How To Register A Nonprofit Organization In Hong Kong

The company registration process includes a few basic steps among which picking up an available name for the future non profit organization drawing up the company s articles of association and appointing the.

How to register a nonprofit organization in hong kong. 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. 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 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. 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.

Similair to a private company a non profit organization has a board of directors members individuals or corporations and a local secretary. In order to set up a non profit organization in hong kong business owners don t require a share capital. 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. Survivors of torture human trafficking and forced labour as well as refugees and other people seeking protection. We envision a community where everyone serves to meet social needs.

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. The legal status of a charity of hong kong will be that of a limited liability company should the investor choose to set up a company for charitable purposes instead of a fund. 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. 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. An organization depending on its object nature and operation may decide to register under any appropriate ordinance.

Justice centre hong kong this nonprofit human rights organisation works fearlessly to protect the rights of hong kong s most vulnerable forced migrants. According to the societies ordinance cap. Why more and more people opt for non profit organizations.