Deregistration
When a limited company closes down or ceases operations, the company's responsible person must apply for deregistration with the Companies Registry if they wish to revoke the company and remove the company's name from the register. This process involves multiple steps, including submitting company documents and obtaining signatures. We offer a one-stop deregistration service, capable of handling the entire deregistration process on behalf of our clients. Clients only need to provide the necessary documents and pay the relevant fees, and we will apply and follow up on the processing, helping you complete the closing procedures of your limited company quickly and efficiently.
Companies Applying for Deregistration must Meet the Following Conditions:
All members of the Company agree to deregister;
The Company has not yet commenced operations or carried on business, or has not commenced operations or carried on business in the 3 months immediately preceding the application;
The Company has no outstanding debt;
The Company is not a party to any legal proceedings;
The Company’s assets do not include real estate located in Hong Kong; and
(If the Company is a holding company) the assets of all subsidiaries of the Company do not include real estate located in Hong Kong
Company Deregistration Process
Verification of information: Our company staff will contact customers to verify company information and closing date and conduct due diligence review
Check the current status of the company: Verify whether the limited company has paid annual returns, business registration fees or has other outstanding tax liabilities
Paying fee: bank transfer, cheque or cash
Signature: The customer signs documents related to deregistration
Submit documents: We will submit documents related to deregistration to the IRD and the Company Registry
Follow-up: It takes 6-12 months or more to for deregistration. The Company will continue to follow up and assist in solving the problem of deregistration
Complete: After receiving a formal letter of dissolution from the Companies Registry, your company is officially deregistered
Before Filing an Application for Deregistration, the Company’s Properties should be Disposed First
A company is dissolved upon deregistration. Once a company is dissolved, all properties in its name (if any) will be deemed as ownerless properties and will belong to the Hong Kong Special Administrative Region Government.
To meet the conditions for deregistration, you should seek professional advice before making an application for company deregistration to ensure that the company's assets (including bank account balances, vehicles and properties, etc.) are properly disposed of.