General Requirements for formation of Hong Kong company
When a Hong Kong company becomes dormant and do not intend to carry on business, it can be chosen to close the business with lesser costs and faster than the winding-up process. Upon deregistration, the company does not need to pay annual business registration fee, filing of annual return and prepare the audited accounts.
Our services include:Note: (* application fee to the Companies Registry is non-refundable regardless of the result of the application.)
When applying for “Notice of No Objection”, you may be requested to submit the Audited Report and Profits Tax Return to clear the tax issues. We do assist you to prepare and file the said documents for the purpose.
Time to TakeUpon submission of the application of deregistration documents, it takes 2 to 3 months for Inland Revenue Department to issue the “Notice of No Objection”. Time will be longer if there are tax disputes with the Inland Revenue.
When the Inland Revenue issue the “Notice of No Objection”, we can lodge the application of deregistration to the Companies Registry. A Gazette will be published for 3 months to see any objection for the deregistration from creditors.
Finally, the Companies Registry will issue a notice of deregistration and the company is deemed to be deregistered.
ReactivationA company can be applied for reactivation afterward.