2. After receiving the cancellation application, the tax bureau will check the company's tax return. If any tax return is not completed or the business registration certificate fee is not paid in full, the Inland Revenue Department will issue a notice requesting Hong Kong companies to make up the return tax return; If the tax is normal and there is no arrears, the tax bureau will issue a notice of cancellation without objection after one month;
3. Submit the form of "NDR 1" to the Company Registry;
4. About two months later, the Registry will issue a notice of cancellation and publish a notice in the Gazette to announce the cancellation of the company;
5. Three months after the announcement, there is no objection, and the registration office is officially cancelled; After the cancellation of the company, the registration office will issue a notice of cancellation completion;
In the process of company cancellation, we need to pay attention to the following points.
1. If a Hong Kong company has opened a Hong Kong bank account, it must cancel the Hong Kong bank account before it can cancel the Hong Kong company;
2. When applying for cancellation of a Hong Kong company, it is best to cancel it three months before the annual review of the Hong Kong company expires, otherwise it will take an extra year for the company's annual review and tax filing;
3. In the process of cancellation of Hong Kong companies, if the Hong Kong tax authorities find that Hong Kong companies have unfilled tax forms, they will ask Hong Kong companies to fill in the declared tax forms before going through the cancellation procedures. If the company has undeclared tax forms and generates fines, the company will be required to repay the fines and tax forms before canceling the company.
If a Hong Kong company decides not to cancel its business activities, and at the same time does not conduct annual inspection, tax filing and other administrative actions, the directors of the Hong Kong company will be punished by Hong Kong laws and even blacklisted by the Hong Kong government, which will not only prevent the registration of new Hong Kong companies, but also lead to serious consequences such as restrictions on entry and exit. Therefore, if you don't plan to set up a Hong Kong company, you must cancel it in time to avoid unnecessary trouble.