Setting up sales representation for property investment group

Posted by afropay (458 days ago)

I wish to set up a representative company in HK, which will be tasked with signing up and managing SFC licensed agents to sell investments in a South African property investment company.

Let me explain.

When a new investor buys shares, new shares are issued to that investor and he/she thereby immediately becomes a joint shareholder in all of the assets of the company.

The money from the sale of the shares is used to expand the property portfolio for the benefit of all of the existing shareholders.

Does anyone know what the specific requirements are from the SFC for the product (obviously the sales agents will have to be licensed in HK)?

The product offering as it stands is compliant with the South African Financial Services Board and Discretionary Asset Management regulations.

(I am based in Hong Kong)

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Posted by associates (451 days ago)

This is a complicated matter; we suggest you consult a lawyer knowledgeable on this subject. Weir & Associates has a registered investment advisor on staff (Responsible Officer). You may book an initial appointment at a cost of HK$2,5000.

Weir & Associates
Solicitors & Notaries
2108 Gloucester Tower
The Landmark
15 Queens Road Central
Hong Kong
Tel : 2526-1767
Fax : 2868-3568
email : weirlaw@hongkonglaw.com
www.HongKongLaw.com

(I am based in Hong Kong)