Posted by
wrinkler
7 yrs ago
Hi everyone,
Just needed some advice on closing a business in Hong Kong. I lived in HK for 6 years and had a small side business running while i was working in HK. I have recently left and now want to close it down. I have been told that i need to produce 6 years of audited accounts for inland revenue to tie off the loose ends and properly close it down. The cheapest quote i have so far is $6700 per year or $33,500 in total to get it done. This is probably going to cost more than the business actually made as there were on average 5 transaction per year.
Is there anyway around this? What if i just left it and walked away? Any advice?
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