Sole Proprietorship & Partnership Setup and Tax Filing
Business registration, structure advice and tax filing for sole proprietorships and partnerships.
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A sole proprietorship or partnership is quick to set up, but the owners carry unlimited personal liability. BizAion handles the business registration, has an accountant explain the pros and cons versus a limited company, and files your tax return each year: HK$4,000 a year for income under HK$1 million, or 0.4% of income above that.
Plans and fees
Sole proprietorship setup
For freelancers, new online sellers and independent consultants.
- Business Registration Certificate (BRC) application prepared and filed with the IRD
- A 30-minute consultation with an accountant: sole proprietorship vs limited company, tax rates and personal liability
- Tax basics: how to take money out legally (drawings vs salary) and which expenses are deductible
Partnership setup
For two or more people starting a business together, with clear financial boundaries.
- Partnership Business Registration Certificate (BRC) application prepared and filed
- A 45-minute consultation with an accountant on profit sharing, losses and tax responsibilities
- A framework for the financial and tax terms of your partnership agreement, to avoid disputes later
A sole proprietorship does not need a statutory audit, but the Inland Revenue Department is still strict about its accounts and tax computation. BizAion's accountants compute your assessable profits and claim every allowance you are entitled to.
| Total income per year | Fee (HKD / year) |
|---|---|
| Under HK$1 million | HK$4,000 |
| Over HK$1 million | 0.4% of total income |
Partners: HK$1,000 for each partner from the second one.
Please note
- The business registration must show a Hong Kong business address; a home address becomes publicly searchable. Take Address Plan 1 (HK$3,800/yr) at the same time and the setup fee is HK$500 less.
- The tax filing fee assumes you provide complete, accurate annual accounts (profit and loss and balance sheet) and a trial balance. If your books need sorting out, bookkeeping is charged separately by volume and complexity.
- Fees cover routine filing. A field audit or tax investigation by the IRD is quoted separately.
- Fees above are BizAion's professional fees in HKD. Government fees, auditor's fees and other third-party costs are charged separately at cost.
Frequently asked questions
How much does Sole Proprietorship & Partnership Setup and Tax Filing cost at BizAion?
Tax filing from HK$4,000 / year. Fees above are BizAion's professional fees in HKD. Government fees, auditor's fees and other third-party costs are charged separately at cost.
What is included in BizAion's Sole Proprietorship & Partnership Setup and Tax Filing service?
A sole proprietorship or partnership is quick to set up, but the owners carry unlimited personal liability. BizAion handles the business registration, has an accountant explain the pros and cons versus a limited company, and files your tax return each year: HK$4,000 a year for income under HK$1 million, or 0.4% of income above that.
How do I get started?
Message us on WhatsApp or call +852 7091 3665, or email info@bizaion.com. The first consultation is free, and the process has three steps: consult, quote, done.