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Showing posts from January, 2020

Keeping of Significant Controllers Register

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Keeping of Significant Controllers Register The Companies (Amendment) Ordinance 2018 ("the Amendment Ordinance") introduces new requirements on the keeping of significant controllers registers by companies. The Amendment Ordinance has commenced operation on 1 March 2018 . To enhance the transparency of corporate beneficial ownership in order to fulfill Hong Kong’s international obligations, the Companies Ordinance (Cap. 622) is amended to require a company incorporated in Hong Kong to obtain and maintain up-to-date beneficial ownership information by way of keeping a Significant Controllers Register. The Register should be open for inspection by law enforcement officers upon demand. Comprehensive information on the Amendment Ordinance, including Frequently Asked Questions, External Circular and Guideline issued by the Companies Registry on the new requirements, are available at this thematic section. Under the Companies (Amendment) Ordinance 201

Difference between Company registration and business registration

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They Play Different Roles Company registration, business registration and trademark registration in Hong Kong serve different purposes. They are regulated by different laws and registration systems administered by different government departments. Companies Registry The Companies Registry administers and enforces the Companies Ordinance (Chapter 622, Laws of Hong Kong). The Companies Registry is responsible for providing services for the incorporation of local limited companies and the registration of non-Hong Kong companies which were incorporated outside Hong Kong and have established a place of business in Hong Kong. Business Registration Office The Business Registration Office under the Inland Revenue Department administers the Business Registration Ordinance (Chapter 310, Laws of Hong Kong). The Business Registration Office is responsible for registering businesses carried on by an individual, a partnership, a local limited company or a non-Hong Kong co

How a Secretarial Service Helps Get Your Company off the Ground

Our company formation service will tick every box of the company registration requirements. This ensures your business is up and running as soon as possible. We do all the legwork associated with a company name search. We prepare the relevant documents, Company Articles of Association and Certificate of Incorporation. Our expertise helps you receive your Business Registration License as soon as possible. We also take care of all the intricacies involved in your first year of business. These include preparing a Company Annual Return NAR1 and keeping your Significant Controller Register up to date.  Since we're acting as your designated representative, you can use our address as your business's physical address. We forward all government mail (unopened) to your address. We'll also make all the arrangements needed to open a bank account and arrange an appointment for you with your chosen bank. All we need from you are: 2 or 3 proposed names for your Hong Kong com

Business Registration in Hong Kong

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The Business Registration Ordinance requires every person who carries on a business in Hong Kong to apply for business registration within 1 month from the date of commencement of the business and to display a valid Business Registration Certificate at the place of business. If the registered particulars of the business have changed, the business operator has to notify the IRD in writing within 1 month of the change. In order to operate a company in Hong Kong, you need to meet several complicated criteria. For starters, you're required by law to have a local resident company secretary. You also need a local registered address and maintain an auditor. In this light, it's clear that you need a company secretary in Hong Kong, but how does this service benefit you in other ways? Ways that go beyond merely complying with the law. Renewal of Business Registration For registered business, a business registration renewal demand note will be sent by the Business