">Home<\/span><\/a><\/li><\/ul><\/nav>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3dffe89 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3dffe89\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9f129f6\" data-id=\"9f129f6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<p>When starting or expanding a business in Hong Kong, setting up a company is often the first step. 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