Company Management FAQs
Company Manager is a person who engages in the business of Company Management. A Company Agent, also referred to as a Registered Agent is a person who engages in the business of Company Agent. Both the Company Manager and Company Agent are commonly called Corporate Service Providers and must be resident in the TCI.
In determining whether an individual is “fit and proper” the Commission will assess applicants against its fit and proper guidelines including a person’s : (a) integrity, honesty and reputation (b) knowledge and experience and (c) Financial Stability.
What information is required for approval of the appointment of directors/Shareholders/Senior Officers of licence holders?
information that must be submitted for the approval of Directors/Shareholders/Senior Officers of licence holders: Application for approval of changes of shareholders, directors and Officers of a Regulated Business, biographical affidavit, statement of affairs, curriculum vitae, professional reference, bank reference from a regulated commercial bank within the TCI or country of permanent residence, police certificate from place of permanent residence, and certified copy of passport photo page.
A list of Company Managers & Agents in the TCI can be obtained via this website.
A Professional Indemnity Insurance is a type of insurance designed to protect your business against losses arising out of claims of negligence or breach of duty by the licencee or by an employee of the licencee, against dishonesty of the licencee or employees of the licencee and loss of documents. Both the Insurance Company and policy amount should be approved by the Commission as stated in the Company Management (Licensing) Ordinance.