Deregistration of Defunct Solvent Private Companies
The company or a director or member of the company can apply this efficient, effective and cheapest method to cease a business of Hong Kong Limited Company.
Under what circumstances can an application be made?
- all the members of the company agree to the deregistration;
- 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; and
- it has obtained a written notice of no objection from the Commissioner of Inland Revenue.