HONG KONG COMPANY DEREGISTRATION
DEREGISTRATION
A Hong Kong limited company can be dissolved in the following two ways:
Deregistration/Strike Off
Requirements
Limited companies incorporated in Hong Kong can apply for de-registration, provided that the company to be de-registered meets the following requirements:
(1) all members of the company agree to the deregistration of the company;
(2) the company has never commenced operation, or has already ceased business for more than 3 months;
(3) the company will not start/resume business in the future;
(4) the company has disposed of all trading stock, landed property and securities, if any;
(5) the company has no outstanding liabilities which include Profits Tax, Property Tax, Stamp Duty, Business Registration fee, fines and penalties in connection thereof and court fees;
(6) the company has no outstanding obligations under the Inland Revenue Ordinance. These include submission of return(s) which has (have) been issued by the Inland Revenue Department, liability to notify the Commissioner of Inland Revenue in writing that the company is chargeable to tax for any year of assessment in which a return has not been received;
(7) there are no unanswered enquiries from the Inland Revenue Department;
(8) there are no unsettled objections or appeals in respect of assessments already raised;
(9) all the annual returns have been filed.
Application Procedures
| Step |
Description |
| (1) |
Hold a board meeting to pass a resoluation to strike off the company; |
| (2) |
Apply in writing to IRD for a Notice of No Objection for Deregistration of a Defunct Company. It may take up to four weeks to receive the said Notice; Please be reminded that the said Notice will only be issued in the case that the company to be de-registered owes NO money to the Hong Kong Government and NO outstanding tax returns; |
| (3) |
Apply in writing to the Companies Registry for de-registration of the company. It may take well up to six months after the filing of application for the Companies Registry to de-register your company. |
Charges
| Our service charges |
US$400 |
| Fee for application for strike off |
US$60 |
| Fee for application of Notice |
US$60 |
| Total |
US$520 |
| Processing time |
Around 6 months |
| Services includes: |
(1) Preparation of minutes and other documents for application of de-registration
(2) Apply to IRD for Notice of No Objection
(3) Application for de-registration
(4) Other out of pocket expenses |
LIQUIDATION
Winding-up by the court
(1) According to <Company Ordinance S.177>, Limited Company can be ordered winding-up by the Court. The common reason for this type of winding-up is its inability to pay its debits.
(2) If a company with a debt exceeding HK$5,000 fails to pay it or make arrangement with creditor(s) which is accepted by them within three weeks of receiving their written demand, then it is deemed unable to pay its debts.
Voluntary winding-up
Members' voluntary winding-up: The company is winding-up by the members. The company should able to pay-off its creditors when wound-up.
Creditors' voluntary winding-up: When directors of the company do not believe that it will be able to pay-off the debt. The creditor(s) can liquidate the company.
Our fee for liquidation of a Hong Kong limited company with minimal assets is US$5,500 (including disbursements of about US$1,500). This process will take about one year and the company cannot be re-opened after dissolution.
Please click here for detailed payment method. |
