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Significant Controllers Register

Significant Controllers Register

Regarding to the new requirements on the Companies (Amendment) Ordinance 2018, effective from 1st March 2018, all Hong Kong companies are required to identify person(s)/entities with significant control over the company and keep a Significant Controllers Register to be accessible by law enforcement officers.

Your company is required to keep a Significant Controllers Register (“SCR”) at either the company registered office or a place in Hong Kong (with notice to the Registrar of Companies). Failure to comply with the requirement of keeping a SCR, the company and each of its responsible persons will be liable on conviction to a fine up to HK$25,000 and a daily fine of HK$700.

A person/entity has significant control over a company if one or more of the following 5 conditions are met:
  • a. The person holds, directly or indirectly, more than 25% of the issued shares in the company or, if the company does not have a share capital, the person holds, directly or indirectly,
  • b. right to share in more than 25% of the capital or profits of the company;
  • c. The person holds, directly or indirectly, more than 25% of the voting rights of the company;
  • d. The person holds, directly or indirectly, the right to appoint or remove a majority of the board of directors of the company;
  • e. The person has the right to exercise, or actually exercises, significant influence or control over the company;
  • f. The person has the right to exercise, or actually exercises, significant influence or control over the activities of a trust or a firm that is not a legal person, but whose trustees or members satisfy any of the first four conditions in relation to the company.

A full details can be founded at HK Companies Registry Official Page -Significant Controllers Register

To assist your company in complying with the New Ordinance, we are providing the SCR Registration Service- at HK$1,000/year , which includes the creation and maintenance of the SCR to the legal enforcement authorities.

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If you need further advise about how to issue new shares, talk to our company formation consultant to get a free consultation, or to arrange a meeting, please call us at +852 2153 6500 or email us at info@kpc-hk.com.

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