Designated Representative of a Hong Kong Company

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Other than identifying and keeping the Significant Controllers Register, the Hong Kong companies are also required to designated a representative for its company under the Companies Amendment Ordinance 2018.   According to the “Guideline on the Keeping of Significant Controllers Register“, Section 2.7 also pointed out a company must designate at lest one person as its representative to provide assistance relating to …

Obligation for Hong Kong Companies to Maintain Significant Controllers Register

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Any Hong Kong incorporated companies are required to maintain a Register of Significant Controllers by taking reasonable steps to identify its significant controllers. From 1 March 2018, all Hong Kong incorporated companies, except for those companies that are listed on the Hong Kong Stock Exchange, are required to maintain a Register of Significant Controllers (the ‘SCR’), which will be accessible to the …

Companies Ordinance 2018: Keeping of Significant Controllers Register

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Company (Amendment) Ordinance 2018, has been introduced since 1 March 2018. There are new requirements on the keeping of significant controllers registers by companies has come into operation. All registered Hong Kong Limited Companies are required to identify a person/ persons who has/ have significant control over the company and maintain a Significant Controllers Register, informing and updating your Company …

REQUIREMENTS TO APPLY TO BECOME A NOTARY PUBLIC

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Before submitting your applications, there are several requirements an aspiring notary must complete. The Legal Requirement To most small businessmen and women tempted by eye-watering fees, this requirement is the most exclusionary. In order to even be eligible to submit an application, you must fulfill two requirements. First, you must have an aggregate total of seven years of experience working …

HOW TO BECOME A NOTARY PUBLIC IN HONG KONG

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If you own a small business, you might occasionally need documents notarized. After seeing the price tag on their services, though, it might be tempting to change industries. Their fees often can get up to the HK$1000s for as little work as a single signature. The process of becoming a notary public, and joining their society, reveals why: it is …

Significant Controllers Registry Compliance

WHAT IS THE CONTENT OF SIGNIFICANT CONTROLLERS REGISTER?

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After identifying the significant controllers in your company, you should enter the content into a Significant Controllers Register, keep it up-to-date, and make it available for inspection. It is important to note that certain details must be included in SCR: • The ‘required particulars’ of every significant controller of the company. The ‘required particulars’ include name, nature of control over the company, …

ACCEPTABLE OFFICIAL DOCUMENT FORMAT IN HONG KONG

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Sometimes we have to file relevant official documents to the Inland Revenue Department or the Companies Registry. Sometimes, however, are documents are rejected due to their unacceptable format . Below are a few common cases of unacceptable formats: Some documents are printed 2-sided. Some documents use American Header Paper. Therefore, we want to kindly remind you that all official documents sent …

MORE ABOUT QUARTERLY SURVEY OF EMPLOYMENT AND VACANCIES

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Previously, we introduced the purpose of the Survey of Employment and Vacancies and how to submit it. In this blog, we will explain how properly fill it out, as you may find difficulties. Below are a few frequently asked questions. In section A, provide basic information about the company. 1. Trading name — Some establishments may use a trading name that is …

WHAT IS THE CENSUS AND STATISTICS DEPARTMENT SURVEY?

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You will receive a letter every quarter from the Census and Statistics Department containing a survey requesting basic information about your company. This information includes incorporation date, business nature, number of employees, etc. You may be confused with the purpose of this form and how it should be filled. Below is some basic clarifying information to ensure you fill out the …