Co-operative Society Registration
Overview: Co-operative Society’s main aim is to satisfy certain material needs of its members pursuant to their “membership rights”. The basic idea is that a Co-operative Society conducts activities for the benefit of its members.
Purpose: Registration of a Co-operative Society
Main specifications:
- a legal entity
- liability of members can be limited or excluded
- no minimum capital
- various types of capital contributions from each partner (e.g. cash contribution, goods, labor)
- profit rights and voting rights can be attributed to the members in different ways
- requires at least 10 members
- managed by 5-member Committee
- can be registered as a Credit Union
Registering authority: the HK Trade Register
Term of registration: 15-20 working days
Personal presence: Optional
Conditions for registration:
- Members of Cooperative – Minimum 20 (maximum – unlimited) natural/legal person of any nationality/jurisdiction
- Committee Members – Minimum 5 (maximum – unlimited) natural/legal person of any nationality/jurisdiction
- Registered office address in Hong Kong
Required documents:
- Passport or European ID card (for all associated persons)
- Proof of residential address not older than 3 months (for all associated natural persons)
- Extract from the Trade Register not older than 3 months (for all associated legal persons)
- Document, authorizing to use of the registered office address (Copy of the Rental Agreement, Authorization Letter from the Owner, Certificate on Property)
- Power of attorney (in case of remote registration)
- Signed copy of the Deed of Incorporation
Optional documents:
- Cooperative`s Membership Agreement / By-laws
€995.00