T K Lo & Co

Hong Kong CPA Firm


Company   Tax   Account   Audit
             
News   News   News   News
Circular   Circular   Circular   Circular
Fee   Practice   Standard   Quality A
Consult   Advice   Outsourcing   Oversee




Company - Circular


Circular Date: 19 March 2018

 Dear Client:

 Re: Recurrent Service Client

         Keep-In-Touch & Keep-Us-Posted (KIT-KUP) Condition

 In providing recurrent services, we are required to maintain good liaison with each client and significant natural persons in ownership or management. The regulations demand us able to contact and get reply from our client within 48 hours upon the request of governing authority, any failure deems to be a breach to our professional service provider duties and we may be penalized. We therefore have a KIT-KUP condition in the provision of recurrent services, including

l   Company Secretary

l   Registered Office

l   Designated Representative

l   Correspondence Address

l   Offshore Company Agent

l   Safe Custody of Statute Registers

l   Nominee Services

l   Company formation

 The client or the relevant natural persons are expected to provide us the following communication information and to keep us posted of any changes.

l   Postal address

l   Mobile phone number

l   E-mail address

l   Telephone number

 If we failed to contact and get feedback for any important enquiry from a client or the relevant natural persons three times within one year, we may terminate or suspend our service and report the same to the governing authority concerned.

 


Change in Shareholding can be aschieved by Transfer, Allotment or other methods.

Formation of Limited Company can buy a Tailor-made company or a Ready-made company.
Every Year, each Hong Kong limited company needs to discharge some renewal and reporting matters, including registrations, tax, accounting, etc.

A Sample Annual Cost is for reference of what expenditure would be incurred every year by a Hong Kong limited company.

Maintaining a Registered Office in Hong Kong as address and keeping some legal records is a requirement to each Hong Kong company. In providing this service, we shall also handle mail redirection for clients.
Companies of clients and our afflicates now using our address as Registered Office or Postal Address is per Attached List.


Company Secretary is an officer of Hong Kong company. This officer must be a Hong Kong resident or a Hong Kong company for the purposes of communication or contact in Hong Kong representing the Hong Kong company.





Nominee services from bankers are very common in handling listed shares investment to get rid of the troublesome of collection of dividend, custody of share certificates, etc. Nominee Services are also useful and available to private company's shareholders for their easy handling of ownership in private business.

CDD is required for implementation of AML and CFT procedures, and it is helpful for our advising and certification of client's information, e.g. open bank accounts, license or visa application, and our assisting to develop and exam operational manual. KIT-KUP condition for all our recurrent services