Looking to close your Hong Kong Limited company?

That is really unfortunate.

We understand life happens, business changes, things go on.

We are here to help you when you need it, and offer a Hong Kong company deregistration service.

Note: Must File For Deregistration

To start, you need to file for deregistration, don’t ignore it and hope it will go away.

It is critical to keep up to date with the filing in Hong Kong. It is not acceptable to simply stop filing your annual return (NAR1). The HK government will NOT automatically strike off the company. In Hong Kong, you must notify the Hong Kong Company Registry and file the appropriate forms to close things down properly.

What You Need To Deregister Your HK Company?

So you want to make this happen, and close up shop in Hong Kong. The process is pretty straight forward, we will need to know:

  • When did you file your last audit?
  • What are the latest correspondence letters from the IRD?
  • Do you have the financials and bookkeeping for the period since your last audit?

If you are missing some or all those items, we can still help you out. Just bear in mind those are extra service offerings. You appreciate transparency, and we give it to you!

If you have all those items, it will be pretty straight forward. We have a flat fee that includes all government forms and government fees when you use our service.

Alternative – Going Into Standby Mode

There are other options besides fully deregistering your company. You can also choose to “put it on ice”for a year or more until you are ready to use it.

This way, you can keep the company name, keep any ownership of assets such as real estate or IP in the company, and other contracts and agreements. Want to start the business again, quickly “turn the company back on” when you are ready to go into active operations.

Interested in this service instead? We also put that on the pricing menu at the bottom of this page for you to opt for instead of fully deregistering.

If On Ice – Cannot Have Any Activity Inside

Please note, that if you do opt instead to put your company on ice, you really need to make sure you’re not operating it. This means no cash flowing in or out. No new business contracts. No staff. It is simply in existence, but is not utilized.

What You Need To Know

You may be wondering how the process works. It is a stressful time when you choose to close the company. We want to provide all the details to you so you can rest assured you’re doing the right thing. Some common questions clients ask us:

How long does the process take?

How About My bank account and credit card?
You should close your bank and credit card as soon as possible. You need to shut down and close anything in the company name before we go ahead with the deregistration.

Why? Well, banks have told us if the company is already closed and the director comes to claim the funds, this is a no-no. Bankers have told me that they have required the director to re-open the company to get the money out. Then the director needs to show the company documents and business registration certificate to withdraw the funds.

For the company credit card, many people have time security deposits. Want to get the deposit back? Those take up to 60 days – to the business bank account. So I would advice you to start the process of closing the company 3 or 4 months earlier than you want to file it with us.

What happens to the company name?
Once we deregister the company, another person can setup a new HK limited with the same company name. Thus, some people choose to instead put the company on ice instead to hold their company name. Please note, a company name in Hong Kong is not the same as a Hong Kong trademark – there is a separate process for that.

Our Deregistration & “On Ice” Packages

Ready to bite the bullet and either deregister or put the company on ice? Below our are all-in-one priced packages.

Of course, this is a big decision for you. If you want to contact us, please do, and we will do our best to answer any and all questions.