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Hong Kong company pit: Address changes frequently

Released Date: Apr 16,2021 Article Source: HUANZE

There are many Hong Kong companies in the market that have been established for many years,You will receive a phone call from the bank asking: your company address in Hong Kong has to be changed many times every year. Why do you need to change your company address in Hong Kong so frequently?

There are many Hong Kong companies in the market that have been established for many years,You will receive a phone call from the bank asking: your company address in Hong Kong has to be changed many times every year. Why do you need to change your company address in Hong Kong so frequently?

This is because the customer registered in Hong Kong company is, looking for a secretary at a low price. And this kind of Hong Kong company secretary, in Hong Kong does not have their own office address, are attached to other addresses of the secretary or use a virtual address. Therefore, such secretaries need to change their addresses frequently to avoid the investigation and punishment of the Companies Registry. In this case, most of the registered Hong Kong company's customers, for the registered secretary without authorization to change the company's registered address, are unaware.

This poses a risk to the Hong Kong company: first of all, the bank will be concerned about the purpose of the company's change of address and may choose to close the company's account in order to prevent the risk. Secondly, the Hong Kong Companies Registry will also focus on and examine Hong Kong companies that change their addresses frequently.

Therefore, you found that the registered secretary had frequently changed the registered address of the company in Hong Kong without your authorization. In this case, you need to consider changing the Hong Kong company secretary to avoid the risks of such a secretary.

Hong Kong company pit: Address changes frequently

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