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──Oct 13 , 2021What should Hong Kong companies do before the cancellation?

If the Hong Kong company registered after, according to the company's late management planning, need temporaryCancellation of Hong Kong company, and some customers will feel trouble, do not go to the management of the Hong Kong company shelved in that, and so on, if there is demand again, but do not know that this risk is very high, if found later, it will cause a lot of unnecessary fines.

Prepare the application under the Hong Kong Companies OrdinanceCancellation of Hong Kong companyThe company must meet the following conditions.1) All members of the company agree to deregister;2) The company has not commenced operation or carried on business or is immediately before the application is made3No operation or business carried on within a month;3) The company has no outstanding debts;4) The company is not a party to any legal proceedings;5) The company's assets do not include real estate located in Hong Kong;6)(If the company is a controlling company) The assets of all subsidiaries of the Company do not include immovable property located in Hong Kong;7) The company has obtained a Notice of No Objection from the Commissioner of Inland Revenue(Notice of No Objection).8) to fulfil its obligations under the Companies Ordinance and to deliver all outstanding annual returns and fees until the company is dissolved;9The account of the company shall be closed in time, and the bank deposits under the account shall be transferred out or dealt with properly in time to avoid property losses that may be caused by the company's cancellation;10Trademarks, patents, Copyrights and other intangible assets (if any) under the company's name shall be transferred out in time or dealt with properly to avoid possible problemsCancellation of Hong Kong companyResulting in property damage.

What should Hong Kong companies do before the cancellation?

CycloseThe company is committed to providing domestic and foreign customers with corporate audit, tax declaration, registration, annual inspection, tax planning and other services in Hong Kong, Singapore, Dubai and other regions. Efficient, rigorous, intimate service has been favored by many private enterprises, listed companies and large state-owned enterprises.

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