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Limited by Guarantee (NPO)
Limited by Guarantee (NPO)

Type: Limited by Guarantee (NPO)
   
Time Required: 1.5 month Working days
   
Service Includes: – Company name search
  – Provide Sample Articles of Association (“A&A”)
  – Prepare and submit appointment of directors, company secretary, founder members and related documents
  – Collect Certificate of Incorporation (“CI”)
  – Collect Business Registration Certificate (“BR”)
  – Provide certified true copy document
  – Deluxe green box set:
    Include: A&A, statutory book, share certificates book, common seal, signature chop and round chop
   
Company Secretary: – Act as company secretary of the company
  – Prepare and submit Annual Return
  – Prepare forms and documents for the following circumstances:
    Appointment, resignation or changes of particulars of directors and company secretary;
    Change of registered office address;
    Change of company name;
   
Designated Representative: – Act as designated representative of the company
  – Prepare Significant Controllers Register
  – Keeping of Significant Controllers Register

Company Incorporation – Limited by Guarantee (Non-Profit Organisation)

In general, company limited by guarantee is set up for the promotion or advancement of some specified interest, for examples, trade associations, clubs, educational or religious institutions, and charitable organisations and foundations, etc. Institutes formed by this structure are not for profit-marking and may be charitable also. If an institute would like to become a charity, it must be established for purposes which are exclusively charitable according to the law.

For Institute which fit for the following purpose, we can help them to apply Approved Charitable Institute (“ACI”):

  • Relief of poverty
  • Advancement of education
  • Advancement of religion
  • Other purpose of a charitable nature beneficial to the community not falling under any of the preceding heads

The Advantages for being “ACI”

  • Exempted from Business Registration Fees and Levy;
  • Exempted from Profits Tax, if

1.    the profits are applied solely for charitable purposes, and

2.    the profits are not expended substantially outside Hong Kong, and

3.    either (a) the trade or business is exercised in the course of the actual carrying out of the expressed objects of the institution or trust (for example, a religious body might sell religious tracts); or (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 (for example, a society for the protection of the blind might arrange for the sale of handicraft work made by the blind).

Upon your request, our consultant will assist you to the design of organisational structure and objectives. Base on your needs we will tailor-made your Articles of Association (“A&A”) for your institute. Once the A&A is approved, the registration of institute will take around 1.5 month to complete. If the Institute would like to apply for ACI recognition as well, additional 9 - 12 months will be required.

Apart from this, we can also assist ACI to apply license to dispense with the word “Limited” in the name of the institute.