HONG KONG COMPANY DEREGISTRATION

Under Section 291 of the Companies Ordinance (Cap. 32) of the Laws of Hong Kong, a company applying for deregistration with Companies Registry must meet the following conditions:

  • Consent by all shareholders
  • No longer running or operating business, or terminated for more than three months from the date of application for deregistration
  • No outstanding indebtedness, including governmental license fee and tax
  • Obtain the Written Notice of No Objection issued by the Commissioner of Inland Revenue
  • The company is not a party to any legal proceedings
  • The company has no immovable property situate in Hong Kong
  • If the company is a holding company, none of its subsidiary’s assets consist of any immovable property situate in Hong Kong; and

In addition, if someone has an objection to this deregistration, he/she can file application for re-registration with the court within 20 years from the effective date of deregistration, when the court shall order the Companies Registry to resume business of the deregistered company.

Remarks:*
1) An audited financial statement (as at the date of cessation of business) and profits tax return with tax computation must be prepared and to be submitted to HKIRD for final assessment before the issue of the Notice of No Objection. We could arrange and communicate with your auditor for deregistration of the company.
2) Outstanding liabilities include amounts payable to creditor(s), Government fees, tax payable to HKIRD and etc.

SPECIAL OFFER:$2,500

Services Includes:

√ Apply Notice of No Objection to a Company Being Deregistered(Inland Revenue Department)

√ Deregistration Fee / Publication (Companies Registry)

√ Time Required about 6 months

Remarks:*
1) Auditing fee, business registration fee and annual return fee are excluded.
2) Include delivery of documents (2 times) and for specified industrial/commercial area only, otherwise, client should bear the courier fee.

PROCEDURE OF DEREGISTRATION OF H.K. LIMITED COMPANY

  1. Client fills in the application form and sends to us with copies of Business Registration Certificate, Certificate of Incorporation and the latest Annual Return.
  2. We will contact the client in order to confirm all required information has been provided.
  3. Client pays the full payment by cash or bank transfer to our bank account (HSBC #023-724008-838).
  4. We will prepare required documents in 1 working day.
  5. Client comes to our office to sign the documents, or instructs us to send the documents to the designated place for signatures(*).
  6. We will submit the required documents and fees to the Inland Revenue Department for application.
  7. After receiving the “Notice of No Objection to a Company Being Deregistered”, we then submit the required documents and fees to Companies Registry for application.
  8. The application will be processed and approved by Companies Registry within 6 months.

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