Excel Services Limited

Business Startup

Hong Kong company's comparison
Ordinance required	Limited company	Sole Proprietor	Partnership
Age/Nationality	Age 18/No limit	Age 18/No limit	Age 18/No limit
No. of shareholder	1 to 50 persons	1 person	2 to 20 persons
No. of director	At least 1 person	N/A	N/A
Company secretary	1 person, must be HK person or company	N/A	N/A
Registered office	Must be HK address	Must be HK address	Must be HK address
Legal status	Legal entity, assets under the name of company	No legal entity, assets under the name of sole proprietor	No legal entity, assets under the name of partners
Debts liability	Liability limited to the share capital invested only	Unlimited liability to debts	Unlimited liability to debts
Tax liability	Profit Tax: 16.5%	Profit tax: 15% or Personal assessment: 2-17%	Profit tax: 15% or Personal assessment: 2-17%

Required information for company formation
Ordinance required	Limited company	Sole Proprietor	Partnership
Company name	Chinese and/or English name	Chinese and/or English name	Chinese and/or English name
Share capital	10,000 shares at HK$1.00 at par	N/A	N/A
Shareholder	Chinese/English name, residential address, and shares allotted (at least 1 person)	Chinese/English name, residential address, HKID/Passport No. (1 person)	Chinese/English name, residential address, HKID/Passport No. and % hold (at least 2 person)
Director	Chinese/English name, residential address, HKID/Passport No. (at least 1 person)	N/A	N/A
Company secretary	Chinese/English name, HK address, HKID/CO No. (Must age 18 HK citizen or HK company)	N/A	N/A
Registered office	Must be HK address	Must be HK address	Must be HK address
Nature of business	Need	Need	Need

Other fee (if company have operation)
Fee	Limited company	Sole Proprietor	Partnership
Accounting	Required	Required	Required
Taxation	Required	Required	Required
Auditing	Required	N/A	N/A
Employer's Return	Optional	Optional	Optional