Contrary to popular belief, if a company has not commenced business or has ceased business it is not automatically considered as dormant. In Hong Kong, you must officially register your company as dormant. Only that way will you be relieved of certain basic annual requirements as shown in our graphic here.
From the day your company is registered as dormant you should have no significant accounting transactions until the day you decide to active the company again. If you want to know more about dormant registration check out our article.
If you need our help, we can assist to prepare the necessary documentation to register your company as dormant for a flat fee of HKD3,000.