Company Formation Hong Kong
Articles

De-Registration of a Limited Company in Hong Kong

Updated on Wednesday 07th September 2016

Rate this article
5 5 1
based on 0 reviews


De-Registration-of-a-Limited-Company-in-Hong-Kong.jpgLimited companies in Hong Kong can be de-registered if the investor wants to cease all operations in the city or if the company is defunct. 
 
Only locally incorporated in Hong Kong companies may be de-registered. A few steps are essential for this process and they include a submission to the Inland Revenue Department as well as the effective de-registration from the Companies Registry
 
Our company formation agents in Hong Kong can assist you during the de-registration procedure and provide you with additional information, according to your type of company and the business you performed in Hong Kong.
 

Company de-registration conditions in Hong Kong

 
A defunct solvent company may be de-registered if the following circumstances apply:
- all of the company members have agreed to the de-registration;
- the company has not commenced any business yet or it has ceased any business three months prior to the application for de-registration;
- the company has no major liabilities towards creditors;
- the company does not own any immovable property located in Hong Kong;
- the company is not taking part in any litigation in Hong Kong or other legal proceedings at the time of the application for de-registration.
 
If the company that is to be de-registered is a holding company in Hong Kong, then its subsidiaries must not own any assets that are immovable property located in Hong Kong.
 
The first step for de-registering a Hong Kong company is to obtain a Notice of Objection to a Company being Deregistered from the Commissioner of the Inland Revenue Department. 
 

De-registering from the Companies Registry in Hong Kong

 
Once the Notice of Objection is issued, the company owners can make the final application for de-registration with the Companies Registry. This Notice together with an application for and an application fee are submitted to the Registry wither in print or in electronic for. The registrar may require additional company documents.
 
The Registry will usually process de-registration applications within five working days. Afterwards, the de-registration will be published in the Gazette. Once the de-registration is final the company is dissolved.
 
If the company owners wish to de-register it even before the company received its Business Registration certificate they can do so by contacting the Business Registration Office once the application for de-registration has been approved.
 
Contact our company formation experts in Hong Kong for additional expert advice on company de-registration and how handle the management of the former company assets once the company is de-registered and dissolved. 
 
 

Comments

There are no comments

Comments & Requests


Please note that client queries should NOT be posted here but sent through our Contact page.

Meet us in Hong Kong

Call us now at + 852 8191 3385  to set up an appointment with our company formation experts in Hong Kong. As a DM Advisory client, you will benefit from the joint expertise of local lawyers and consultants for opening an offshore company in Hong Kong.

We offer:

- prompt response to your inquiry (maxim 24 hours);

- cost-efficiency: competitive company formation prices;

- free and complete legal information featured on our site, at your disposal.

Testimonials

Francesco-Dagnino.jpg

I have been working with partners at OpenCompanyHongKong.com for several years now and I am extremely pleased with their services. Their team helped my clients extend their businesses in Hong Kong.

Francesco Dagnino, Partner of
Lexia Avvocati
www.LawyersItaly.eu

Read more testimonials

We Recommend ClientPedia

This website is marketed by ClientPedia

Banner-Promoting ClientPedia-244px.jpg

We accept online payments

paypal-logo.png