Registered trustees corporation
A body corporate (a legal entity in its own right) formed when the trustees of a body of persons or a charity apply to the Registrar of Companies. It holds the property of churches, temples, schools, clan associations and charities.
- Entiva fee to form
- $809
- Government fees to form
- HK$380
- Run plan
- $129 a month
- Steps to form
- 2
- Ongoing filings
- 1
Who it suits, and what defines it.
Governed by the Registered Trustees Incorporation Ordinance (Cap. 306).
Who it suits
- Churches, temples, schools, clan associations and charities that need to hold property.
Key facts
- Statute
- Registered Trustees Incorporation Ordinance (Cap. 306)
- Legal status
- Body corporate with a common seal
- Trustees
- 3 to 7, duly appointed
- Purpose
- Holds property for the body or charity
- Annual return
- None under Cap. 306
- Changes
- Notified within 28 days
- Company law
- Not a Cap. 622 company
What the law requires.
5 rules, each in plain words.
Three to seven trustees sign the application
They must be duly appointed trustees, under section 3(1).
A full application
It gives the title, the body's name, nature and objects, the trustees' particulars, every kind of property held and the proposed common seal.
A principal office address
No 'care of' or PO box addresses.
Rules for the common seal
The application sets out how the seal is kept and used.
Changes notified within 28 days
Changes of principal office, new trustees, and trustee deaths, resignations or removals.
How Entiva forms it.
2 steps. Entiva prepares and files each one, and collects every signature the law needs.
The steps
2 steps- 1Incorporate the registered trustees
A paper application signed by every trustee and delivered to the Companies Registry.
- 2Apply for charity tax exemptionOnly if needed
Optional. Recognition under section 88 of the Inland Revenue Ordinance.
Documents
5- Application for a Certificate of Incorporation
- Rules and regulations of the body or charity
- Any deed, will or instrument creating or regulating the body
- Resolution or instrument showing the trustees are duly appointed
- Certificate of incorporation, issued by the Registrar
Who takes part
1- Every trustee is verified and signs the application
What has to be filed, and when.
Entiva tracks every deadline from the day it is formed, and files before each one.
Every year, and as things happen
1 filing- Provide accounts when the IRD reviews the charity
Only for tax-exempt charities; the IRD reviews them now and then and calls for accounts
The changes Entiva handles.
Each change is prepared, approved, signed and filed.
The most common changes
4 changes- Notify the Registrar of a new trustee
- Notify a trustee's death, resignation or removal
- Notify a change of principal office
- Apply for charity tax exemption
What Entiva does for you.
From the first filing to the last.
Registered trustees corporation
- Prepares the application for a certificate of incorporation and delivers it once every trustee has signed.Formation
- Records a new trustee and delivers the notification to the Registrar within 28 days.People
- Records a trustee's death, resignation or removal and notifies the Registrar within 28 days.People
- Notifies the Registrar of a new principal office within 28 days.People
- Posts the application for IRD recognition as a tax-exempt charity under section 88.Ongoing
Build it with the API.
Every step on this page is an action in the Entiva API, with its documents, signatures and filing.
What it costs, item by item.
Every Entiva fee and every government fee, from forming it to closing it.
Forming it
$809one-off
- Government fees
- HK$380
Steps marked only if needed are not counted.
Closing it
Quoted before it starts
- Entiva fee
- Fixed, quoted first
- Government fees
- At cost
Included in the Run plan
- Routine changes
- Every deadline tracked
Extra, at a fixed fee
- Apply for charity tax exemptionOnly if needed
- Provide accounts when the IRD reviews the charity
Each extra is quoted before it starts, and nothing is done until you approve it.
Forming it
Entiva's formation fee is $809, one-off. Government fees are passed through at cost.
HK$380.
Excludes steps marked only if needed.
Every year
The Run plan costs $129 a month ($1,548 a year).
Changes
Routine changes are included in the Run plan.
Entiva fees are in US dollars. Government fees are in the currency each authority charges, passed through at cost when the filing is made. Taxes are separate.
Start with your first company.
We are onboarding a small group of founders and finance teams with entities in more than one country.