What about non-operating Hong Kong companies? Can you successfully log out as long as you submit the log out file? Are there any special requirements?

It is better for non-operating Hong Kong companies to submit to the Hong Kong government for cancellation in accordance with the formal procedures. If they do not cancel, they will first receive a fine notice from the Hong Kong government, and then receive a summons from the court, forcing the company to be removed from the company. Even company directors and shareholders can be blacklisted by the government,Leave a bad record, personal entry and exit will be affected. Therefore, it is recommended that non-operating Hong Kong companies should go through the normal procedures for the cancellation of the company.

But not all companies that submit for deregistration succeedCancellation of Hong Kong companySeveral important points must be paid attention to:1).Whether there are government debts, including: annual report, business registration fees, taxes, fines; To waive the annual report and business registration fee for the coming year,Submit the cancellation application form at least three working days before the deadline;2).Whether external debt is owed;

In the process of cancellation, the application for no objection to cancellation should be submitted to the Hong Kong Tax Bureau first, and the deadline should be as close as possible3The Inland Revenue Department will check whether the company has any outstanding management matters, such as whether there are outstanding employee returns, whether there are recent auditor reports that have not been submitted. If there are no outstanding matters after examination, the notice of no objection to cancellation will be issued. After obtaining the notice of no objection to cancellation from the tax bureau, submit the company cancellation application to the Companies Registry, and make a public announcement after completion3A cancellation receipt will be issued after the announcement. If anything is not done, the company may not be able to successfully cancel.

Therefore, the Hong Kong company that does not operate had better handle the cancellation in accordance with the formal procedures to avoid unnecessary trouble to the shareholders and directors.

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