The company must have a local company secretary and local registered office; and maintain its statutory books and records and significant controllers register (“SCR”) within the Hong Kong territory. A designated representative (“DR”) should also be appointed to provide assistance relating to the SCR to a law enforcement officer.
The DR must be either a shareholder, director or an employee of the Hong Kong company who is a natural person resident in Hong Kong or, alternatively, an accounting professional, a legal professional or a person licensed to carry on a business as trust or company service provider (TCSP).