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Hong Kong Limited Partnership Incorporation Procedures and Fees

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Hong Kong Limited Partnership Incorporation Procedures and Fees

Unless otherwise indicated, the Hong Kong Limited Partnership stated in this quotation refers to a Limited Partnership formed and registered in Hong Kong in accordance with the Limited Partnerships Ordinance (Cap. 37 of Hong Kong laws).

Our fee for the formation and registration of a limited partnership in Hong Kong USD850 (HKD6,630). The fee quoted is inclusive of official filing fee and capital fee for initial capital contribution up to USD1,282 (HKD1,000).

For the purpose of registration of a Hong Kong limited partnership, the client needs to provide the proposed name of the limited partnership and identity proof, such as Hong Kong identity card or passport or Certificate of Incorporation, and address proof, such as utility bill or address of registered office, of each person who will be the general partner, limited partner.

The registration of a limited partnership in Hong Kong will take 5 working days after all the documents are prepared and submitted.

If the business to be carried out in Hong Kong requires extra licence or permit, we can help apply for such licence or permit and our fees will be quoted upon request.

Hong Kong Limited Partnership Registration Fees

Our fee for handling the registration of a limited partnership in Hong Kong with an initial capital contribution of not more than HKD1,000 is HKD9,000. Capital contribution in excess of HKD1,000 will attract an addition registration cost of HKD8 per HKD1,000.

In particular, our fees cover the services listed below.

(1)	Answering questions in respect of registration of limited partnership in Hong Kong raised by client;
(2)	Assisting client in the preparation of materials required for the purpose of limited partnership registration;
(3)	Performing “Know Your Know” due diligence;
(4)	Preparation of application documents;
(5)	Submit the application form to the Business Registration Office and Companies Registry
(6)	Payment of official registration fee and business registration fee;
(7)	One rubber stamp;
(8)	Forwarding registration documents to client.

Note:

(1)	Our fee stated above quotation does not include drafting of Partnership Agreement. You can provide your own Partnership Agreement or engage our service for drafting.
(2)	An extra capital fee of HK$8 will be charged for every HK$1,000 or part of HK$1,000 of the sum contributed by each limited partner.
(3)	For the partners who are non-Hong Kong residents, Business Registration Office has right to require the business to provide further information to prove how they did commence their businesses in Hong Kong without valid working permit. Our package does not cover relevant services and additional works for handling the enquiry.
(4)	All fees quoted are exclusive of delivery charge and tax, if any.

Optional Services

In additional to company registration, we also provide the following related services to supplement the registration of your company.

No.	Services	Fee (USD)
1	Tailor-made of Partnership Agreement (Note 1)	TBA
2	CPA certification of incorporation documents (per set)	190
3	Notarisation or legalisation of corporate documents (Note 2)	TBA
4	Registered office (business) address	340

Note:

(1)	Kaizen can help client to draft the partnership agreement in accordance with client’s instructions. Our fee for this service will be quoted upon request.
(2)	Kaizen can arrange to have the registration documents notarisation by Notary Public and legalisation by the consulate general and designed attesting officers in Hong Kong. Our fee for these services will be quoted upon request.

Payment Terms and Methods

Upon receipt of your confirmation of engagement, we will issue and send an invoice together with the wiring instructions to you for your settlement. When you arrange the payment, please put our invoice number of account number in the message section and then send email a copy of the remittance receipt to us for our records. Because of the nature of service, we require full payment in advance. And once the service is commenced, no refund of service fee will be made.

We accept cash, HKD check, TT and credit card through Paypal. An extra handling fee of 5% will be charged if paid by Paypal.

Basic Structure of a Hong Kong Limited Partnership

(1)	At least one general partner; can be another corporation or limited partnership;
(2)	At least one limited partner; can be another corporation or limited partnership;
(3)	Must have a Hong Kong business address/registered office;

Materials Required for Registration of Hong Kong Limited Partnership

You will need to provide the following documents and information to Kaizen by email or fax or post for purpose of incorporation:

(1)	One photocopy of passport (or identity card for Hong Kong resident) and residential address proof (such as utility bill or telephone bill) in respect of each partner; if General Partner is another corporation, please provide registration documents of the corporation;
(2)	In the case where a partner is a corporation or another limited partnership, a group chart illustrating clearly the relationship between the proposed limited partnership and its ultimate beneficial owner(s);
(3)	Basic background information of the new company, such as the principal business activities, the products to be traded or services to be provided, the location of suppliers and customers, the expected turnover of the first year etc;
(4)	A duly completed registration order form and Due Diligence form (provided by Kaizen).

The identification document(s) and address proof listed above must be certified by Kaizen, or by a CPA, lawyer or a bank manager.

Hong Kong Limited Partnership Registration Procedures and Timeframe

Normally, the registration of a limited partnership can be completed in 7 working days. The number of days is counted from receipt of duly signed the incorporation documents by us.

Item	Description	Day
1	You place an order for incorporation with Kaizen and provide the documents and information listed in Section 5 to Kaizen by email or fax or post.	Client’s Schedule
2	Kaizen arranges with you to have the identification documents of the general partner(s) and limited partner(s) of your new company certified by Kaizen or other attesting officers.	1
3	Kaizen prepares incorporation documents.	1
4	Kaizen delivers the incorporation documents to you by post	1
5	You sign the incorporation documents and return the duly signed documents to Kaizen.	Client’s Schedule
6	Kaizen then files the incorporation documents with the Companies Registrar for registration. At the same time, Kaizen arranges payment of registration fee.	1
7	After 5 working days, the Companies Registry issues the Certificate of Registration.	5
8	Kaizen then files the incorporation documents with the Business Registration Office	1
9	After 1 to 2 working days, the Business Registration Office issues the Business Registration Certificate.	1 - 2
10	Kaizen deliver the document and certificates to Client.	1

Registration Documents Returned to Client after Registration

After the company is officially registered, Kaizen will return the following documents and materials for retention:

(1)	Original copy of Certificate of Registration;
(2)	Original copy of Business Registration;
(3)	Copy of Application documents.

Annual Maintenance

After a limited partnership is officially registered in Hong Kong, it is required to comply with the maintenance requirements such as renewing the business registration certificate, updating books of accounts and filing of tax returns. Our fees for some of these services are determined by the nature of business and volume of transactions. The fees listed in the table below represent the minimum maintenance costs that the owner of a Hong Kong company should budget for and are provided as a reference only and the actual costs could be higher.

Item	Description	Fee (USD)
1	Business Registration Certificate renewal fee	280
2	Provision of Business Address	360
	Subtotal:	640
	Compliance Requirements with Variable Fees
3	Updating books of accounts	250 up
4	Tax computation and filing of profits tax return	350 up
5	Filing of Employer’s Return (Form IR56A in case of no employee, in case of having employees, plus Item 6 below)	100
6	Filing of Employer’s Return (Form IR56B for Each Employee)	120
7	Audit of Financial Statements	1,000 up

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ WeChat: +852 5616 4140
Skype: kaizencpa

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