Liquidation of a Company/Legal Entity

Overview:  If you decide to terminate your business, you need to liquidate (winding up) your company/legal entity. If your company/legal entity has no debts, it may be liquidated within the voluntary liquidation procedure.

Main specifications:

• rapid liquidation of a company/legal entity
• deregistration from the HK Trade Register (struck off)
• only applicable when there are no assets/debts
• liquidator/bookkeeper is appointed to keep the accounts of the company/legal entity for 7 years

Purpose: Turbo-liquidation of a company/legal entity

Registering authority: the HK Trade Register

Term of registration: 1-2 working weeks

Personal presence: Not required

Conditions for registration:

• Liquidator/ Bookkeeper – 1 natural/legal person of any nationality/jurisdiction
• Absence of assets/debts

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 Decision on the liquidation of a company/legal entity
• Final Balance Sheet