FAQ - Deregistration of H.K. Limited Company

FAQ - DEREGISTRATION OF H.K. LIMITED COMPANY

Q.1:What are the conditions of Deregistration of H.K. Limited Company?
Ans: According to Section 291AA of Companies Ordinances, a Hong Kong Limited Company could apply for deregistration only if the company:
  1. never commence business since incorporation; or has ceased business over 3 months before the application; and
  2. no outstanding liabilities, and
  3. All Shareholders agreed to do so.
Q.2:If company still has liability, can it apply for deregistration?
Ans: Yes, it can. But it is subject to the following situations:
  1. the liability is taken up by the parent company, related parties, director, shareholder or organizer;
  2. the creditor is willing to give up the liability. For example, creditors are a group of parent company, related parties, organizer, director and shareholder that have made signatures on agreement to confirm the wavier.
Q.3:What documents are required for applying for deregistration?
Ans: The required documents are outlined as follows:
  1. photocopy of Certificate of Incorporation;
  2. photocopy of Business Registration Certificate;
  3. the latest Annual Return NAR1 or NNC1.;
  4. the latest audited Financial Statements;
  5. M & A .
Q.4:How long will it take for the application of deregistration ?
Ans: It generally takes about 6 months.






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