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.

 

Restoration

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.

 

Looking for professional support? Contact Us