HK Company Limited by Guarantee & NGO/Charitable
Institution
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With hkcompanies.com, you get full registration services
in company formation or creating your business. Why still
looking around to non-professions to register your company.
We are FCCA staff.
(A) Incorporation of company limited by guarantee
Hong Kong company limited by guarantee is mainly established
for the purposes of enhancement of education / training
(like association or society), religion, relief of poverty,
environmental protection, trust and foundation, and betterment
for the community. Most companies fallen into this type
is not for profit. Please note that it may not be a charitable
institution, a group of members may form this type of
company for pursuing their interests for or not for profit.
The basic and minimum structure of a Hong Kong company
limited by guarantee is having at least 2 members, 2 directors
and 1 company secretary. The address of the registered
office and secretary must be in Hong Kong. The company
is obliged to file Annual Return annually with the audited
accounts.
(B) Incorporate Approved Charitable Institution ("ACI")
Generally speaking, for an institution or a trust to be
a charity, it must be established for purposes which are
exclusively charitable according to law. If the objectives
of the company is not-for-profit and for charities etc..,
we may assist for in the application for approved charitable
institution (¡§ACI¡¨) and incorporate the
company for such purpose.
Charitable purposes are :-
- relief of poverty;
- advancement of education;
- advancement of religion; and
- other purposes of a charitable nature beneficial
to the community not falling under any of the preceding
heads.
Some Tax Advantages to ACI :-
- exempted from tax;
- exempted from profts tax, if it carries on a trade
or business. If (i) the profits are applied solely
for charitable purposes, and (ii) the profits are
not expended substantially outside Hong Kong, and
either (iii-a)
the trade or business is exercised in the course of
the actual carrying out of the expressed objects of
the institution or trust; or (iii-b) the work in connection
with the trade or business is mainly carried on by
persons for whose benefit such institution or trust
is established
- exempted from paying business registration fee
unless a trade or business is carried on
(C) Application for Approved Charitable Institution
If you have your existing Hong Kong company, with not-for-profit
motive, and consider it as non-profit-organisation ("NPO").
You would like to apply for approved charitable institution,
we may assist the application. During the process, client
is required to amend / modify the memorandum and articles
of association (M&As) to fit such purposes. We will
prepare the documents and assist the application.
(D) Dispense "Limited" after company name
If you want to dispense to use "Limited" after
the company / organisation name, we may assist in this
application. It is normally for organisations like association,
society, education, foundation, charitable fund, church
and religious mission etc... The process takes over 3
months for existing ACI and over 12 months if application
is with incorporation at the same time.
| Fee
Schedule (HK$) |
A
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B
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C
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| Incorporation
/ Company Formation |
$7,600
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$7,600
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n/a
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Typesetting/printing
M&As
(if >10 pgs, @ HK$60 / Font-11, A4 pg) |
$1,200
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$1,200
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n/a
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Business
Registration fee
(subject to government refund) |
$2,250
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$2,250
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n/a
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| ACI
Application |
n/a
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$2,000
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n/a
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| ACI
Application & amend/reprint M&As |
n/a
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n/a
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$10,000
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| Courier, delivery & misc. |
$450
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$950
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$1,000
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| Total
(HK Client) |
$11,500
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$14,000
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$11,000
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- Above
fees DO NOT applicable to application / incorporation
of club or chamber of commerce.
- Government fees
(Services fees) are subject to change as announced
(as reviewed regularly).
-
Above fees include government fees for a maximum
of 25 members in the company (if for Option
A or B), add HK$1,500 if more than 25 members.
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For overseas client: please add HK$300 T/T bank
charges and HK$600 overseas courier; if selecting
Option B or C, please add HK$2,000 courier fee;
if using our Company Secretarial / Registered
Office services, please add HK$1,300 air postage.
- All fees paid are NON-REFUNDABLE, NOT PRO-RATED,
NON-TRANSFERRABLE upon termination in any circumstances.
- We are NOT
responsible for the success of the application
for approved charity institution
- Other
conditions apply, please ask for separate fee
schedule for details.
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We will guide you throughout the process. For you, it's
simple - fill in our "Incorporate Order" - and
we will follow up and contact you for details. - Incorporate
Now!
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