Corporate Compliance
Maintaining corporate compliance is crucial for the sustainability of any business. Our firm offers comprehensive services to help you navigate the regulatory landscape. We assist in developing compliance programs tailored to your industry, ensuring that your business adheres to all legal requirements. Our proactive approach minimizes risks and helps you avoid potential penalties, allowing you to operate with confidence.
Service Scope:
- Preparation of Annual Return and filling to Company Registry (CR)
- Preparation of AGM documents
- Maintenance of statutory records (register of directors, register of members and register of secretaries)
Value Added Services:
- Change of Company Name
- Change of Registered Offices
- Appointment/ Resignation of Director
- Change of Director Particulars
- Change of Shareholder (Per Shareholder)
- Issuance of Shares
- Opening of bank accounts
- Directorship Services
Importance of corporate compliance
Legal Obligations
Adhering to local laws, such as the Companies Ordinance and other regulations, is mandatory. Non-compliance can lead to legal penalties, fines, or even the dissolution of the company.
Maintain Good Corporate Governance
Strong compliance frameworks support better corporate governance, promoting transparency and ethical decision-making, which is essential for long-term success.
Realising your performance potential
Implementing compliance systems can lead to more efficient business operations, ensuring that procedures are in place for adherence to regulations, which can improve overall productivity.
Sustainability and Growth
Companies that prioritize compliance are better positioned for sustainable growth, as they can adapt to regulatory changes and maintain operational integrity.
Our Competitive Advantage
✓ Quick response of our service
✓ On-time delivery of services
✓ Multilingual Services Support
FAQ
Is it mandatory to appoint a company secretary for a company registered in Hong Kong?
Yes, it’s mandatory under the Hong Kong Companies Ordinance for every registered company to have a company secretary.
May non-Hong Kong residents incorporate a local limited company in Hong Kong?
Yes. Non-Hong Kong residents may incorporate a local limited company in Hong Kong.
A non-Hong Kong resident can be appointed as a director of a local limited company. However, the company secretary, who is a natural person, should ordinarily reside in Hong Kong. For company secretary which is a body corporate, its registered office or place of business should be in Hong Kong.
A private local limited company must have at least one director who is a natural person and one company secretary. The sole director cannot act as the company secretary of the same company.
What are the requirements of directors and company secretary of a company?
A private company must have a company secretary and at least one director who is a natural person (i.e. an individual). The sole director of a private company must not also be the company secretary. A private company having only one director must not have a body corporate as its company secretary if the sole director of that body corporate is also the sole director of the private company.
A public company or a company limited by guarantee must have a company secretary and at least two directors, one of whom may be the company secretary. It must not have a body corporate as its director.
If the company secretary is a natural person, he or she must ordinarily reside in Hong Kong. If the company secretary is a body corporate, the address of its registered or principal office should be in Hong Kong. There is no requirement under the Companies Ordinance that a director must be a Hong Kong resident.