The power of attorney is used in Hong Kong as a means to grant power to another individual to act on behalf of the donor for the purpose of solving a legal business matter or conclude any other legal activities.
The legal execution of a power of attorney is governed by Chapter 31: the Powers of Attorney Ordinance of the Laws of Hong Kong. Our law firm in Hong Kong can provide you with specialized assistance for the execution of this document, regardless of the business or personal purposes for which you might need to conclude it.
The grantor and the agent for a power of attorney in Hong Kong
For the purposes of a power of attorney, the principal or grantor entrusts an agent to take care of certain matters, as expressed in the document. Both individuals will have to provide information about themselves, like the number of the Hong Kong passport and/or their place of residence. The power of attorney is signed in the presence of a witness and the grantor can request an expiration date for the document or it can be revoked afterward.
The power of attorney grants full authority and power to the agent or attorney-in-fact and it can be used to perform any and all acts necessary for the completion of the tasks expressly defined in the document.
If you are a foreign investor in Hong Kong and need help completing certain tasks, one of the lawyers from our Hong Kong lawfirm can act as the attorney-in-fact. We can help represent you if you cannot be present in the city to perform certain business activities or transactions. A power of attorney can also be used if you want to open a company in Hong Kong or purchase a property in the city.
We invite you to watch the following video for information on using a power of attorney in Hong Kong:
Special types of power of attorney in Hong Kong
A power of attorney can be used for multiple purposes and there are several types of these documents that grant less or more power to the agent. A special or limited power of attorney will be used for a defined purpose and solely for that purpose. It can be issued to allow the agent to make financial decisions on behalf of the grantor, or to make legal claims and conduct litigation in Hong Kong. It can be also limited in time.
A general power of attorney can be used by Hong Kong companies to appoint an individual that will act as the company’s representative and will execute all and any necessary acts for the company including entering into agreements, opening bank accounts, purchasing and selling necessary items, substitute or displace agents, open branches and generally act as the company agent and lawfully represent it.