How to close a Hong Kong company?

If you decided to close a Hong Kong company, you must take several steps first to ensure all legal and financial oblifations are fulfilled. Closing down a Hong Kong company involves several steps and the overall process take about 6-9 months to complete. A company can be closed either by “De-registration” or “Winding Up“.

Deregistration of a company

Deregistration is a relatively simple and fast way to dissolving a defunct private limited company. A company can apply to deregister under s 291AA, providing that the following conditions must be satisfied:

  • All the members of the company agreed to the Deregistration of the Company.
  • The company has never commenced business or operation, or has ceased to carry on business or ceased operation for more than 3 months immediately before the application
  • The company has no outstanding liabilities.
  • The company is not a party to any legal proceedings.
  • The company has no immovable property situate in Hong Kong; and
  • if the company is a holding company, none of its subsidiary's assets consist of any immovable property situate in Hong Kong.

If you need further advise on deregister a Hong Kong company or any company secretarial service, please call us at +852 2153 6500 or email us at info@kpc-hk.com.

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