This type of business is useful for 2 or more business partners who are willing to deal with equivalent commercial activities and agree upon dividing the degree of responsibility between them: either in a limited or unlimited way.
Normally, the overall partners of this entity are pretty experienced business persons who are completely involved within the decision-making process and have unlimited liability for business debts. On the contrary, the limited partner is often the business or a private who provides you with the financial resources to a limited partnership. A limited partner shall not during the continuance of the partnership, either directly or indirectly, prolong or receive back any a part of this contribution, and if he does so, he will be liable for the debts and obligations of the business up to the amount of money drawn out. A limited partner shall not participate within the management of the partnership business, and shall not have the power to bind the firm. as long as a limited partner may by himself or his agent at any time inspect the books of the firm and examine into the state and prospects of the partnership business, and should advise with the partners thereon.
However, for this business, the one who will be the general partner has the liberty to run the business. The limited partners, who aren't responsible for the debts or wrongful acts of other partners, make it easy to boost capital. Therefore, this is often the simplest option for people who want to act as a limited partner.
As soon as you get the understanding of what a Hong Kong limited partnership stands for, the subsequent thing you ought to learn is the characteristics of this sort of business entity.
There is no denying the very fact that the Hong Kong limited partnership must be registered with the Companies Registry. And as soon as you register your business, then a certificate of registration of Limited Partnership is issued, and then, the partners can easily commence their commercial activities. Well, the appliance for registration must be amid a registration fee and an additional fee per 1,000 HK$ contributed by the limited partners.
And for the sake of partner rights and obligations, the Hong Kong limited partnerships founders may select to conclude a limited partnership agreement or follow the overall rules outlined within the Partnership Ordinance.
If you have understood all the important information about Hong Kong Limited Partnership registration, the chances are that you want to include your business as a limited partnership. Then you'll be amazed to understand that in Hong Kong, the procedure of launching a limited partnership is sort of simpler than for other business entities.
In fact, it doesn’t require minimum share capital. If you're able to operate this business, then hire the firms with expertise like ours. In our company, you'll enjoy services like company registration, and incorporation services that include the use of their Hong Kong office address as your registered address, the filing of your company’s income tax return, handling the problems of the government, incorporating the corporate, providing registered agent services, and tons more.
You only have to pay the incorporation Price of Limited Partnership about $1534 USD and for renewal price of Limited Partnership, all you would like is $785 USD.
Are You able to form Your Limited Partnership Company in Hong Kong? Choose us! With the assistance of our Back Office system, get round-the-clock access and fast company services through our company and therefore the HK government Companies Registry (CR) office.