Globalserve – Cyprus Company Formation – бизнес на кипре
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With the commencement of the Companies (Amendment) Ordinance 2018 on 1 March 2018, the Hong Kong companies will be required to keep registers of significant controllers.

Under the new regulations, all Hong Kong companies are required to identify a person/persons who has/have significant control over the company and maintain a Significant Controllers Register (SCR) which will be accessible by law enforcement officers upon demand. 

Also, each company must designate at least one person as its representative to provide assistance relating to SCR of the company to law enforcement officers. According to the Ordinance, this Designated Representative must reside in Hong Kong. The registered agent can act as the Designated Representative and the provision fee per annum is €400.

In order to comply with the Ordinance, we need to complete and sign a relevant form for each Hong Kong company and provide certified copies of the valid identification documents and proof of address of the relevant persons. The deadline to file the SCR is 31 March 2018. Please contact us before that date in order to have adequate time for the preparation and filing of the SCR.

If a company fails to prepare the SCR and provide a Designated Representative, it will commit criminal offence. The company and every responsible person of the company are liable to fine at HK$25,000 plus further daily fine of HK$700.

For further information and clarification please contact Mrs. Georgia Papadopoulou at [email protected]

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