Hong Kong Company Deregistration Service

If you no longer intend to operate your Hong Kong limited company, simply leaving it dormant will lead to accumulated annual return fines, tax penalties and potential director liabilities. We provide one-stop voluntary deregistration service for solvent inactive Hong Kong private companies, strictly following the Companies Ordinance (Cap.622) to complete tax clearance and formal cancellation procedures, helping you achieve legal company dissolution without hidden risks.

Get Free Deregistration Quotation

1.What Is Hong Kong Company Deregistration

Voluntary Deregistration is the official procedure for closing a defunct solvent Hong Kong private limited company. Before submitting application to Companies Registry, the company must obtain the Notice of No Objection from the Inland Revenue Department to confirm all tax obligations are fully settled. Once approved, the company will be officially dissolved and removed from the Companies Register via Gazette notice.

Important Reminder: Deregistration only applies to companies that have ceased business, have zero outstanding debts, no ongoing legal disputes and no immovable property in Hong Kong. Companies with assets or liabilities need to proceed with formal winding-up instead.

2. Mandatory Eligibility Conditions For Deregistration

✅All shareholders unanimously agree to deregister the company

✅The company has ceased all business operations for at least 3 months before application

✅No outstanding debts, loans or unpaid government fees & penalties

✅Not involved in any ongoing litigation or arbitration cases

✅No land, property or immovable assets located in Hong Kong

✅All corporate bank accounts have been closed before submission

✅All tax returns, audit reports and annual returns have been fully filed up to date

✅Obtain official Notice of No Objection from IRD

3. Our Full Deregistration Service Coverage

✅Pre-Deregistration Compliance Review

Check outstanding annual returns, tax filings, overdue fines and confirm eligibility.

✅Prepare Board & Shareholder Resolutions

Draft all required official resolutions signed by directors and members.

✅Apply IRD Notice of No Objection

Submit IR1263 form, liaise with tax department and follow up clearance letter.

✅File NDR1 Application to Companies Registry

Complete and submit official deregistration application form NDR1.

✅Whole Progress Tracking & Updates

Regular status updates during gazette publication and review period.

✅Issue Final Dissolution Certificate

Provide official dissolution notice after company formally removed from register.

4. Standard Deregistration Procedure

✅Step 1 Document Evaluation

Check if company meets deregistration criteria

✅Step 2 Settle All Arrears

Clear overdue annual return & tax penalties

✅Step 3 Apply Tax Clearance

Wait for IRD No Objection Letter

✅Step 4 Submit NDR1 Form

Application to Companies Registry

✅Step 5 Gazette Announcement

Two official gazette notices

✅Step 6 Officially Dissolved

Receive dissolution confirmation

5. Service Price List

Fee Explanation:

1. Official government filing fees, IRD tax clearance charges are included in the package price.

2. Audit report fees are not included.

3. Overdue annual return penalties will be calculated separately.

4. Rush priority processing service available upon request.

6. Required Documents For Deregistration

✅Basic Company Documents

• Certificate of Incorporation

• Latest Business Registration Certificate

• Most recent Annual Return NNC1

✅Tax & Accounting Records

• All previous audit reports & tax returns

• Bank closure confirmation letter

• Latest financial statements

✅Director & Shareholder Information

• Passport copies of all directors & shareholders

• Contact information for receiving official notices

• Signatures for resolution documents

7. Risks If You Abandon An Inactive Company

✅Continuous annual return penalties accumulating every year, up to HK$70,200 per year

✅IRD will issue tax demands and fines for missing profits tax filings

✅Directors may receive court summons from Companies Registry or Inland Revenue Department

✅Future restrictions on registering new Hong Kong companies for the same directors

✅After administrative striking-off, company assets will become government bona vacantia

✅Directors remain liable for any unpaid tax and debts even after being struck off

8. Frequently Asked Questions

✅Q1: Can a company with bank accounts apply for deregistration?

A: No. All corporate bank accounts must be fully closed before submitting deregistration application.

✅Q2: What is the difference between Deregistration and Striking Off?

A: Deregistration is voluntary application by shareholders. Striking off is compulsory administrative removal initiated by government for non-compliant companies, which carries higher legal risks for directors.

✅Q3: Can I still restore the company after deregistration?

A: Voluntarily deregistered company can only be restored via formal court application, procedure is complicated and costly.

✅Q4: Does dormant company need audit before deregistration?

A: If the company opened bank accounts and has transaction records, full audit and tax filing must be completed to obtain IRD No Objection Letter.

Safe & Formal Hong Kong Company Deregistration ServiceAvoid endless fines and director liabilities.

Our professional team handles the whole deregistration process including tax clearance, official form submission and status follow-up, helping you legally close your Hong Kong company smoothly.