In case you want to deregister your company, you should have management accounts prepared and audited up to the date of cessation of business, unless no business operation has commenced yet. If you have any outstanding Profits Tax Return you should file it together with the audit report to the Inland Revenue Department (IRD) and settle tax payable, if any, first. Otherwise, we can proceed to submit an application for no objection to a company being deregistered to the IRD (together with the final audit report, if any – note IRD may subsequently issue a PTR if a profit is reported and this must be dealt with before no objection will be given). Notice of no objection is usually given within 1 month (from when all outstanding PTRs have been reviewed, if any) then within 3 months of issue it must be filed together with an application for deregistration to the Companies Registry (CR) and it will then take around five months for the company to be officially deregistered.
Note that there is no standard fee for preparation of management accounts and audit. It depends on the volume of transactions. If the management accounts are ready, you can email the financial statements to us and we can send you a proposal for the audit part. If no management accounts are prepared (before auditing), you can fill in our questionnaire and we will be able to quote our services.
For legal deregistration, our fee is HKD8,500. Shall you need to proceed, please send us an e-mail at [email protected]
Read our related article: