Cancellation of Hong Kong company - Cancellation of Hong Kong company

Keywords：

Home: > Project > Hong Kong corporate services > Cancellation of Hong Kong company

Cancellation of Hong Kong company

According to the Companies Ordinance and the Taxation Ordinance of the Hong Kong Government, if a Hong Kong limited company ceases to operate, it needs to go through the cancellation procedure according to law. Cancellation time of Hong Kong Company: The company in Hong Kong shall start from the date of application for cancellation8-12A month.

Consequences of uncancelled Hong Kong companies with no operations

If your Hong Kong company is no longer in operation and fails to make annual audit and tax return on time, then you will be punished by the Companies Registry and the tax Bureau.

fineWill be subject to fines by the Companies Registry and Inland Revenue Department (based on the overdue date)
SueThose who fail to settle the fine within the time limit will be prosecuted to court
Be blacklistedIf the lawsuit is not handled by the court, the Hong Kong company will be forcibly revoked and the investor will be blacklisted.

If the Hong Kong company wants to cancel, it is suggested to cancel as soon as possible, because in the process of cancellation, if the Hong Kong company is up to the time of annual inspection, it needs to complete the annual inspection before continuing the cancellation process of the Hong Kong company. Applying for cancellation as soon as possible before the annual inspection of the next year can also save part of the annual inspection costs.

Documents required for cancellation of Hong Kong company

company
Certificate of registration
commerce
Registration certificate
anniversary
Declaration form
Made by our companyNDR1And request the Inland Revenue Department to issue a signed document of no objection to the notice of deregistration

Hong Kong company cancellation process

01 First, under the Inland Revenue Ordinance (No 112 Chapter) 88B Article requires the Inland Revenue Department to issue a notice of no objection to the deregistration of a company.
02 Upon receipt of the application, the tax bureau will check whether the Hong Kong company has any other unfinished matters, and require the Hong Kong company to complete the unfinished matters first. If not, it will issue a notice of no objection to the deregistration of the Hong Kong company.
03 Upon receipt of a notice of no objection to the deregistration of a Hong Kong company from the Inland Revenue Department andNDR1The documents are submitted together to the Companies Registry.
04 The Companies Registry will make a public announcement after receiving the application for cancellation. If there is no objection after the announcement, the Hong Kong company will be cancelled.