Hong Kong Company Deregistration (Strike Off) - Fees and Procedures
1. Hong Kong Company Deregistration Costs
| Item |
Description |
Costs |
| 1. |
Our service fees |
USD325 |
| 2. |
Fee for application of Notice of Notice of No Objection for Deregistration of a Defunct Company (paid to the Inland Revenue Department) |
USD45 |
| 3. |
Fee for application for strike off (to the Companies Registry) |
USD55 |
| 4. |
Disbursements |
USD25 |
|
TOTAL |
USD450 |
| Processing time |
Around 6 months |
2. Our Hong Kong Company Deregistration Services
Our deregistration services includes:
| (1) |
Review corporate documents and tax filing history so as to make sure nothing is pending before filing the application for deregistration |
| (2) |
Prepare minutes of board of directors in respect of the deregistration and other documents for application for deregistration (strike off) |
| (3) |
Apply to Hong Kong Inland Revenue Department (IRD) for Notice of No Objection for Deregistration of a Defunct Company |
| (4) |
Apply to Hong Kong Companies Registry for deregistration |
Note: Our fees stated above do not delivery fees for sending the deregistration documents to you for your signing.
3. Deregistration Application Procedures
| (1) |
Client checks for outstanding debts, if any, settles the debts; |
| (2) |
Client checks for trade deposits/utility deposits paid, if any, arranges to collect the trade deposits/utility deposits; |
| (3) |
Client arranges to close the corporate bank account, if any; |
| (4) |
Kaizen prepares deregistration application documents and arranges to have them signed by client; |
| (5) |
Kaizen applies in writing to Hong Kong Inland Revenue Department (IRD) for a Notice of No Objection for Deregistration of a Defunct Company. It may take up to four weeks to receive the said Notice; please be reminded that the said Notice will only be issued in the case that the company to be de-registered owes NO money to the Hong Kong Government and NO outstanding tax returns; |
| (6) |
Kaizen applies in writing to Hong Kong Companies Registry for de-registration of the company. It may take well up to six months after the filing of application for the Companies Registry to de-register your company. |
4. Time Frame to Strike off a Hong Kong Company
The whole process to have a company officially struck off the Register will take around 6 months.
Note:
(1) Before we file the application for deregistration, you should close the corporate bank account and also make sure that there is no outstanding accounts receivable.
(2) If your Hong Kong company has never commenced trading since its incorporation, then audit of financial statements is not required prior to application for deregistration.
In any case that you will not be able to come to Hong Kong to close the corporate bank account or if you are having trouble closing the corporate bank account, we could assist you to close the bank account for a fee of USD125.
Further reading: Application for deregistration of a defunct Hong Kong private company
For further information or assistance, please call us at:
Hong Kong Office: +852 2341 1444
Shenzhen Office: +86 755 8268 4480
Shanghai Office: +86 21 6439 4114
Beijing Office: +86 10 6874 8420
Singapore Office: +65 6883 1061
or send email to enquiries@bycpa.com.
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