Chartered secretaries or hong kong institute of chartered secretaries hkics chinese. We also share information about your use of our site. As with all board meetings, youll need to produce minutes of the first directors meeting so weve created a handy free template set of minutes that. I would like recommendations, please, for something which is easy to learn and use as well as being very effective and and at a reasonable price. Company secretary service for hong kong global from asia. We also use xero for our own accounts, invoicing etc. The director of the company called us personally to discuss our company goals, the company registration process, and the corporate bank account opening procedure, offering suggestions and guidance along the way. The company secretary is responsible for arranging meetings, preparing minutes of meetings of the company, maintaining. Jeanne bonzon, director of learning and development, bjc healthcare. Our team of experts can provide you with complete secretary services for your company in hong kong. If all the shareholders or directors are not residents of hong kong, then the company secretary must be a person usually resides in hong. Record a range of information about the company so its all in one place and keep track of meeting dates.
Our products have been designed by industry experts and provide a costeffective and complete document management system for smalltomedium businesses. It is the most efficient place in the world for incorporating a company. From its date of inception, this company secretary is the person who is taken as the spokesperson of that company dealing with various accounting details. Hong kong, you must be a hong kong resident aged 18 or above, or a hong kong incorporated company, or an overseas incorporated company registered in hong kong as a nonhong kong company.
If your company has only one director, the sole director cannot take the position of the company secretary at. Secretary 2000 secretary 2000 is an advanced and professional windowbased software application designed for company secretary industries to systematically and effectively handle, manage and maintain the corporate companys profiles and statutory status. Diligent boards is the worlds leading solution to securely create, distribute, and collaborate on board meeting books and materials. Volody secretarial automation software is must for company secretaries in practice, if you are running a company or are a practicing company secretary, you will need a secretarial automation software to manage corporate records, company filing, documentation and compliance. Talent management software solutions saba software. The morgan mckinley 2020 salary guide outlines salaries for professionals in hong kong, as well as the most indemand skills and prominent market trends. Cas is used by more than 2,600 organisations, in 12 countries, supporting 27 corporate jurisdictions preparing over 600 company forms and compliance. Standard chart of accounts sample coa the strategic cfo. For some company secretarial services we need to know a little about the company first though so if youd like a quote for particular work, please do get in touch and well always be happy to help. Discuss the circumstances of information disclosure under statutory and. We use digita software and like it generally and have no plans to change. Company secretary appointing a company secretary is mandatory.
Hong kong has lured foreign investors with its taxfriendly policies, trade policies, free market, free business environment, easy company incorporation procedure and excellent infrastructure. Therefore, opening a limited company is simple, fast and cheap the government requires a fee of 1,730 hkd for the company registration and a fee of 250 hkd for the business registration certificate. Brilliant company secretarial software by nick banks of scrutton bland. The guide provides a comprehensive mix of commentary, specimen minutes, and resolutions as well as full reproduction of prescribed forms, and selected. Company secretary roles, duties and responsibilities. Discover sheer driving pleasure with bmw premium selection preowned vehicles together with a longterm warranty. Cgv b410 corporate administration and secretarial practice is designed to build upon the. Fastcorp was instrumental in our company registration and successful corporate bank account opening in singapore. Our clever company secretary software alerts you to fraud and files to companies house in a few clicks. The main idea is there are 4 ways to incorporate a hong kong company. I am considering buying company secretarial software. Company secretarial services jumpstart business centre.
He must promote a culture of openness and debate and is responsible for effective communication with shareholders but note the role of the senior independent director as well. Hong kong mpf contribution rules and regulations mandatory provident fund mpf are compulsory retirement schemes pension funds that are created by the hong kong government and are provided by approved private organisations. Although basic on the surface, the features of admidio range from membership list creation and management to integration with online postings and advertising. If you need some assistance in understanding how to write reports, ask for a copy of a report that was submitted in the past and use it as a template. Csa, the company secretarial software since 1990, represents a solution for company secretarial professionals in their everyday dealing with the stringent and. Jul 28, 2017 admidio is a basic open source management software available on sourceforge that focuses on general management, and that can be applied to membership and event management. In case of a sole directorshareholder, the same person cannot act as the company secretary. Diligent company secretary software is trusted by over 450,000 board members and executives to run more effective board meetings. A registered hong kong office address we also provide this service. All of those things coming together in one place is very cool.
