Hong Kong companyAfter determining not to use, it is necessary to handle the cancellation of Hong Kong company in time. Do not cancel in time, also do not do the annual company inspection, the Companies Registry will be after the expiration of the annual inspection3I will send a letter to inform the company about the annual inspection in about months, and the company will also incur a fine for overdue annual inspection. If the company continues to ignore it, it will later face court summonses, and its shareholders and directors could be blacklisted by the Hong Kong government.

Before cancellation, the Hong Kong company needs to confirm whether the company is in arrears with the government payments or has other unfinished matters, such as annual inspection fees, business registration certificate fees, taxes, government fines, and the company's foreign debts. ifHong Kong companyI also need to submit the financial statements within the last three months and the audit report of the latest year to the tax bureau. If the company does not have a bank account and is inactive, it is not required to submit financial statements and audit reports.

After the preliminary matters are completed, it is necessary to apply to the tax Bureau for issuing the notice of cancellation of no objection, whenHong Kong companyUpon receipt of the notice of no objection issued by the Inland Revenue Department, an application for company cancellation can be submitted to the Companies Registry. At this point it is only necessary to wait for the completion of the Gazette notice (for3-5A month). If there is an objection during the period of publication, the company cannot withdraw. If there is no objection, after the publication is complete, the government will send an official letter formally informing the company that the withdrawal procedure has been completed. Upon receipt of the revocation receipt, the revocation of Hong Kong Company is officially completed. Hong Kong company revocation of the entire process required9-12A month.

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