DEREGISTRATION
A Hong Kong limited company can be dissolved in the following two
ways:
Deregistration/Strike Off of a Hong Kong Company
Requirements for Deregistration
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.
Deregistration Application Procedures
Step |
Description |
(1) |
Hold a board
meeting to pass a resolution 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$250 |
| Fee for
application for strike off |
US$55 |
| Fee for
application of Notice |
US$45 |
|
TOTAL |
US$350 |
| 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
Winging-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$5000 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 USD3000 (including disbursements of about
USD1300). This process will take about one year and the company
cannot be re-opened after dissolution.
Please
click here for detailed payment
method.
|
