WHAT DO YOU NEED FOR A SHARE TRANSFER?

What is a share transfer? A share transfer is the process of transferring existing shares from existing shareholders to new shareholders or third parties. The process can either be sale or gift and is a common exercise performed by Hong Kong companies with shares. The process mostly involves either adding new shareholders or changing the …

MAINTAINING YOUR COMPANY DURING DEREGISTER

Business owners are always concerned about how to incorporate a company and the logistics around running one. However, one aspect of running a business that many business owners fail to recognize is the deregister of a company. Deregistration is not a situation to expect but is always good to prepare for. When to make a …

IS YOUR PROFESSIONAL COMPANY SECRETARY A QUALIFIED ONE?

According to Section 154 of Hong Kong Company Ordinance, every company must appoint a Company Secretary. Along with this article, you can see the importance of a company secretary for every Limited Companies in Hong Kong. In fact, many of the Limited Companies do not know if they have hired a QUALIFIED professional company secretary to help …

Hong Kong Government Special Work Arrangement Extended

The Government announced on 21st December 2021 that to further extend the special work arrangement for the public services. Aside from those providing emergency and essential public services, all government employees will continue to work from home until January 6 next year. Why extended the Special Work Arrangement? The decision was made because the local …

READY FOR THE ANTI-MONEY LAUNDERING (AML) REVIEW?

Since March 2018, Company Registry (CR) imply Guideline on Compliance of Anti-Money Laundering (AML) and Counter -Terrorist Financing (CTF) Requirements for Trust or Company Services Providers. On the whole, there has been total of 1800 of TCSP licenses issued within the past 1.5 year. While there has been 1024 TCSP licensed operator being interviewed. Additionally, …

2 YEARS WAIVER OF REGISTRATION FEES FOR ANNUAL RETURNS

Starting from 1st October 2020,  the Annual Returns Registration fees at Company Registry will be waived for 2 years. The waiver programme is responding to the 2020-2021 Hong Kong Financial Budget.  Details of the Waivers The waiver of registration fees will apply to annual delivered to Registry on time and within the concession period from 1st …

How to change the Name of a Hong Kong Limited Company?

Sometimes a Company Name just doesn’t work out: You thought the clever moniker you chose would truly represent your brand. However, customers didn’t make the connection. Or maybe you used your own name for your company. Now you want to change it to reflect a larger, more corporate brand.   Whom legal formalities should I inform? Whatever …

Change of Registered Office Address for Hong Kong Limited Companies

Changes are never far from our door. Especially we are living in a fast pace and high rent city – Hong Kong. Due to the change of business environment or your personal issue. Probably you have considered to relocate your business or to change of registered office address. What should you do when I need …

Deregistration and Restoration Q & A

1/ Can any company registered in Hong Kong apply for deregistration under the new Company Ordinance (Cap.622) (“the new CO”) at the Company Registry? No. Only if it is a private company and a company limited by guarantee may apply for deregistration under Division 2 of Part 15 of the new CO.   2/ Are …

Hong Kong Limited Company Maintain and Upkeep

Without a doubt, maintain and upkeep for a Limited Company in Hong Kong is as critical as the initial setting up. Basically,  any Hong Kong Limited Company has to liaison with two government departments at least ones per year. Firstly the Hong Kong Limited Company must liaise with the Company Registry Department We need to update …