If a Hong Kong company fails to do annual inspection and tax returns for years, it is sure to be penalized by the government for not doing so on time.
If a roomHong Kong companyThe initial penalty is generally a fine. If the fine is not paid within the prescribed period, it will be prosecuted. If the prosecution does not answer the lawsuit for a long time, it may be unilaterally pronounced by the court. Of course, this is if you have assets in Hong Kong, if you don't have assets, you can't enforce it, and then you may force the closure of the Hong Kong company.
So if you want to restore thisHong Kong company, you need to check the current state of the company to see whether it has been fined or sued, or even shut down. Normally, it can be restored as long as it is not forced to cancel. If you want to recover, first of all, you need to pay the government fines and late fees for not doing annual inspection and tax declaration before to the relevant departments, and then make up the unfinished annual inspection and tax declaration before. When all these are finished, this Hong Kong company can resume use. Of course, even if it is cancelled, it can be recovered, but such a company's recovery process is very complicated, requires the intervention of lawyers, and the cost is very high, in this case, it is better to re-register oneHong Kong company.
CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.