Significant Controllers Registers (SCR)
Regarding the significant controllers register, On 1 March 2018, the Companies Registry has commenced Amendment Ordinance and introduces new requirements on the keeping of significant controllers registers by companies.
It is to enhance the transparency of corporate beneficial ownership in order to fulfill Hong Kong’s international obligations and require a company incorporated in Hong Kong to obtain and maintain up-to-date beneficial ownership information by way of keeping a Significant Controllers Register (SCR).
Under the new requirements for SCR, the company incorporated in Hong Kong is required:
- To identify persons who have significant control over the company and
- To maintain a significant controller, register to be accessible by law enforcement officers.
Also, the major obligations of the company included:
- Identifying significant controllers
- Allowing inspection by law enforcement officer
- Giving notices to significant controllers & others
- Updating information in the register
- Entering particulars in the register
For the SCR, who is the significant controllers of the company?
A significant controller including:
- A registrable person who is a natural person
- A registrable legal entity which is a shareholder of the company that has significant control over the company.
A person has significant control over a company if one or more of the following conditionals are met and generally, it will be depended on the person’s shareholding or whether have a right to exercise or significant influence or control over the company. Here you can see that the 5 nature of significant controllers: –
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, a right to share in more than 25% of the capital or profits of the company.
b) The person holds, directly or indirectly, more than 25% of the voting rights of the company.
c) The person holds, directly or indirectly, the right to appoint or remove a majority of the board of directors of the company;
d) The person has the right to exercise, or actually exercises, significant influence or control over the company.
e) 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
To maintain the proper information on the SCR:
– The company must keep its SCR in English or Chinese,
– Also, the information of required particular, date of becoming a significant controller and nature of control over the company of every significant controller of the company, the particular shall required of each Significant Controller’s name, and the registrable person’s correspondence address and identity card or passport number and issuing country OR, the registrable legal entity, legal form, registrable number,place of incorporation and registered address
– update the register if any change of particular
– The name and contact details of at least one designated representative to provide assistance relating to the company’s SCR to a law enforcement officer.
[Hong Kong] General Statutory Filing Requirement >>
[Hong Kong] Bank Account Opening >>
We are regularly holding webinars. To make the dream of starting your overseas business come true with us.
Premia TNC YouTube >>
Premiatnc
Related Posts
베트남 이커머스 시장 진출을 위한, 한국인 투자자의 베트남 탐방기!
베트남 이커머스 시장 투자, 지금이 기회입니다! 한국 홈쇼핑 기업의 성공 사례를 통해 본 베트남 이커머스 시장의 성장 가능성과 진출 전략을 알아보세요. Shopee, TikTok Shop 등 플랫폼 활용부터 법인 설립, 라이브 커머스까지 실전 팁 제공!
두바이 사업자등록증(Trade License)의 종류
두바이는 다양한 비즈니스 활동을 지원하는 자유무역지대를 보유하고 있어 수많은 스타트업과 기업가들을 끌어들이고 있습니다. 또한 정부는 사업 설립 절차를 간소화하여 창업자가 일주일 내에 비즈니스를 운영할 수 있도록 지원하고 있습니다.
이러한 절차를 원활하게 진행하려면 외국인 투자자 및 사업자는 전문 비즈니스 컨설턴트의 도움을 받는 것이 중요합니다. 전문가들은 법적 절차에 대한 깊은 이해를 바탕으로 비즈니스 등록을 신속하고 원활하게 마칠 수 있도록 지원합니다.
Shopee Summit 2025 요약: 동남아 이커머스, 이제 ‘어디에 팔까’보다 ‘어디서 운영할까’가 중요하다
2025년 3월 24일, 싱가포르에서는 동남아 전자상거래 시장의 미래를 가늠할 수 있는 대형 이커머스 행사인 Shopee Brands Summit 2025가 성황리에 개최되었습니다.
비즈니스 / 컨설팅 문의하기
비즈니스 / 컨설팅 문의하기
