Typically, a company limited by guarantee is established to promote education, religion, poverty relief, trusts, and foundations. Although most organizations structured in this way are not intended for profit, they cannot automatically be considered charitable. For an organization to qualify as a charity, its purposes must be exclusively charitable as defined by law.
We can assist institutions that align with the following charitable purposes in applying for approved charitable institute (ACI) status:
Being an ACI comes with several advantages, such as:
If requested, we can provide you with an application form to fill in the details of your institution, including objectives, membership information, directors, and company secretary.
Registering a "company limited by guarantee" involves following the standard procedures for registering a "company limited by shares," which is the most common type of business entity in Hong Kong.
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