Power of Attorney of Hong Kong Company
A power of attorney can be used for multiple purposes.
A power of attorney in Hong Kong is a document that allows the appointment of an individual or agent to act on behalf of another person for the purpose of solving legal business matters.
Purpose of Power of Attorney in Hong Kong
A power of attorney can be used for multiple purposes. Below are some of the purposes of having one in Hong Kong.
- This document allows the appointed individual or party to get involved in business or financial-related activities when the principal is not present.
- It lets the appointed individual or party handle the affairs and assets of the principal. As it may give unlimited power to the individual, a trusted party should be appointed.
- It can be used either for the incorporation or de-registration of a company
- It can also be utilized for fulfilling personal wishes when the principal becomes mentally handicapped or incapacitated.
A power of attorney is governed by the Powers of Attorney Ordinance (Cap.31) as per Hong Kong’s laws. This Ordinance sets the right for the appointed individual or party to handle business-related activities when the principal is unable to do so.
The information that needs to be provided includes: the date of appointment, name and address of the principal, as well as the name and address of the appointed individual or party. It has to be signed by both parties.
How can Startupr help you in POA document preparation?
If you need any assistance or more information for preparing a Power of Attorney in Hong Kong, Startupr can help. Our team can help prepare a standard power of attorney document for your company.
Simply click on the order form button. Our team members will help you in gathering information and will guide you with the further steps.