{"id":4779,"date":"2024-09-24T11:55:47","date_gmt":"2024-09-24T03:55:47","guid":{"rendered":"https:\/\/reaphk.com\/unlimited-limited-company-minimum-number-of-people-required\/"},"modified":"2025-06-30T10:48:40","modified_gmt":"2025-06-30T02:48:40","slug":"unlimited-limited-company-minimum-number-of-people-required","status":"publish","type":"post","link":"https:\/\/reaphk.com\/en\/unlimited-limited-company-minimum-number-of-people-required\/","title":{"rendered":"Unlimited\/Limited Company Minimum number of people required"},"content":{"rendered":"\t\t
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<\/p>

<\/b><\/p><\/td>

Owned<\/b><\/p><\/td>

Partnerships<\/b><\/b> <\/b><\/p><\/td>

Private limited company<\/b><\/p><\/td><\/tr>

Number of shareholders<\/b><\/p><\/td>

1 person<\/p><\/td>

2 to 20 people<\/p><\/td>

1 to 50 people<\/p><\/td><\/tr>

Legal Status<\/b><\/p><\/td>

There is no independent legal status, and only the proprietor can own assets and sign contracts in his private name<\/p><\/td>

There is no independent legal status, and only co-ownership of assets and signing contracts in the name of partners<\/p><\/td>

It is a legal entity with an independent legal status, and the company can own assets and sign contracts<\/p><\/td><\/tr>

Debt Liability<\/b><\/p><\/td>

The proprietor is liable and must be fully liable if the company becomes insolvent.<\/p><\/td>

Except for the limited partnership partners, the rest of the partners are unlimited liability; If the company becomes insolvent, the partners must be fully liable.<\/p><\/td>

All shareholders have limited liability, limited to capital contributions, and if the company becomes insolvent, the company is only required to be wound up, and the shareholders are not liable.<\/p><\/td><\/tr>

Year-end taxes<\/b><\/p><\/td>

No audit required, no deduction for personal expenses (including the salary of the proprietor and his\/her spouse)<\/p><\/td>

No audit, no deduction for personal expenses (including salaries of partners and their spouses)<\/p><\/td>

Must be audited and all normal expenses of the company can be deducted (directors’ remuneration can be deducted by the company and converted to personal assessment tax)<\/p><\/td><\/tr>

Other things to know<\/b><\/p><\/td>

An annual business registration fee is payable. However, the business registration fee may be waived in certain circumstances.<\/p><\/td>

An annual business registration fee is payable. However, the business registration fee may be waived in certain circumstances.<\/p><\/td>

A business registration fee must<\/b> be paid annually and an annual return and registration fee must be filed with the Companies Registry.<\/p><\/td><\/tr><\/tbody><\/table>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Owned Partnerships Private limited company Number of shareholders 1 person 2 to 20 people 1 to 50 people Legal Status There is no independent legal status, and only the proprietor can own assets and sign contracts in his private name There is no independent legal status, and only co-ownership of assets and signing contracts in …<\/p>\n","protected":false},"author":9,"featured_media":4632,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"none","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[50,52,55],"tags":[],"class_list":["post-4779","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-directors-shareholders","category-incorporation-of-a-limited-company","category-incorporation-of-unlimited-companies"],"_links":{"self":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts\/4779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/comments?post=4779"}],"version-history":[{"count":1,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts\/4779\/revisions"}],"predecessor-version":[{"id":4781,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/posts\/4779\/revisions\/4781"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/media\/4632"}],"wp:attachment":[{"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/media?parent=4779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/categories?post=4779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/reaphk.com\/en\/wp-json\/wp\/v2\/tags?post=4779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}