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How to cancel the outstanding accounts of Hong Kong company?

Released Date: May 11,2022 Article Source: HUANZE

Many enterprises registered in Hong Kong companies to do international business, with the development of business, some Hong Kong companies temporarily not used, then need to handle the normal Hong Kong company cancellation procedures. At the time of cancellation, if the Hong Kong company still has outstanding accounts with other parties, how should the creditor and liability relationship of the accounts be handled?

Many enterprises have registered Hong Kong companies to do international business. With the development of business, some Hong Kong companies are not used for the time being, so they need to handle normalCancellation of Hong Kong companyThe program. At the time of cancellation, if the Hong Kong company still has outstanding accounts with other parties, how should the creditor and liability relationship of the accounts be handled? Specific to the situation:

If the money of Hong Kong company is between shareholders, it can be directly offset; If the transaction is not with the shareholders, the relevant transaction should be made inCancellation of Hong Kong companyIt shall be carried forward to the shareholders and adjusted into the shareholders' current funds, but the premise is that a tripartite agreement on the transfer of creditor's rights and debts shall be signed among the objects of the current funds, the shareholders of the Hong Kong Company and the Hong Kong Company.

The above treatment method is to adjust the outstanding creditor's rights and liabilities of the Hong Kong company to the name of the shareholder, who will take over, in this wayCancellation of Hong Kong companyThe normal process of clearing obstacles to ensure that the cancellation of Hong Kong companies smoothly.

How to cancel the outstanding accounts of Hong Kong company?

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