AbacusHKCPA - Company Formation and Company Registration by Hong Kong Accountants (HKCPA)
Service in Hong Kong
Why I need a company secretary?
According to Hong Kong Companies Ordinance, each limited company should have a company secretary.
Who should be :
The duty of company secretary is to maintain proper company record as required and stated in Companies Ordinance (not accounting records).These include :
As a limited company is granted the "privilege" of limited liability, it needs to comply with some administrative requirement to enable information disclosure to public is maintained.This protects
Significant Controllers Register (“SCR”)
The new requirements on the keeping of significant controllers registers by companies which will come into operation upon commencement of the Companies (Amendment) Ordinance 2018 (“the Amendment Ordinance”) on 1 March 2018.
To enhance transparency of company information, all companies incorporated in Hong Kong (except Listed Companies) are required to obtain and maintain up-to-date beneficial ownership information, by way of keeping a Significant Controllers Register ("SCR") for inspection by law enforcement officers upon demand.
Who is a Significant Controller?
A person has significant control over a company if one or more of the following 5 conditions are met:–
Designated Representative of Hong Kong Company
Following the passing of the Companies (Amendment) Bill 2017 on 24 January 2018, Hong Kong companies are required to obtain and maintain up-to-date beneficial ownership information through keeping a Significant Controllers Register (“SCR”) with effective from 1 March 2018.
The SCR of a company must contain the name and contact information of the Designated Representative ("DR") as its representative to provide assistance relating to the company’s SCR to a law enforcement officer.
A company’s DR must be one of the following:–
See also :
Company Formation > Hong Kong > Limited Company > Hong Kong Company Incorporation Requirement Company Formation > Hong Kong > Limited Company > Hong Kong Company Incorporation Requirement Company Formation > Offshore > Key Corporate Features