Under the Companies Ordinance (Cap. 622) of the Laws of Hong Kong, only a local private company or a local company limited by guarantee, other than those companies specified in section 749(2) of the Companies Ordinance, may apply for deregistration.The company must be a defunct solvent company.
The company must meet the following conditions before making an application for deregistration:
a) all the members of the company agree to the deregistration;
b) 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;
c) the company has no outstanding liabilities;
d) the company is not a party to any legal proceedings;
e) the company’s assets do not consist of any immovable property situate in Hong Kong;
f) if the company is a holding company, none of its subsidiary’s assets consist of any immovable property situate in Hong Kong; and
g) the company has obtained a “Notice of No Objection to a Company being Deregistered” (“Notice of No Objection”) from the Commissioner of Inland Revenue.
- Review corporate documents and tax filing history to ensure no outstanding matters
- Prepare required documentsfor application of deregistration
- Apply to IRD for Notice of No Objection for Deregistration of a Defunct Company
- Apply to Hong Kong Companies Registry for deregistration
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