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Security Company Licence

Updated: Jul 15



Security Company Licence | Bestar
Security Company Licence | Bestar


Security Company


A security company is a business entity that provides security services and expertise to clients in the private or public sectors. These services can include:


  • Manned guarding: Security guards are stationed at a client's property to deter crime,  monitor activity, and enforce security policies.

  • Electronic security: Security companies can install and monitor security systems, such as alarms, CCTV cameras, and access control systems.

  • Cash in transit: Security companies transport cash and other valuables between locations securely.

  • Bodyguarding: Security companies provide personal protection services to individuals.

  • Investigations: Security companies can conduct investigations into criminal activity, fraud, or other security breaches.


Security companies can be large and international, or small and local. They can specialize in a particular type of security service, or offer a wide range of services.


Here are some of the benefits of using a security company:


  • Improved security: Security companies can help to deter crime, protect property, and keep people safe.

  • Peace of mind: Security companies can give you peace of mind knowing that your property and people are being protected.

  • Expertise: Security companies have the expertise and experience to develop and implement effective security measures.

  • Cost-effectiveness: Hiring a security company can be more cost-effective than hiring your own security personnel.


Security Company Licence


To obtain a Security Company Licence in Hong Kong, you will need to apply through the Security and Guarding Services Industry Authority (SGSIA). They are the licensing authority for approving Security Company Licences.


Here's a summary of the process:


Eligibility


  • Your company must be registered in Hong Kong.

  • You will need to demonstrate a sound financial background with a financial reference from a Hong Kong bank or similar institution.

  • The company directors and executives must be of good character.


Application Process


  • The application process is now done electronically through the SGSIA website [e-form for Security Company Licence].

  • You will need to submit the completed application form along with supporting documents such as:

  • Certificate of Incorporation (original and copy)

  • Business Registration Certificate (current year)

  • Financial reference letter from a bank

  • Character references for directors and executives


Once submitted, the SGSIA will process your application and notify you of the outcome.


Additional Information


The Security and Guarding Services Ordinance (SGSO) also requires security guards to hold a Security Personnel Permit (SPP) issued by the Hong Kong Police Force.


Here are some resources that you may find helpful:


  • Security and Guarding Services Industry Authority: [Security and Guarding Services Industry Authority Hong Kong ON Security Bureau sb.gov.hk]

  • How to Apply for a Security Company Licence: [How to Apply for a Security Company Licence in Hong Kong ON Bestar Asia bestar-asia.com]

  • Security Personnel Permit - Hong Kong Police Force: [Hong Kong Police Force Security Personnel Permit ON police.gov.hk]


How Bestar can Help


Bestar specializes in accounting services for businesses operating in Hong Kong, particularly those with foreign investors. Here's how we can help:


  • Company Formation: Bestar can assist with incorporating a business in Hong Kong. This includes navigating the process of choosing a business structure, registering your company, and obtaining any necessary licenses and permits.

  • Secretarial Services: We can provide ongoing secretarial services to ensure your company complies with legal requirements, such as filing annual returns.

  • Accounting and Tax Services: Bestar can handle your bookkeeping, tax filing, and other accounting needs. This can be especially helpful for foreign investors who may not be familiar with Hong Kong's tax system.

  • Business Advice: We also offer general business advice relevant to Hong Kong, helping you understand the local business environment and regulations.


If you're considering establishing a business in Hong Kong, especially as a foreign investor, then Bestar's services could be valuable in navigating the process and ensuring you comply with regulations.


Consult with Bestar to discuss your specific needs and see how we can assist you.




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