How to close a Hong Kong company? KPC Corporate Services

If you decided to close a Hong Kong company, you must take several steps first to ensure all legal and financial oblifations are fulfilled. Closing down a Hong Kong company involves several steps and the overall process take about 6-9 months to complete. A company can be closed either by “De-registration” or “Winding Up“.

Deregistration of a company

Deregistration is a relatively simple and fast way to dissolving a defunct private limited company. A company can apply to deregister under s 291AA, providing that the following conditions must be satisfied:

• All the members of the company agreed to the Deregistration of the Company.
• The company has never commenced business or operation, or has ceased to carry on business or ceased operation for more than 3 months immediately before the application
• The company has no outstanding liabilities.
• The company is not a party to any legal proceedings.
• The company has no immovable property situate in Hong Kong; and
• if the company is a holding company, none of its subsidiary's assets consist of any immovable property situate in Hong Kong.

If you need further advise on deregister a Hong Kong company or any company secretarial service, please call us at +852 2153 6500 or email us at info@kpc-hk.com. Also KPC provides all kinds of Hong Kong Company Formation services in affordable prices.

Visit: https://hk-companyformation.com/deregistration-of-hong-kong-company.php