Deregistration is a relatively simple and cheapest way to dissolve private companies.
Requirements
Under Section 751 of the Companies Ordinance (Cap. 622) of the Laws of Hong Kong, a company applying for deregistration with Companies Registry must meet the following requirements:
- all the members of the company agree to the deregistration;
- the company has never commenced business or operation, or has ceased to carry on business or ceased operation for more than 3 months immediately before application;
- the company has no outstanding liabilities; and
- the company has obtained a “Notice of No Objection to a Company being Deregistered” (Notice of No Objection) from the Commissioner of Inland Revenue.
Frequently asked questions
A private company or a director or member of a company.
The whole process takes about 6 months (from application for written notice of no objection to complete)
You can download the specified form DR1 at www.cr.gov.hk or purchase a hard copy of the form at the Companies Registry on the 14 th Floor, Queensway Government Offices.
To apply for a Notice of No Objection from the Commissioner of Inland Revenue, you can download application form IR1263 from the Inland Revenue Department’s website or obtain the form at the following address:
Address: G/F., or 1/F, Revenue Tower, 5 Gloucester Road, Wanchai, Hong Kong.
Telephone: (852) 2594 1788
Website: www.ird.gov.hk
You can go to Company Registry website www.cr.gov.hk or call us at (852) 2563 0032 for free advice.