How long does it take to close a Hong Kong company?

How long does it take to dissolve a company in Hong Kong? There are two main ways to dissolve a solvent company in Hong Kong: by deregistration and by liquidation. A company with no assets and liabilities can be deregistered within 6 to 9 months or be liquidated within 12 months.

How long does it take to deregister a company in Hong Kong?

A letter acknowledging receipt of the application for deregistration will be issued by the Companies Registry in about five working days.

How do I close my Hong Kong company?

To de-register the Hong Kong company, you would need to submit the necessary forms to the Registrar of Companies. This is a step that must be taken after your HK business has received the “Notice of No Objection.” Both the “Notice of No Objection” and the needed fee must be submitted along with the form.

How long does it take to deregister a company?

The process can take up to two weeks. Deregistration will take place two months after ASIC publishes its notice. If you change your mind about deregistering the company, you may be able to stop deregistration.

How do I close a sole proprietorship in Hong Kong?

Cancellation of Business Registration

  1. If you cease your business or any branch business you must notify the Business Registration Office in writing within 1 month of the date of cessation. …
  2. Every company incorporated in Hong Kong under the Companies Ordinance (Cap.
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What happens if your company is struck off?

Once a company strike off form has been filed, the company can no longer trade, sell company assets or become involved in any other business activities. For all intents and purposes, your business is closed.

What happens to a company after strike off?

If a company is struck off before its share capital or company assets have been distributed then it becomes the property of the Crown by virtue of ‘Bona Vacantia’ .