Company Registration
Company Registration
Limited company - 8 advantages you must know
Benefit 1
Protection of Assets
The main advantage of registering a limited company is limited liability. The liability of the shareholder is limited to his share capital. Registering a limited company can protect the shareholder's private assets from being implicated in business mistakes. Let me ask, if the business fails will cost all your wealth, how many people will go for startup?
Benefit 2
More Funding Options
A limited company can raise funds by issuing share capital while protecting investors due to limited liability. Banks also have different financing products for limited companies, so the company has sufficient funds to operate.
Benefit 3
Better Brand Image
A limited company is governed by Hong Kong company law. The requirements for information disclosure from registration to maintenance are higher than those of an unlimited company. For suppliers, customers and investors, a limited company has a better image. The general impression is that a large company will operate as a limited company.
Benefit 4
Sustainable Business
The existence of a limited company can be permanent and will not end the company due to illness or death of individual shareholders. The company can also introduce powerful investors and management through share allocation, making the company's development more flexible. Most of the big companies and large enterprises have developed their business in this way.
Benefit 5
More Expense Deductions
A limited company is an independent legal person, and all expenses related to the generation of income can be deducted as expenses. Such as entertainment and travel expenses. And we can also get better tax treatment by holding assets such as properties, cars, etc. as a limited company. E.g. if a rental property is held by a limited company, the related maintenance and decoration expenses can be deducted as expenses.
Benefit 4
Sustainable Business
The existence of a limited company can be permanent and will not end the company due to illness or death of individual shareholders. The company can also introduce powerful investors and management through share allocation, making the company's development more flexible. Most of the big companies and large enterprises have developed their business in this way.
Benefit 5
More Expense Deductions
A limited company is an independent legal person, and all expenses related to the generation of income can be deducted from income as expenses. Such as entertainment, transportation, and travel expenses. And we can also get better tax treatment by holding assets such as properties, cars, etc. as a limited company. E.g. if a rental property is held by a limited company, the related maintenance and decoration expenses can be deducted as expenses, but the unlimited company cannot.
Benefit 6
Freedom of share transfer
As long as the board of directors agrees, the shares of the limited company can be freely transferred. Investors are generally more willing to accept the transfer of a limited company than an unlimited company.
Benefit 7
Beneficial in Tax Planning
The salaries of the directors and their spouses of a limited company can be deducted as expenses, which is beneficial in distributing the profits of a limited company. Legally transferring part of the profits to salaries tax, and obtain more tax benefits.
Benefit 8
Favorable for apply business visa
If you are a non-Hong Kong resident, setting up a limited company in Hong Kong could help you apply for a business visa to come to Hong Kong.
Service Package
Startup Plan
Limited Company Incorporation
(Government fee $1,795 not included)
HK$1,200
HK$1,000
Professional Plan
Limited Company Incorporation
(Speical: HK$0)
(Government fee $1,795 not included)
Company Secretarial Service
(including register of Shareholders & Directors)
HK$2,400
HK$880
Prestige Plan
Limited Company Incorporation
(Speical: HK$0)
(Government fee $1,795 not included)
Company Secretarial Service
(including register of Shareholders & Directors)
Virtual Office
(According to the Companies Regulations, the company name must be displayed in a conspicuous place at the registered office)
HK$3,900
HK$1,980
Service Package
Startup Plan
Limited Company Incorporation
(Government fee $1,795 not included)
HK$1,200
HK$1,000
HK$1,200
HK$1,200
HK$1,000
Professional Plan
Limited Company Incorporation
(Speical: HK$0)
(Government fee $1,795 not included)
Company Secretarial Service
(including register of Shareholders & Directors)
HK$2,400
HK$880
Prestige Plan
Limited Company Incorporation
(Speical: HK$0)
(Government fee $1,795 not included)
Company Secretarial Service
(including register of Shareholders & Directors)
Virtual Office
(According to the Companies Regulations, the company name must be displayed in a conspicuous place at the registered office)
HK$3,900
HK$1,980
Others Services
Arrange Bank Account Opening
Green Box
HK$1,500
HK$500
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