Bestar Hong Kong Reply Register a New Company Limited by Guarantee Hong Kong Inquiry
- a22162
- 17 hours ago
- 4 min read
Subject: Start Your Non-Profit Journey: Expert Hong Kong Company Limited by Guarantee Registration with Bestar
Dear Client,
Thank you for your inquiry regarding the registration of a Company Limited by Guarantee (CLG) in Hong Kong. This structure is the ideal choice for non-profit organizations, charities, and associations in Hong Kong, and Bestar is your expert partner to navigate this essential process seamlessly.
Why Choose a Hong Kong CLG? (Keys: Non-Profit, Charity Status, Limited Liability)
A CLG provides a robust legal framework for non-profit endeavors, offering:
Limited Liability: Members' liability is restricted to a pre-determined, guaranteed amount, protecting personal assets.
Separate Legal Entity: The CLG operates independently, enhancing credibility for grant applications and public trust.
Path to Charity Status (Section 88): A CLG is the standard foundation for applying for tax-exempt charitable status in Hong Kong.
Bestar's Streamlined CLG Registration Process
Registering a CLG is more involved than a typical limited company, but our professional services ensure efficiency.
Step | Bestar's Service & Action | Timeline (Approx.) |
1. Pre-Registration & Name Check | We conduct a thorough name search for compliance with the Companies Registry (CR) and ensure your proposed objectives meet CLG requirements. | 1-2 Working Days |
2. Articles of Association (A&A) Drafting | We expertly draft your Articles of Association, including the mandatory non-profit and winding-up clauses, which is a critical and unique step for CLGs. | 3-5 Working Days |
3. Document Preparation | We prepare all necessary forms, including the Form NNC1G (Company Not Limited by Shares) and the Business Registration (IRBR1) notice. | 1-2 Working Days |
4. Submission & Filing | We submit the complete package to the Hong Kong Companies Registry for official incorporation. | CR Processing: 4-6 Weeks |
5. Post-Incorporation Kit | Upon approval, we provide you with the Certificate of Incorporation, Business Registration Certificate, and the Company Kit (e.g., company seal, minute book). | 1 Working Day |
Key Requirements for Your Hong Kong CLG
To proceed, your CLG will require the following statutory components:
Requirement | Details |
Directors | A minimum of two natural person (individual) Directors are required. |
Members | A minimum of one Member is required. |
Company Secretary | Mandatory. Must be a Hong Kong resident or a licensed corporate service provider like Bestar. |
Registered Office | Mandatory. Must be a physical address in Hong Kong (a P.O. Box is not allowed). Bestar can provide this service. |
Quotation: Hong Kong Company Limited by Guarantee (CLG) Registration
We understand your non-profit venture requires a precise and compliant setup, and our pricing is transparent and comprehensive.
Here is a breakdown of the estimated costs for a standard CLG registration with Bestar for up to 25 members (the most common structure):
I. Mandatory Government Fees (One-Time)
These non-negotiable fees are payable directly to the Hong Kong Companies Registry (CR) and the Inland Revenue Department (IRD).
Item | Details | Fee (HKD) |
CLG Incorporation Fee | Payable to the CR with Form NNC1G (for ≤25 members, hard copy filing) | Included (170) |
Business Registration (BR) Fee | 1-Year Certificate (Mandatory for all HK companies) | Included (2,200) |
Total Mandatory Government Fees | Included (2,370) |
II. Bestar Professional Service Fees
Our service package covers the complex document preparation, mandatory statutory roles, and filing process to ensure a successful and compliant incorporation.
Service Category | Item | Fee (HKD) | Frequency |
A. Incorporation Service | Drafting of bespoke Articles of Association (A&A) with non-profit clauses, name check, preparation & filing of Form NNC1G & IRBR1, and post-incorporation document delivery. | 5,500 | One-Time |
B. Statutory Compliance (1st Year) | Mandatory Company Secretary: Serving as your local, qualified Company Secretary for 12 months (includes all compliance alerts and filing of the first Annual Return). | Included (2,100) | Per Annum |
Mandatory Registered Office Address: Providing a required physical Hong Kong address for statutory mail for 12 months. | 1,800 | Per Annum | |
C. Company Kit & Documents | Provision of the Company Kit, including statutory books and essential company chops (seal, signature stamp). | Included (500) | One-Time |
Total Bestar Professional Fees (1st Year) | 7,300 |
III. Summary of Total Initial Cost
Cost Component | Fee (HKD) |
Total Mandatory Government Fees (I) | 2,370 |
Total Bestar Professional Fees (II) | 7,300 |
Grand Total for CLG Registration | 9,500 |
Optional Value-Added Services
We highly recommend these services, especially if you plan to apply for tax-exempt charitable status:
Optional Service | Details | Fee (HKD) |
Section 88 Charity Application | Full preparation and submission of the application to the Inland Revenue Department (IRD) for tax-exempt charitable status. | Quote upon request (Highly dependent on the complexity of your objectives and financial forecasts). |
Bank Account Opening Assistance | Vetting of documents and liaison with a partner bank to increase the chance of successful corporate account opening. | 2,400 |
Annual Audit & Tax Filing | Statutory requirement for all CLGs. Basic Fee Starts From | ~5,000 per annum |
Ready to Begin?
The next step is to complete and sign our forms, and provide the basic identification documents for your proposed directors and members. Due to the need to draft non-profit-compliant Articles of Association, the CLG process takes approximately 4-6 weeks for official incorporation.
Please confirm if you would like to proceed with the Standard CLG Registration Package (HKD 9,500), and we will prepare the official engagement letter immediately.
Do you have any questions about the registration process or the requirements for your directors and members?
We look forward to partnering with you to establish your non-profit in Hong Kong.
Bestar Hong Kong team
Bestar Consulting Limited: Your Trusted Partner for Hong Kong Company Formation & Compliance
Bestar Phone Number +852 35651861
Bestar General Email Address admin@bestar.asia
Keywords: Hong Kong CLG Registration, Company Limited by Guarantee, Bestar Hong Kong, Non-Profit Setup, CR Form NNC1G, Section 88 Charity, Corporate Secretary Service
Comments