{"id":1230,"date":"2025-05-13T12:28:22","date_gmt":"2025-05-13T04:28:22","guid":{"rendered":"https:\/\/www.mnnbus.com\/?page_id=1230"},"modified":"2025-12-05T16:30:13","modified_gmt":"2025-12-05T08:30:13","slug":"dissolve-a-company","status":"publish","type":"page","link":"https:\/\/www.mnnbus.com\/en\/dissolve-a-company\/","title":{"rendered":"Deregistration of companies"},"content":{"rendered":"
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Deregistration of companies<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Every year in Hong Kong, thousands of companies choose to close their business by \"deregistering\". However, many business owners are reluctant to \"write off\" their business.Deregistration of companies<\/strong>\"Misunderstandings and even procedural errors can lead to serious consequences. In this article, we will thoroughly analyze Hong Kong'sComplete process of deregistering a company<\/strong>The company's mission is to help you complete the final steps of your company's lifecycle in the safest and most cost-effective way possible, with hidden costs, time management, and money-saving tips that professional secretarial firms won't tell you about.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Common Reasons for Dismantling a Hong Kong Company<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Enterprises usually choose to dissolve a Hong Kong company due to the following key factors: business restructuring needs to make strategic adjustments in response to changes in the market; cost control considerations to avoid ongoing compliance costs such as auditing and tax filing; changes in operating conditions, including a prolonged period of business closure or never started; risk management needs to guard against the legal risks that may be brought about by a shell company; shareholders' decision-making factors such as termination of partnership or retirement of the founder; and for asset planning purposes, cross-border business reorganization or relocation overseas.<\/p>

Regardless of your company's situation, M&N's team of professionals can provide the most appropriate solutions to help you complete the deregistration process legally and legally.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Required Conditions for Deregistration of Hong Kong Limited Company<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Required Conditions for Deregistration of Hong Kong Limited Company
In order to apply for deregistration of a Hong Kong limited company, all of the following conditions must be fulfilled at the same time:<\/p>

\u2713 Consent of all members - unanimous consent of all shareholders of the company to deregistration<\/p>

\u2713 Operational Status Requirement - the company has never commenced business or has completely ceased operation for at least three months prior to application<\/p>

\u2713 Clean financial position - the company does not have any outstanding debts or liabilities<\/p>

\u2713 No legal disputes - the company is not involved in any legal action or arbitration proceedings<\/p>

\u2713 Asset Restriction - the company does not have any immovable property in its name in Hong Kong<\/p>

\u2713 Restrictions on subsidiaries - in the case of a holding company, its subsidiaries are also prohibited from holding Hong Kong immovable property<\/p>

\u2713 Inland Revenue Department (IRD) approval - a Notice of No Objection to Deregistration of Company has been obtained from IRD<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Hong Kong Company Deregistration Process<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Stage 1: Pre-qualification and Documentation Preparation<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tA professional consultant conducts an assessment of the company's status, prepares basic documents such as directors' resolutions and shareholders' consents, and confirms that the company meets the qualifications for revocation.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Core Segment: Tax Clearance and Obtaining Approvals<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tSubmit the application for closure of business to the Inland Revenue Department (IRD), complete the final tax return and obtain the key document \"Notice of No Objection to Deregistration\".\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Formal Submission: Registry Application and Publication<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tFiling a petition for deregistration with the Registrar of Companies entails a three-month public notice period for potential creditors to object.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Final Stage: Completion of deregistration and follow-on matters<\/h3>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tUpon expiry of the announcement period and no objection, a certificate of cancellation will be duly issued to complete the bank account settlement and other subsequent matters.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Write-off of company expenses<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThe fees involved in the deregistration of a Hong Kong company mainly include company liquidation and processing fees, deregistration service fees and Companies Registry deregistration application fees. The final total cost depends mainly on the circumstances of the company and the requirements of the deregistration process.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Get the M&N Deregistration Package<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tAll you need to do is provide basic company information, and M&N experts will customize the most cost-effective and efficient deregistration solution for you.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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More M&N Deregistration Company related services<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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\n\t\t\t\t\t\tCompany Secretary\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
\n\t\t\t\t\t\n\t\t\t\t\t\tLearn more\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\tTax Services\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t
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Company Deregistration Frequently Asked Questions<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs it true that a company with a small amount of cash cannot be written off?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

