Terms of Service
Important Notice
Please read these terms of service carefully as they contain important information about your legal rights, remedies, and obligations.
Definitions
Client refers to the owner of the company or the authorized person of the owner requesting HKBSC to provide services to the owner of the company or authorized person; owner or individual refers to these owners or individuals jointly or separately.
Client Appointee refers to any person nominated, appointed, or serving as director, alternate director, secretary, manager, partner, trustee, guardian, bank signatory, other officer, attorney-in-fact, administrator, registered agent, registered office provider, legal service address, or registered shareholder from time to time.
Company refers to any company, trust, foundation, or other legally recognized structure established and/or managed by HKBSC.
HKBSC/Hong Kong Business refers to Hong Kong Business Services Centre Limited.
Individual refers to any legal entity, legal person, company, or other legal entity.
Services refer to but are not limited to company formation, management, administration, registered agent, company secretary, bank or broker introduction, trustee, consulting, and other related services provided by HKBSC to client companies.
Business Activities
HKBSC reserves the right to suspend the provision of any services and has the right to stop taking action against any client who has become or becomes an excluded person or engages in any illegal or prohibited activity, without further notice.
Excluded Persons include:
- Persons who have been imprisoned or convicted of any criminal offense
- Persons who have been proven to act fraudulently or dishonestly in any civil proceedings
- Persons who have demonstrated moral corruption in any way
Illegal or prohibited activities include:
- Illegal or other activities related to money laundering, receiving proceeds from drug trafficking, terrorist activities, or criminal activities
- Trading with countries excluded from time to time by banks and financial institutions
Business activities not approved by HKBSC include but are not limited to:
- Industrial espionage
- Weapons and arms trade
- Human, human or animal organs, biological materials or nuclear materials
- Pornography, gambling
- Any other purposes that are illegal under the law of the place of incorporation or establishment of the company
- Engaging in business or other purposes that are unacceptable to HKBSC
Fees and Direct Expenses
The client undertakes to pay the negotiated agreed service fee charged by HKBSC upon receipt of HKBSC's invoice. Fees are as described in HKBSC's published fee schedule and may change from time to time.
The client undertakes to pay HKBSC in advance for all direct expenses, government duties, license fees, or government fees of any nature related to the company. HKBSC is not liable for any fines, penalties, or other liabilities incurred by the client or the company, and the client assumes full responsibility for paying these fees and indemnifying HKBSC for any liability in this regard.
If the client fails to promptly settle the invoice issued by HKBSC, the client authorizes HKBSC to deduct fees, direct expenses, and other expenses from any account or funds under HKBSC's control belonging to the client.
If the client does not require the services provided by HKBSC, the client should notify HKBSC within thirty days of receiving HKBSC's invoice for services for the next year. If the client fails to notify HKBSC within the relevant 30 days, the client shall be deemed to have agreed to pay HKBSC's service invoice in full.
HKBSC will not refund service payments already made (regardless of the designated period of the relevant service). HKBSC reserves the right not to provide services or act according to client instructions. If HKBSC stops providing services or stops taking any action for any reason, HKBSC will not refund the payments made for this purpose.
Directors, Statutory Positions and Registered Office
Directors and officers will always consider client requests, but do not require them to act in any way they consider dishonest, illegal, improper, or unethical.
The registered office address provided by HKBSC to the client company shall not be cited in any marketing or company information, advertisements, or announcements without the express written consent of HKBSC.
HKBSC or the registered agent of the relevant jurisdiction may move its office to another location, and this may require a change in the company's registered office address.
General Provisions
The client shall provide all instructions or requests regarding company affairs to HKBSC in writing. HKBSC may, at its sole discretion, agree to act on any other request or instruction, unless expressly stated in writing, HKBSC is not responsible for any misunderstanding or error.
Communications related to company management are deemed to have been correctly communicated to the client if they are sent to the postal address, email address, or fax that the client has notified Hong Kong BSC.
HKBSC is not liable for failing to comply fully or partially with any instructions received from the client, nor is it liable for the consequences of not receiving instructions for any reason.
HKBSC provides information about offshore trust services, investment consulting, and business affairs in its brochures, worldwide websites, and other materials. Such information does not constitute legal, tax, or other professional advice.
If HKBSC receives mail on behalf of the client, whether by post, courier, or otherwise, HKBSC reserves the right to examine the contents of such mail.
Term
The terms are subject to change without prior notice to clients or potential clients.
Dispute Resolution
This agreement is governed by and construed in accordance with the laws of Hong Kong, and all disputes related to this shall be finally resolved by the Hong Kong Arbitration Centre in accordance with its rules. For the avoidance of doubt, the client and HKBSC agree that the arbitration decision is binding on the parties to the arbitration.
Refund Policy
Regular/Annual Maintenance Services:
Our annual fee amount and services (company secretary, registered address, etc.) are designed for full-year service;
If the client decides to opt out, stop, or change service providers during the year, no refunds will be given.
Document Preparation Fee:
Existing clients can instruct special ad-hoc work; however, if the client requests cancellation during execution; if documents have already been prepared, we will charge a document preparation fee - even if the client has expressly canceled the instructions; the document preparation fee varies according to the number of documents prepared. It is usually 100 USD.
Cloud Storage Service
Our independent cloud space provides 24/7 access and uses RAID 1 for real-time backup. The cloud service is designed to provide independent space for clients to conveniently store and browse their files at any time. If clients use it for other purposes, the service contract may be terminated immediately. In addition, we will not be responsible for any loss caused by temporary inability to browse files or file loss due to unstable power, unstable weather, regular maintenance, and other issues.
We also recommend that clients regularly download their files for backup. If the client fails to pay the annual renewal fee for the cloud service at the time of renewal, the files in the cloud space may be cancelled.
We reserve the right to review the content contained in the cloud space and to read client letters.
If the stored content is found to involve pornography, gambling, crime, any content that encourages crime or other harmful content, encourages racial discrimination, radical religion or political content, our company has the right to refuse the service application or terminate the service immediately without prior notice.
We reserve the right to regularly update the above terms.