Even more exciting is the fact that 3e accounting can help you register your new business in hong kong in worryfree and hasslefree manner. Software for the company secretary and the benefits diligent. They are not a shareholder or director, but they can assist you with interfacing with the hong kong government. If you have staff or clients in hong kong, you will need to pay 16. The inform direct team are always on hand with excellent support. Comsecsoft is one of hong kong s leading providers of company secretarial software. Status and eligibility the company secretary is an officer of the company. Inform direct makes it really easy to keep on top of filing deadlines for one or many companies. You cannot be the company secretary of your own company, it must be a local hong kong person or a hong kong company. Hong kong has been an international finance and business centre. Csa utilizes the most advanced information technologies to achieve various objectives. You are then given a choice to proceed on your own, or we can handle procedures for an additional fee which will depend on the complexity of the task. Visit payscale to research executive secretary salaries by city, experience, skill, employer and more. Responsibilities of a company secretary for a hk limited.
Company secretary business centre onestop business. Frequently asked questions about setting up a hong kong. One shareholder one director a company secretary a registered office address in hong kong auditors a business registration certificate the same person can be the secretary, director and shareholder of a company, except that the sole. Ask the committee members for help or ask for a mentor.
These clients also invest over 53% of their it budget on growth and innovation versus maintenance, which is 2. Please feel free to discuss with us on how to effect the change from your current company secretary to kaizen corporate services limited. The hong kong management association is a nonprofitmaking organization which aims to be the leading professional organization advancing management excellence in hong kong and the region. If a company has only one director, that sole director may not also be the company secretary. You will find here the latest institute news, membership and studentship updates, upcoming events, submissions and publications. John was a previous sole shareholder and director of a small company in hong kong selling computer software.
Temenos software is proven to enable its topperforming clients to achieve industryleading costincome ratios of 26. Read more inform direct makes it easy for accountants and business owners to manage the records of over 150,000 companies. A company secretary is a legal position in a private or public company. Vast majority of content in this topic applies to forprofits and nonprofits.
Being appointed as company secretary implies responsibility, but it also includes timely reminders as to what needs to be done to keep your company updated. Maples and calder, the maples groups law firm, is pleased to announce that it has achieved the highest rankings in the legal 500 caribbean 2020. The secretary 2000 is an advanced and professional windowbased software application designed for secretarial firms company secretary to systematically and effectively handle, manage the corporate companys profiles and statutory status. Corporate secretarial service, from corporate secretarial service providers. Jul 09, 2019 the issue of whether holding both roles reduces the effectiveness of the board is a hot topic and often rears its head at shareholder meetings.
With saba weve got the skills linking to learning, performance, succession and talent management. Supporting your business entities throughout their lifecycles ensuring compliance with a host of local statutory company secretarial obligations is a timeconsuming exercise, especially if you have companies registered in a number of different jurisdictions. This sample should be customized to the particular culture and purpose of the organization. Cas hong kong is the worlds leading corporate compliance software. Although there are no qualification requirements for private company, a company secretary must be either a hong kong resident or a hong kong registered company. Jun 18, 2015 top 10 qualities of a great secretary. Under the hong kong companies ordinance, a company in hong kong is required to appoint at least one director who is a natural person, as well as a company secretary. Csmart is a company secretarial software also known as roc software solution that makes your life easy. Reminder to company secretaries of private companies.
Every hong kong company must appoint at least a company secretary, who must be a hong kong resident or a hong kong limited company. Oct 10, 2019 even if youve never written a board report before, its easy enough to learn how to do it. Is there a good stand alone company secretarial software. Our detailed salary tables allow job seekers to recognise their worth by benchmarking their current remuneration against industry standards. Its best to do this within a month of the formation of the company. David has just returned to hong kong after graduating from high school in canada. Corporate administration and secretarial practice ouhk.
