CLOSING DOWN A HONG KONG COMPANY

The process of closing down a company is referred to as “liquidation” in general. Companies can be liquidated either by “De-Registration” or “Winding Up”. The procedure will result in the dissolution of a company. 
 

De-registration is a relatively simple, inexpensive and quick procedure for dissolving defunct private companies who meet certain specific requirements.

Winding up is the process of appointing a liquidator who will settle the accounts, pay off the company’s debts (if any), liquidate the assets of a company and distribute the surplus assets (if any) to members, ensuring that the company is completely dissolved.

 

De-registration of a company

REQUIREMENTS

  • All the members of the company agree to the deregistration

  • The company has never commenced business or operation or has ceased operation for more than 3 months immediately before the application

  • The company has no outstanding liabilities

  • The company must obtain a written notice of no objection from the Commissioner of Inland Revenue

Measures to be taken before submitting Deregistration

Close all bank accounts 
(all cash or cash equivalents will be transferred to the government treasury after successful deregistration)

  • Clear all Liabilities (to all business partners)

  • No properties in the name of the deregistering company

  • Dispose of all assets which are  the companies name

ABOUT US

Gee Kay Systems & Accounting Limited is a Kowloon (Hong Kong) based company that was founded in the year 1999. The entity is running very smoothly with the capable guidance of its Director- Mr. Kannan Krishnan.

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Location : ​Room 1308, 13/F, CEO Tower, 
77 Wing Hong Street, Cheung Sha Wan, 
Kowloon, Hong Kong.

Contact : info@geekaysys.com

Tel  :  +852 27442685
Fax :  +852 35448091

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