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Company Deregistration

Closing a Company: Deregistration of a Defunct Limited Company

Deregistration is a streamlined process for dissolving a defunct and solvent private limited company. In contrast to the liquidation procedure, deregistration offers a convenient and cost-effective method for company dissolution. According to section 750 of the Companies Ordinance, a private limited company may apply for deregistration, provided that it meets the specified conditions outlined in the Companies Ordinance. At Biz & Bird, we can lend our expertise to help you prepare all relevant documents in relation to deregistration and attend filings of all required documents with the Business Registration Office and Companies Registry.

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Why Choose Biz & Bird's Company Deregistration Service?

Deep Understanding

Profound expertise in company deregistration practices

公司秘書專業人士

Trusted Professionals

Possessing extensive and professional experience in company deregistration

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Cost Effective

Achieve deregistration while saving more

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What Conditions Does a Company Need to Meet In Order To Apply for Deregistration?

Requirements Specified in Section 750 of the Companies Ordinance

  1. All the shareholders agree to the deregistration;

  2. 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;

  3. The company has no outstanding liabilities;

  4. The company is not a party to any legal proceedings;

  5. The company’s assets do not consist of any immovable property situate in Hong Kong; and

  6. If the company is a holding company, none of its subsidiary’s assets consist of any immovable property situate in Hong Kong.

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Company Deregistration Process

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Steps

  1. Prepare the director resolution to confirm that the conditions specified in section 750(2) of the Companies Ordinance have been satisfied

  2. Prepare the shareholder resolution as proof of agreement for the deregistration

  3. Settle all the liabilities including outstanding tax liabilities (e.g. Profits Tax, Property Tax, Stamp Duty, Business Registration fee, etc.)

  4. Once all liabilities were settled, distribute the remaining assets to the shareholders

  5. Obtain a "Notice of No Objection to a Company being Deregistered" from the Commissioner of Inland Revenue

  6. Within 3 months from the date of issue of the "Notice of No Objection to a Company being Deregistered", deliver the required documents to the Companies Registry

  7. Deregistration completed

 

Note:

Deregistration in Hong Kong will normally take around 6 months

Company Deregistration Service Plan

*Applicable to limited companies only

Most Popular Plan

DE Pro

Company Deregistration Services Only
 

2,680
HK$

* Government fee included
IRD Fee: HK$270

Company Registry Fee: HK$420

Company Deregistration Services

  • Prepare the resolutions of director(s) to confirm that the conditions specified in section 750(2) of the Companies Ordinance have been satisfied

  • Prepare the resolutions of shareholder(s) as proof of agreement for the deregistration

  • Prepare and submit the Form IR1263 (Request under section 88B of the Inland Revenue Ordinance for a Notice of No Objection to a Company / Limited Partnership Fund being Deregistered)

  • Prepare and submit the form NDR1 (Application for Deregistration of Private Company or Company Limited by Guarantee) to the Company Registry

  • Assist in answering the query from Inland Revenue Department and Company Registry

  • Biz & Bird's office address serves as the correspondence address for company deregistration

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