Setting Up
Unlimited Company
Fees & Details
Set Up Unlimited Company
HK$3,000
5-7 working days
Fees include:
Business registration fee ($2,150)
Prepare and submit relevant documents to IRD
Comparisons Between
Limited & Unlimited Companies
Set up unlimited company FAQs
When I started a sole proprietorship business, how and when should I report my profits/loss to the Inland Revenue Department (IRD)?
Sole owners of business should report business results in the Tax Return – Individuals (BIR60).
If I did not make any profit, what should I do?
The loss can be carried forward to set off against the future profits of your business.
How long should I keep and retain business records?
At least 7 years
What are the consequences of not keeping sufficient business records?
Failure to keep sufficient records may result in a court fine of up to $100,000; and
estimated assessments being raised on your business.
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