The cancellation of the company, will produce cost, but also the need for cancellation before three months ahead of the annual, if unchecked, will leave a bad record, and your company if no cancellation would have been fine, as well as the court summons. Therefore, for some of the Hongkong company no longer operating, cancellation is necessary!
I. the necessity of cancellation of the Hongkong company.
In accordance with the relevant laws of the Hongkong region, the Hongkong company registered a full year after the annual review must be carried out, if the overdue still does not apply, will produce a cumulative fine. If you have been ignored, the government will receive a summons, at the same time, the Hongkong government will cancel the compulsory liquidation, enterprises need to pay the annual fee and the cumulative fines, the directors of the company will be blacklisted, personal reputation, adversely affect its operations in Hongkong. Therefore, when Hongkong companies are no longer in use, timely cancellation is the right, safe and lawful choice.
Two, how to write off the Hongkong company?.
1. Cancellation of applicants
The directors of the company and the Legal Secretaries of the company may submit their applications.
2. To apply for cancellation, the following conditions need to be fulfilled
(1) the shareholders and directors of the company agree to cancel;
(2) the company has a normal tax declaration, and no tax issues remain;
(3) the company has no outstanding debt;
(4) the company is not a party to any legal process;
(5) the assets of the company do not include immovable property located in Hongkong.
3, cancellation procedures
(1) the applicant submits written materials to the Hongkong Inland Revenue Department for cancellation;
(2) 1-2 months, when the company had no tax problems, the Commissioner of Inland Revenue issued the "no objection to the cancellation of the company registration notice";
(3) received "no objection to the cancellation of the company registration notice" to Hongkong office to submit the application for cancellation of registration, the director will be the publication of the application for two times in the Gazette, first published in the Gazette, there will be 3 months of objection period. In the event that the director has not received any objections during the period, he will publish second notice in the Gazette, where the company will be formally cancelled.
4. Cancellation time
The cancellation process takes about 6-8 months. Small, micro, attorney online, to provide you with relevant advice and services.