We only have about 25 clients which we would use it for. Jul 24, 2019 the company secretary is required which must be a local hong kong person id holder or a registered hk company. Company secretary service hong kong formation of hk company. Company secretary is one of the key positions of a company and is highly responsible one. How to open a company in hong kong as a foreigner in 2020. Prosec is a premium piece of company secretarial software that works in harmony with microsoft word to handle all of your business needs. There are good reasons to separate the two positions. This guide is a company formation 101 and will explain the benefits and disadvantages of incorporating, lay out the various options you have to officially form a business in the united states, and give you a few easy first steps.
Companies registry information on new hk companies ordinance. As an intelligent document management system, prosec not only performs the task of an expertly trained secretary at a fraction of the cost, but produces documents and reports for all aspects of your business. Assistant company secretary hk listed company michael. Distancelearning certificate course on the new executive secretary course. Used by over 2,600 organisations, preparing over 600 forms and compliance documents. While i was there i asked the question about submitting a ltd company account to the tax office.
Incorporate company registration in hong kong, incorporation. It eases the workload of a company professional and saves time and money. Mpfs are a key aspect in the management of a hong kong company and its staff. Hong kong company that will file an offshore claim. Michael page is hiring assistant company secretary hk listed company in admiralty apply now on jobable. Company secretary hong kong services executive solutions ltd. Record a range of information about the company so its all in one place and keep track. Employee responsible for daily company operations to enhance group discussions keep groups to 6 students as there may be more than one group for each role.
It is a platform to provide quick answers in relation to the company secretarial practice both in listed or private companies. Vp business centre is a business centre providing a full range of services covering virtually all the needs of office users including virtual office, incorporation of companies, accounting, corporate background check, process. This guide gives an overview of the legislation which, from 30 june 2016, allows a private company to choose to send information usually kept in certain statutory registers to the registrar of. Change of company secretary of your hong kong company. Company secretary services hk secretarial services hong kong.
Fastlane provides company formation, xero accounting, auditing and hr advisory for. Why does a business need corporate secretarial services in hong kong. Nov 28, 2019 the pros of opening a company in hong kong. The joy of saba, is that connectedness of the talent platform. Incorporate company registration in hong kong, how to register a business in. Bgl cas hong kong corporate compliance software solution. Csa, the company secretarial software since 1990, represents a solution for company secretarial professionals in their everyday dealing with the stringent and everchanging requirements imposed by corporate laws, regulations and different practices in various jurisdictions. What to include in your first board meeting minutes.
How to write a report to the board of directors boardeffect. The role of the board, chairman and nonexecutive directors. Maples group maintains leading position in 2020 chambers asia pacific. Hope that clears the air on what a company secretary can do for you in your hong kong company. Incorporate company registration in hong kong, how to register a business in hong kong, incorporation of company, accounting services and company secretary 3e accounting limited.
You must use word processing software such as microsoft word to prepare the. The software saves me so much time as i juggle the demands of diverse client base. Our hong kong company formation specialists are experienced in dealing with any matter related to company formation, company dissolution or company management in hong kong. The chief operating officer coo is tasked with the daytoday administration and operation of the business. The company secretary is responsible for the efficient administration of a company, particularly with regard to ensuring compliance with statutory and regulatory.
You dont have to worry about experiencing difficulty setting up your business in hong kong and company registration in hong kong, because. Basically, the secretary can act on your behalf for some of the company updates, but youre ultimately responsible. He is currently 17 and will reach the age of 18 years in five months. Comsecsoft is one of hong kongs leading providers of company secretarial software. Corporate secretarial services in hong kong business. He or she act as bridge of the employees and employers and maintain secrecy of the company. As a hong kong limited, you must have a company secretary to keep your company in good standing. Welcome to the hkics website, our online platform for promoting corporate governance and the chartered secretary profession.
