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W88 | Thailand Online Casino and Gambling Guide:De-Registration of a Limited Company in Hong Kong

Updated on Thursday 21st December 2017

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De-Registration-of-a-Limited-Company-in-Hong-Kong.jpgLimited companies in Hong Kong can be de-registered if the investor wants to cease all operations in the city or if the company is defunct. 
Only locally incorporated in Hong Kong companies may be de-registered. A few steps are essential for this process and they include a submission to the Inland Revenue Department as well as the effective de-registration from the Companies Registry
Our company formation agents in Hong Kong can assist you during the de-registration procedure and provide you with additional information, according to your type of company and the business you performed in Hong Kong.

Company de-registration conditions in Hong Kong

A defunct solvent company may be de-registered if the following circumstances apply:
- all of the company members have agreed to the de-registration;
- the company has not commenced any business yet or it has ceased any business three months prior to the application for de-registration;
- the company has no major liabilities towards creditors;
- the company does not own any immovable property located in Hong Kong;
- the company is not taking part in any litigation in Hong Kong or other legal proceedings at the time of the application for de-registration.
If the company that is to be de-registered is a holding company in Hong Kong, then its subsidiaries must not own any assets that are immovable property located in Hong Kong.
The first step for de-registering a Hong Kong company is to obtain a Notice of Objection to a Company being Deregistered from the Commissioner of the Inland Revenue Department. 

De-registering from the Companies Registry in Hong Kong

Once the Notice of Objection is issued, the company owners can make the final application for de-registration with the Companies Registry. This Notice together with an application for and an application fee are submitted to the Registry wither in print or in electronic for. The registrar may require additional company documents.
The Registry will usually process de-registration applications within five working days. Afterwards, the de-registration will be published in the Gazette. Once the de-registration is final the company is dissolved.
If the company owners wish to de-register it even before the company received its Business Registration certificate they can do so by contacting the Business Registration Office once the application for de-registration has been approved.
Contact our company formation experts in Hong Kong for additional expert advice on company de-registration and how handle the management of the former company assets once the company is de-registered and dissolved. 


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