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Company Deregistration

Company Deregistration: Simplified Cancellation for Non-Operating Companies, Saving Time and Costs

“Company Deregistration” specifically refers to the “deregistration of non-operating companies” procedure under Part 15AA of the Companies Ordinance. It is a relatively simple, fast, and low-cost approach, exclusively applicable to private companies that have been dissolved, never operated, or have ceased operations, with no outstanding debts (including taxes) or assets. Compass Accounting assists eligible companies in completing the deregistration process quickly, eliminating the cumbersome liquidation procedure, allowing you to settle company affairs effortlessly.

Our Deregistration Services​
  • Eligibility Assessment: Conduct a detailed review of your company’s status to confirm full compliance with the statutory conditions for deregistration.
  • Tax Clearance: Apply to the Inland Revenue Department for a “Notice of No Objection to Deregistration” on behalf of the company, ensuring all tax liabilities are properly resolved.
  • Document Preparation and Submission: Prepare and submit all required forms to the Companies Registry, including application forms signed by directors, shareholders, or the company secretary.
  • Full Process Follow-Up: Handle inquiries from government departments and follow up on the entire application process until the Companies Registry issues a deregistration notice.
  • Handling Ineligible Cases: If the company is ineligible for deregistration (e.g., still has assets), we will provide advice and services to convert to formal liquidation (winding up the company).

Deregistration Service for Hong Kong Limited Companies*:

Government Fees (Actual Reimbursement)Annual Return Fee HK$105
Application for Notice of No Objection from Inland Revenue Department HK$270
Application for Deregistration and Gazette Publication with Companies Registry HK$420
Service FeeHK$1,500
Total (Discounted Price)HK$2,295
*Processing time is approximately 12 months Procedure for Deregistering a Hong Kong Limited Company:

After filling out the application form, the client shall submit it to Compass along with copies of the company’s Business Registration Certificate, Certificate of Incorporation, and the latest Annual Return.
A dedicated representative from Compass will contact the client to verify the completeness of the required information and follow up on subsequent company deregistration procedures.

FAQ
My company still has a small amount of bank deposit; can I apply for deregistration?

No. The primary condition for deregistration is that the company has no assets or liabilities. You must first distribute the deposit to shareholders and close the bank account before becoming eligible. Otherwise, you may consider Members' Voluntary Liquidation.

During the deregistration application period, does the company still need to submit the Annual Return and pay the fee?
  1. Yes. Before the Companies Registry formally approves the deregistration application, the company still exists legally and must continue to fulfill its statutory obligations, including submitting the Annual Return on time and paying the Business Registration Certificate fee. Otherwise, fines may be incurred, and the deregistration application may even be affected.
If the company has outstanding debts but I plan to settle them myself, can I apply for deregistration afterward?
  1. Yes. As long as all debts (including supplier payments, taxes, loans, etc.) have been fully settled and relevant proof has been obtained before submitting the application, and the company's status is restored to "no assets, no liabilities", it will be eligible for deregistration. We can assist you in confirming that all debts have been properly handled.
How long does the company deregistration process usually take? What is the fee?
  1. Generally, the entire deregistration process (from application to formal deregistration) takes approximately 6 to 8 months. The fee depends on the service content, such as whether it is necessary to handle complex tax clearance situations. Please provide your company's basic information, and we will offer you an accurate quotation.

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