The appointment of a company secretary is part of the legal requirements for registering a company in Hong Kong. The importance of appointing a professional company secretary is not limited to the above-mentioned legal requirements.
Generally, the Get Started HK and check company secretary acts as the liaison between the company and the Hong Kong government and as the compliance officer of your company to ensure legal filing with the Hong Kong government.
Company and Hong Kong Companies Registry Relationship Manager. Compared with your personal secretary, this position has a high status in the company.
Who is a Hong Kong company secretary and why is it necessary?
Hong Kong is a commercial center and one of the best jurisdictions for offshore company registration. An ideal platform for exponential growth in Asia and overseas. But first, you need to register your business in Hong Kong. When establishing Hong Kong, the company secretary must verify that the company complies with legal requirements and all standard financial in Hong Kong, including submitting annual financial statements, updating company registration, notifying company registration changes, and preparing an annual comprehensive report. General Meeting of Shareholders, etc.
According to the HK Companies Ordinance, a requirement for the registration of a Hong Kong company in any jurisdiction is the presence of the company secretary.
In this article, we carefully studied a business secretary in Hong Kong and showed him why he needs to do this correctly.
How important is the company secretary in Hong Kong?
Before we expand the company’s secretarial functions in Hong Kong, we would like to provide you with some basic information about its services. More importantly, why does your business need them?
Well, there are many reasons for this. First, this is a statutory requirement of the Companies Ordinance, so all companies must appoint a company secretary.
The secretary, if it is a legal person, must have a registered office in Hong Kong; or if the person must reside permanently in Hong Kong after Get Started HK. The sole director of a private company cannot be the company secretary.
How do I appoint a Hong Kong company secretary?
Directors can appoint, change or remove the company secretary. Getting started Hong Kong has a special set of chartered secretaries, accredited by the Hong Kong Institute of Certified Public Accountants (HKICS) and Certified Public Accountants (CPA).
Our team is very focused on business. We have undertaken a number of tasks that are vital to the smooth operation of your limited liability company. We ensure that your business complies with the laws, rules, and regulations of Hong Kong businesses.
If you want to transfer to our company secretariat, the process is simple and straightforward.
There are three steps.
- · Sign and scan the written authorization.
- · We will contact your current secretary to collect your company records.
- · The appointment can be completed in as little as 3 working days.
The benefits of having a Hong Kong company secretary:
There are many reasons why it is important to have a Hong Kong company secretary.
This is actually one of the mandatory provisions of the Companies Ordinance. So if you want to register a company and Get Started HK, you have no choice but to choose a company secretary. Unless the company appoints a qualified company secretary, it cannot be listed on the stock exchange.
Hong Kong company secretary also contributed to the company’s development, sustainable development and hong kong company registration. Specifically, choosing a company secretary has several important advantages:
Company representative:
When the Hong Kong government wants to contact the company, the secretary acts as a bridge between the government and the company, whether it is to solve commercial legal issues, clarifications or other difficult issues The secretary will answer that all these company account books are kept under the authorization of the company secretary, who is responsible for maintaining and updating the company account books, including records of directors and shareholders.
The company secretary is also responsible for overseeing the preparation and distribution of company accounts and reports to shareholders and partners. Please note that even if the company wants to liquidate, the company secretary will supervise the entire process from start to finish.
The company secretary ensures that your company complies with the business rules:
There are special rules and regulations for doing business in Hong Kong. In order to better comply with a local company, tax and financial obligations, as well as to understand and comply with the law, it is necessary: the company secretary will be of great help to the company.
The relationship between the company and the Hong Kong government and the company secretary is the bridge between the company and the Hong Kong government. Therefore, he/she is responsible for liaising with various government regulatory agencies, such as the Registrar of Companies, the Treasury, the Hong Kong Stock Exchange, Hong Kong Securities and Futures, etc.
- In Hong Kong, according to the Companies Ordinance, all limited liability companies must appoint a company secretary.
- Although the company secretary plays a vital role in ensuring the normal operation and management of the company.
- In addition to working closely with company directors and shareholders, the company secretary will also cooperate with various government and regulatory agencies to fulfil the company’s legal obligations.
- Freetech Global Limited is committed to helping companies alleviate their concerns through the Hong Kong Company Law
Hong Kong company secretarial services:
In order to comply with the company’s legal obligations, the Hong Kong company secretary is responsible for the following function statement. Companies that are to be included in the business register Or the resolutions and forms required when the personal structure changes.
- Prepare the agenda of the general meeting of the board of directors
- Prepare the general meeting of shareholders
- Provide assistant services to provide professional guidance and advice Relevant laws and regulations
- Ensure that the company complies with relevant laws and regulations
- Continue to review good corporate governance practices Changes in order to advise the directors.
What is a good company secretary?
The most important thing is that your company secretary needs to understand the process, background and company policies to ensure that your company always abides by the rules of Hong Kong.
The company directors rely solely on the company secretary to determine internal compliance issues and propose solutions. Therefore, it is not recommended to hire inexperienced friends or board members for this position.
In addition, when Get Started HK, Hong Kong’s general accounting standards include the treatment of accounts receivable; bookkeeping: general, creditors, fixed assets; preparation of budgets, annual accounts and bank reconciliation; monthly, quarterly or annual; timely reporting to the company Report of the board of directors.
