How To Register A Nonprofit Organization In Hong Kong

Similair to a private company a non profit organization has a board of directors members individuals or corporations and a local secretary.

How to register a nonprofit organization in hong kong. Many charities and non profit organizations opt for incorporation of a hong kong limited company as vehicle of their organization under the companies ordinance regulated by the companies registry. The main reason to form a limited company is to protect the people running the community projects or charity from personally liable to the debts and legal responsibilities. According to the societies ordinance cap. Handson hong kong hohk is a registered charity whose mission is to empower everyone in hong kong to volunteer. We envision a community where everyone serves to meet social needs.

Most non profit organizations and charities in hong kong opt for incorporation of a hong kong limited company as a vehicle of their organization under the companies ordinance. Founded in 2007 the organization develops service programs to help local under served non profit organizations and connects them with the volunteer manpower they need to achieve their mission. The entity follows the usual steps to register a company limited by guarantee instead of limited by shares as there is no capital involved. An organization depending on its object nature and operation may decide to register under any appropriate ordinance. The goal of any nonprofit organization is to offer knowledge services or research to benefit the broader community or general public using the majority of the organization s funds.

151 laws of hong kong any organization established in hong kong may register as a society under the societies ordinance except those that have been registered under other ordinances. Company registration in hong kong is an easy and quick process and it also applies to non profit organizations and foundations. Survivors of torture human trafficking and forced labour as well as refugees and other people seeking protection. In order to set up a non profit organization in hong kong business owners don t require a share capital. Why more and more people opt for non profit organizations.

The rationale behind this trend is to form a limited liability company in hong kong to protect the business people operating charitable or community projects from future liabilities debts and legal risks of the. A search tool for donors and charities used to find registered or revoked charities and their annual information returns which include finances and activities. However as per the regulations to register a non profit organization in hong kong companies need to file the annual returns accompanies with the certified true copies of the relevant financial statements directors reports and auditor s report in respect of every financial year.