HK Co. Essentials - Deregistration



For Hong Kong private limited company, deregistration is one of the exit methods for closing of business, which is also a simple, common and straight forward option compare with liquidation (winding up).

Conditions to apply Deregistration

The company must meet the following conditions before making an application for deregistration:

  1. all the members of the company agree to the deregistration;

  2. the company has not commenced operation or business, or has not been in operation or carried on business during the 3 months immediately before the application;

  3. the company has no outstanding liabilities;

  4. the company is not a party to any legal proceedings;

  5. the company’s assets do not consist of any immovable property situate in Hong Kong;

  6. if the company is a holding company, none of its subsidiary's assets consist of any immovable property situate in Hong Kong; and