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Hong Kong Nominee Services

Startupr
22 September, 2016

The most common reason, why Hong Kong limited companies are considering appointing nominee shareholders and directors is, that all information of such companies are made public and entities want to protect the identity of the actual directors and shareholders of the companies.

There are several professional service providers in Hong Kong, however selecting the right provider is a difficult task. A nominee contract should be entered into in order to protect the ultimate beneficiary’s right to company assets and distribution of income. Such contract may contain the following:

  • The nominee is not liable for business activities of the company
  • The nominee is not allowed to sign any contracts
  • The beneficial owner can dismiss the nominee anytime

Nominee Director

Every Hong Kong company is required to have at least one individual director. By appointing a nominee director the enterprise will ensure that the personal information (e.g. name, address, passport number, etc.) will be kept hidden and that it cannot be searched by public.

Nominee Shareholder

Appointing a nominee shareholder and a nominee director usually go hand in hand. It is recommended to make a Declaration of Trust to protect the actual shareholder’s rights.

Company bank account

When opening a corporate bank account, every bank will request the name of the ultimate beneficial owners. Furthermore, the beneficial owner(s), nominee director(s) and shareholder(s) must attend the introductory meeting with the bank.



About the Author


Startupr

Startupr puts you first. This is why our main focus is Startups with global ambitions. We give you the freedom to build your business while we take care of the tedious, administrative tasks, leaving you to concentrate on your dream for your company. As part of our brilliant service, our back end software will automatically send you reminders of important annual filings, and upload your important document to your online account. startupr.hk

 

 

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