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This English translation is for reference only. Should there be any discrepancy between the English translation version and the original in Chinese, the latter shall prevail.
 
  • Transfer of ownership or the operation rights

  •  

    According to Article 33 of Decree Law no. 16/96/M dated 1st April, relevant applications should be submitted by a person or legal entity who is the new owner within 60 days upon confirmation of the transfer of ownership or of the operation rights.

    Application procedure and documents required

    1.
    Completed application form for transfer of ownership or the operation rights【HS Model 108】 (forms can be downloaded from MGTO Industry Net or available from MGTO/MGSC/MGSC-I);
    -
    If the application is made by a company, the relevant application form must be signed by the company's lawful representative(s) according to the signature(s) on the identity document(s), with a copy of the representative(s)' identity document(s) (front and reverse side on the same page) attached.
    -
    If the application is made by an individual, he/she should sign the relevant application form according to the signature on the identity document, with a copy of the identity document (front and reverse side on same page) attached.
    -
    If the applicant authorises others to make the application on his/her behalf, the original letter of authorisation with notarised signature(s), or a certified copy of such, must be submitted. Copy of the identity document(s) of the authorised person(s) must be enclosed (front and reverse side on same page).
    2.
    If the application is made by a company, an original certificate of company registration issued by the Commercial and Movable Property Registry within the past three months must be submitted;
    3. The original or the certified copy of the contract for the transfer of ownership or the operation rights should include, but not be limited to, the following information:
    - Identification and contact information, etc. of the two parties concerned in the transfer;
    -
    Establishment information (e.g.) name, type and classification, address, license number, etc.;
    - Transfer clauses;
    - Effective date of contract;
    - Signatures of the two parties must be notarised.
    4.
    Completed enquiry form for hotel or similar establishment (forms can be downloaded from MGTO Industry Net or available from MGTO/MGSC/MGSC-I);
    5.
    A copy of the M/1 business tax form from the Finance Services Bureau (DSF).
    6.
    Original identity document of person submitting documents must be produced.
    Updated on: 29/07/2019
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