The certificate, which is provided by the Companies Registry, is a proof that your business is still registered and in good standing. In Hong Kong, the Certificate of Good Standing or Certificate of Continuing Registration is commonly recognized as proof of your company’s registration in Hong Kong.
Certificate of Good Standing
A Certificate of Good Standing, in most cases, simply states that the entity has filed all required reports and fees. It acts as documentation that the entity exists and is permitted to conduct business. However, doing so necessitates maintaining compliance with filings and other regulations.
What is a certificate of good standing for HK business?
The Certificate of Continuing Registration is another name for the Certificate of Good Standing (the Good Standing Certificate) in Hong Kong. The Companies Registry issues this certificate, which is a proof of a company’s registration. The Companies Registry in Hong Kong gives a Certificate of Good Standing document. This document aids in the certification of the company name in order to maintain good standing with the Companies Registry in general. If you are a Hong Kong limited company or a non-Hong Kong company incorporated under the Companies Ordinance, this applies to you. Your current business name and the date of incorporation or registration are the only things on the certificate.
Why do you need this for your Hong Kong company?
This document is likely to be required in only two scenarios: A person or company with whom you do business has requested one. This is the most common scenario. When you wish to open a business bank account, apply for consumer credit or a debit card for your firm, or apply for corporate credit or business loans. You submit an application to register your company as a foreign entity in another state (non-Hong Kong company). Local and foreign authorities frequently require a Certificate of Good Standing from the state where the company was incorporated in order to register a foreign enterprise (to obtain a business license).
Is a certificate of good standing the same as a certificate of continuing registration?
A certificate of good standing is a document that verifies a company’s registration and ability to operate in a given state. A certificate of existence, a certificate of status, or a state-specific name are all terms used to describe the document. Continuing Registration Certificate vs. Certificate of Good Standing. Simply said, these are several names for the same certificate. The certificate, which is provided by the Companies Registry, is a proof that your business is still registered and in good standing. They are both the same certificate. Issued by the Companies Registry, the certificate is a proof that your company is in good standing and continuing its registration. Basically, it certifies that your company is all good and genuine in the country and your business is in good standing per their rules.
A certificate of good standing is applicable to local limited companies or non-Hong Kong companies that are registered under the Companies Ordinance. The document will contain your company name and date of registration or incorporation. However, this certificate is not a replacement for your Certificate of Incorporation. You would still need to apply for that separately.
In Hong Kong, the Certificate of Good Standing or Certificate of Continuing Registration is widely accepted as proof that your company is registered.
How to get a Certificate of Good Standing from the Companies Registry?
A Certificate of Good Standing is a document issued by the Companies Registry that certifies that a business has existed continuously and without interruption since its inception. You can apply for a Certificate of good standing online at the Registry’s Cyber Search Centre or in person at the Registry’s office.
The Certificate of Good Standing verifies that all of the statutory administrative requirements have been met.
What are the benefits of having a Certificate of Good Standing for your business in Hong Kong?
A Certificate of good standing is an official document proving that a firm exists, is tax-free, and is legally permitted to conduct business in a specific area: issuing or obtaining a good standing certificate. Our firm can assist you in getting the necessary business credentials, including a certificate of good standing.
- It assures companies with which you want to do business that you have met your duties in the past and will continue to do so in the future.
- It guarantees banks and financial institutions from which you wish to obtain credit or loans that you will repay the money they have given you.
- Individuals or other companies interested in buying your business should be assured that there are no hidden debts or liabilities before they buy.
- In other states where you want to conduct business, it guarantees them that you run a reputable firm that helps their citizens.
- Investors from whom you would like to receive funds get assurance that you or your company are not fraudulent.
How does Startupr help you get a Certificate of Good Standing for your business quickly and easily?
You won’t have to worry about the time-consuming formalities that come with launching a business in Hong Kong if you use Startupr. We will assist you with the incorporation procedure, and our experts will be available to you at all times. You won’t even need to be present physically at each stage because we’ll handle everything digitally. You can also hire a company secretary from us. This includes, if necessary, acquiring a Certificate of Good Standing.