Power of Attorney in Hong KongA presentation brought to you by OpenCompanyHongKong.com

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The Power of Attorney

• A power of attorney is a special document that allows its possessor to fulfill any acts necessary, as described per the wishes of the donor.

• The document is used by the appointed individual to legally perform certain acts when the donor is not able or no longer capable of doing so.

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Reasons to Use a Power of Attorney in Hong Kong

• A power of attorney in Hong Kong can be used for multiple purposes like opening a Hong Kong company when the investor cannot be present in the city.

• It can also be used for signing on behalf of another person for purchasing a property.

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Using a Power of Attorney for Corporate Purposes >>

• The power of attorney can be used by foreign investors in Hong Kong who cannot be present in the city at the time of the incorporation.

• Thus, an appointed third party can draw-up and sign the company incorporation documents.

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>> Using a Power of Attorney for Corporate Purposes

• The appointed individual can handle further issues related to company formation like opening a bank account.

• The power of attorney can also allow for signing the rent or property purchase documents for the company’s registered office in Hong Kong.

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The Execution of a Power of Attorney in Hong Kong

• The power of attorney is concluded in the presence of the donor of the power. 

• The donor can revoke the power of attorney or conclude it for a very specific period of time.

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The Enduring Power of Attorney in Hong Kong

• The enduring power of attorney offers the empowered individual the ability to fully control the donor's financial affairs after he or she is unable to do so.

• This can be used by former company directors in Hong Kong.

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The Simple Power of Attorney in Hong Kong

• A power of attorney can also be general or limited. The general one is usually drawn-up in case of companies in Hong Kong.

• Limited or special documents are used for limited actions such as financial matters or those related to litigation.

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Information Included in a Power of Attorney

• The information included in a power of attorney comprises the identification details for both parties and the powers attributed to the Company’s Attorney in respect to the management of the corporation.

• This can be used by company directors in Hong Kong.

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Legal Representation and Attorneys-in-Fact

• Investors or individuals in Hong Kong who need legal representation can appoint an attorney-in-fact.

• You can contact our company registration agents in Hong Kong to find out how you can be represented during the company formation.

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