Deregistration and Restoration
Deregistration at the Company Registry
Deregistration is a procedure to dissolve a defunct and solvent private limited company. Deregistration is the easiest and most inexpensive method to dissolve a company. Before applying for deregistration, the company should meet the following requirements:
all the members of the company agree to the deregistration;
the company has not commenced operation or business, or has not been in operation or carried on business during the 3 months immediately before the application;
the company has no outstanding liabilities;
the company is not a party to any legal proceedings;
the company’s assets do not consist of any immovable property situated in Hong Kong;
if the company is a holding company, none of its subsidiary’s assets consist of any immovable property situated in Hong Kong; and
the company has obtained a “Notice of No Objection to a Company being Deregistered” from the Commissioner of Inland Revenue.
A company dissolved by deregistration may apply to the Court of First Instance for restoration.
A company dissolved by striking off by the Registrar of Companies may apply for restoration by court order or by administrative restoration.
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