Company secretary services incorporate company registration. The maples group is pleased to announce that they have retained their band 1 ranking in the offshore category of the asia pacific. Mar 05, 2020 once your company has been incorporated, you should hold a board meeting with the directors of the new limited company. At least one company secretary only a company incorporated in hong kong or permanent hk resident or can act for the position of company secretary. Oct 29, 2018 elirob ltd company is a new established company with a startup capital of 1. Hong kong is asias regional business hub and boasts an energetic and international service sector. Starting a business in a bustling, international city like hong kong is an exciting prospect for any entrepreneur. The hong kong laws require that each limited company incorporated in hong kong must appoint at least one company secretary. For individuals who would like to relocate to hong kong in order to better manage the company business, we can guide and assist you in applying for the appropriate entry visa to hong kong. Company secretarial services compliance and governance. Company secretarial software digita company secretarial. It can powerfully integrate, compile, analyze, transfer and display data into practical statutory forms, resolutions and documents in a. Company secretary is called corporate secretary in some places and hold same position of company secretary.
Professional and affordable company secretarial software. In this blog, we will introduce the key roles and responsibilities of a company director, which will apply to most companies. Each group will nominate a secretary, who is responsible to jot down discussions, and a presenter. The following sample agenda represents typical format and content of a board meeting minutes report. However, johns trading company was liquidated last year due to insolvency. Company secretarial software, like the diligents board meeting. We use cookies to personalise content and ads, to provide social media features and to analyse our traffic. Welcome to the hkics website, our online platform for promoting corporate governance, the chartered secretary and chartered governance profession. Secretary 2000 company secretary software secretarial. You will find here the latest institute news, membership and studentship updates, upcoming events, submissions and publications, together with updates from. Access everything about bmw latest offerings including price lists, ecatalogues, owners video guide and more experience the world of bmw at our events. We help our clients deal with registration, maintenance, administration and corporate governance matters concerning their corporate. The company secretary is responsible for the efficient administration of a company, particularly with regard.
And youll need a hong kong office address service provider if you dont have one, or want the government mail to directly go to the cpa firm you work with. Integrate data from multiple business units like legal, tax, finance, treasury and compliance in a single system of record. Company secretarial services hong kong, professional or. If you are a company secretary, a chartered accountant or a cost accountant offering company secretarial services you have come to the right place. As per norms placed by hong kong companies ordinance, every company both in the private and public domain registered in hong kong has to have a company secretary. Hong kong including stock price, stock chart, company news, key statistics, fundamentals and company profile. A company secretary is a senior position in a private sector company or public sector organisation. Incorporation of company, accounting services and company secretary 3e. Discover exceptional offers on our exciting range of bmws. Dec 11, 2017 for a company to run smoothly and effectively it is vital that a person filling either role understands their responsibilities and rights. Diligent entities helps organizations centralize, manage and effectively structure their corporate record to improve entity governance to better ensure compliance, mitigate risk and improve decision making.
Most notably, the companies act 2014 retained the need for a company secretary in both private and public companies. Vp business centre is located at the heart of hong kong, right above the central mtr station exit b. The chairman leads the board, sets its agenda and ensures it is an effective working group at the head of the company. So unless you can create the account yourself manually or via some software, otherwise you will need an accountants service. Hong kong is, along with singapore, the most liberal economy in the world. Rm1,000 preparation and submission of annual return to ssm for private limited company included ssm filing fee. There is no requirement for board meetings to be held in hong kong and directors may. Hk has issued a profit warning, expecting to record a decrease of approximately 80% in profit attributable to owners of the company for the year ended 31 march 2020, as. The responsibilities of the modern day company secretary have evolved from that of a note taker at board meetings or administrative servant of the board to one which encompasses a much broader role of acting as board advisor and having. Cas is used by more than 2,600 organisations, in 12 countries, supporting 27 corporate jurisdictions preparing over 600 company forms and compliance documents. As per the companies ordinance of the laws of hong kong, a limited company incorporated in hong kong is required to mandatorily appoint a company secretary, to carry out the legal liabilities of the company, which includes declaration of an appropriate organizational structure, coming up with the agenda of company. For an accountancy practice like mine, managing the company secretarial requirements of over hundred clients, inform direct is the perfect solution. Puts the bosss and company s best foot forward since heshe is most likely be in contact with clients before the boss.
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