Limited liability company is a separate legal entity, and there is limited liability for shareholders.

However, the maintenance cost is high and the requirement is strict, for example, including preparation of annual audited financial statements, filing of annual return to Company Registry.

​

Nevertheless, it gives better protection and image as well as business expansion flexibility.

Incorporation of unlimited liability company is simply and easy, and there is no requirement of annual audit or comply with company ordinance. However, the liability of the proprietor is unlimited.