Malaysia Hotline: +603-2141 8908
The Necessity
of Deregistration of Hong Kong Companies
According
to the relevant laws of Hong Kong, Hong Kong companies must conduct annual
return after one year of registration. If they are not processed within the
time limit, they will accumulate a cumulative fine. If they have been ignored
the annual return, they will receive a government subpoena. At the same time,
the Hong Kong government will force a winding-up and deregistration. The
company will have to pay the annual return fee and the accumulated fine. The
company’s directors will also be blacklisted and their personal reputation will
be impaired. It has a negative impact on its business in Hong Kong. Therefore,
when Hong Kong companies are no longer running, timely deregistration is the
right, safe and legal choice.
Hong Kong Company
Deregistration Procedures
After
a Hong Kong company has been operated for a period of time, if the company
wants to suspend their business, the company must apply for deregistration procedures
in accordance with the requirements of laws and regulations of Hong Kong
companies.
1. The applicant applies to the
Hong Kong Inland Revenue Department for “Notice of non-objection.”
2. Cancellation of bank accounts;
3. Submit the notices and
documents to the Hong Kong Companies Registry for application of company
deregistration;
4. The application will be
gazette in The Hong Kong Companies Registry (if no written objection was
received); the Hong Kong Company was officially deregistrated.
Conditions
for Non-Objection Notice
The
Commissioner of Inland Revenue will issue a Notice of no objection under the
following circumstances:
1. The company has never operated or has
ceased to operate;
2. The company will not start / re-opened;
3. The company has sold all inventories,
properties and securities;
4. The company has no unpaid taxes
including profits tax, property tax, stamp duty, business registration fee and
fines and court fees related to such taxes;
5. The company has no responsibilities
that have not been completed under the Inland Revenue Ordinance, including the
return of the tax return that has been issued by the Inland Revenue Department,
and the written notice to the Secretary for the company that it is taxable for
any year of assessment but has not received the tax return for the relevant
year;
6. The company has not yet responded to
any inquiries issued by the Inland Revenue Department;
7. The company's assessment has no
outstanding objections or appeals.
Remarks: If the company does not meet
any of the above conditions, it will not be issued a notice of no objection.
Time
required for Hong Kong Company Deregistration
About half a year to one year (the
application will be published twice in the Gazette. After the publication of
the first gazette notice, there will be a three-month deadline for objection.
If the Registrar has not received any objection during that period, the second
gazette notice will be published, at which time the company will be dissolved.
The applicant will be notified after the cancellation of the registration
process and the dissolution of the company.
Required
Information for Hong Kong Company Deregistration
1. An original Hong Kong company
registration certificate;
2. An original Business Registration Certificate;
3. An original copy of the company's charter
(English version);
4. A small round Company Stamp;
5. Companies that are less than one year
old need to provide statutory documents, and companies that have completed one
year must provide an annual return;
6. The identity certificate and contact
information of the company's shareholders and directors;
7. A signature version of the directors
and shareholders;
8. Audit Report.
Tannet Malaysia Sdn. Bhd. has over 10
branches located at China and based in Hong Kong, Shenzhen. We
provide several of business solution services to investor from all over the
world. Tannet aims to provide customers with
global, one-stop, full supply chain services to suit our client's requirements.
Contact
us :
If you have further queries, please
contact Tannet
24 hours Malaysia hotline：603-21418908;
24 hours Hong Kong hotline：852-27837818;
24 hours China hotline：86-755-
36990589;
Email: mytannet@gmail.com
TANNET GROUP :
http://www.tannet-group.net, http://en.tannet.com.my