Deregistration of a Hong Kong Company



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ORIGINAL POST
Posted by RR 45 days ago

Deregistration of a Hong Kong company may not be complicated. However, the process can be burdensome and time consuming.

Below is some general information in respect of deregistration of a Hong Kong company:

  • The company must meet the following conditions before making an application for deregistration with the Hong Kong Companies Registry:
    • the company has not commenced operation/business or has not been in operation/carried on business during the 3 months immediately before the application;
    • all the members of the company agree to the
    • deregistration;
    • the company has no outstanding liabilities;
    • the company is not a party to any legal proceedings;
    • the company’s assets do not consist of any immovable property situated in Hong Kong;
    • if the company is a holding company, none of its subsidiary’s assets consists of any immovable property situated in Hong Kong; and
    • the company has obtained a Notice of No Objection to a Company being Deregistered (“Notice of No Objection”) from the Inland Revenue Department (“IRD”).

  • In order to obtain a Notice of No objection from the IRD, the company is required to clear all its tax matters/liabilities, if any, with the IRD.
 
Kindly note that it is also obliged to notify the Business Registration Office in writing the cessation of business within 1 month of the date of cessation of business. 

We can assist in handling the company deregistration. For the detailed information, you may visit our website www.hkwj-taxlaw.hk/ or call us on + 852 2527 0738.
 

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