Deregistration
After a limited company closes or ceases operations, if the person in charge of the Company wants to cancel the Company and remove the name, he must take the initiative to apply for deregistration to the Company Registry. When receiving a letter from the Companies Registry stating "Gazette published under Section 751 of the Companies Ordinance
The limited company will be officially dissolved only after the announcement is cancelled, and the Company is dissolved on the day the above-mentioned gazette announcement is published." Our company provides deregistration services. Customers only need to provide Company's documents, signatures and payments, and the one-stop agency will handle the closing procedures for a limited company, which is fast and time-saving.
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.