It's not that you can't, but you need to \"clean up before you apply\". The correct process is:<\/p>

  • Distribution of surplus cash by shareholders' resolution<\/li>
  • Detailed notes in the minutes<\/li>
  • Keep records of bank transfers as proof<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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    \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tCan any company apply for deregistration?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

    No. Only local private companies and companies limited by guarantee in Hong Kong can apply for deregistration, excluding those companies specified in section 749(2) of the Companies Ordinance. The company concerned must be a defunct but solvent company.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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    Not required. But necessary:<\/p>

    • Provide effective means of contact (email + phone)<\/li>
    • Authorized Representative Signature Document<\/li>
    • Timely response to government enquiries (usually within 72 hours)<\/li><\/ul><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      This is the most dangerous scenario. The assets will be returned to the government and the process of restoring the company is complicated and costly (from HK$$20,000). Best precaution: Conduct \"Asset Due Diligence\" prior to deregistration.<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow can a deregistered company be reinstated?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

      You may apply to the Court of First Instance for restoration of the company's registration pursuant to section 765(2) of the Hong Kong Companies Ordinance. You may consult M&N Busines, a professional licensed corporate services organization in Hong Kong, for professional advice on the application procedures.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tHow long does it take to restore the registration of a deregistered company?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

      It normally takes about two months to restore the registration of a deregistered company if the documents delivered are in order.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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      \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tIs it necessary to deliver all outstanding annual returns before delivering an application for deregistration of a company?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

      Yes, the company is required to deliver an annual return and fulfill its obligations under the CO until the company is dissolved, failing which it is liable to prosecution.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

      \n\t\t\t\t
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      \n\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t<\/path><\/svg><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\tWhat is the difference between deregistration, striking off and winding up?<\/a>\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t

      All three result in the dissolution of the company.<\/p>

      The winding-up process involves the settlement of the company's accounts and the realization of the company's assets for the purpose of distributing the net assets to the members of the company and dissolving the company. The procedure is set out in Part V of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32).<\/p>

      Deregistration is a procedure whereby a defunct but solvent company may be dissolved by applying for deregistration under section 750 of the Companies Ordinance if it meets the relevant conditions. Deregistration is a relatively simple, inexpensive and quick procedure for dissolving a defunct but solvent company.<\/p>

      As regards striking off, if the Registrar of Companies has reasonable cause to believe that a company is not in operation or carrying on business, the Registrar may, pursuant to Division 1 of Part 15 of the CO, strike off the name of the company from the Companies Register. A company is dissolved when its name is struck off the Companies Register. Striking off is a power conferred on the Registrar by law and a company cannot apply for striking off.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

      \n\t\t\t\t\t\t
      \n\t\t\t\t\t
      \n\t\t\t
      \n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

      \u8a3b\u92b7\u516c\u53f8 \u5728\u9999\u6e2f\uff0c\u6bcf\u5e74\u6709\u6578\u4ee5\u5343\u8a08\u7684\u516c\u53f8\u9078\u64c7\u4ee5\u300c\u8a3b\u92b7\u300d\u65b9\u5f0f\u7d50\u675f\u71df\u696d\u3002\u7136\u800c\uff0c\u8a31\u591a\u4f01\u696d\u4e3b\u5c0d\u300c\u8a3b\u92b7\u516c\u53f8\u300d\u5b58\u5728\u8aa4\u89e3\uff0c\u751a\u81f3 […]<\/p>\n","protected":false},"author":1,"featured_media":1233,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"site-sidebar-layout":"no-sidebar","site-content-layout":"page-builder","ast-site-content-layout":"full-width-container","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"disabled","ast-breadcrumbs-content":"","ast-featured-img":"disabled","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"set","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"class_list":["post-1230","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/pages\/1230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/comments?post=1230"}],"version-history":[{"count":83,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/pages\/1230\/revisions"}],"predecessor-version":[{"id":4223,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/pages\/1230\/revisions\/4223"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/media\/1233"}],"wp:attachment":[{"href":"https:\/\/www.mnnbus.com\/en\/wp-json\/wp\/v2\/media?parent=1230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}