Apply for Dormant Company Status

Overview: A dormant company is an HK Company/Legal Entity that has no significant accounting transactions during a fiscal year. The word “Dormant” refers to inactive or inoperative.

Main specifications:

• a dormant company/legal entity is exempt from filing an annual return and holding an annual general meeting
• a dormant company/legal entity is exempt from preparation of audited financial statements

Purpose:  Apply for Dormant Company Status

Registering authority: the HK Trade Register

Term of registration: 2-3 working weeks

Personal presence: Not required

Conditions for registration:

• No significant accounting transactions
• General meeting of the owners (e.g. shareholders, members) on declaring the Dormant status of the company/legal entity

Required documents:

• Passport or European ID card (for all associated persons)
• Proof of residential address not older than 3 months (for all associated natural persons)
• Extract from the Trade Register not older than 3 months (for all associated legal persons)
• Signed Special Resolution on declaring the Dormant status of the company/legal entity