Company Liquidation in Hong Kong

A presentation brought to you by LawFirmHongKong.com

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Closing a Hong Kong Company

• Sometimes investors in Hong Kong need to close an existing company.

• The process of closing a company is commonly known as liquidation and it can be done voluntarily or compulsory.

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Reasons for Company Liquidation in Hong Kong

• Some of the reasons why investors can choose to liquidate a Hong Kong company include:

• large debts;• shareholder misunderstandings;• corporate restructuring;• inability to carry on the business and

others.

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De-Registering a Hong Kong Company

• A Hong Kong company can be de-registered from the Companies Registry if all of its members agree to this.

• In order to be de-registered, the company must have ceased all operations three months prior to this process and it must no have any outstanding liabilities.

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Voluntary Company Liquidation in Hong Kong >>

• A Hong Kong company that has outstanding liabilities and is no longer able to pay its creditors can choose to initiate a voluntary liquidation.

• This is done after a special director’s meeting and if all of the members agree to the process.

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>>Voluntary Company Liquidation in Hong Kong

• A liquidator is appointed to oversee the voluntary liquidation process.

• The aim of the liquidation is to satisfy the claims of the creditors. For this purpose, all of the company’s assets are sold. One of our lawyers in Hong Kong can help you throughout this stage.

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Compulsory Company Liquidation in Hong Kong >>

• When a Hong Kong company has outstanding debts and no longer pays its creditors, the liquidation can be asked for in court.

• The High Court issues a decision in this matter if the debts are typically larger than 10,000 HK $.

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Compulsory Company Liquidation in Hong Kong >>

• The court liquidation starts after a petition is filed in court. The assets, properties and shares of the company will be disposed of.

• You can petition for this type of liquidation with the help of our law firm in Hong Kong.

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Assistance for Closing a Company in Hong Kong

• The types of companies that can be liquidated or wound-up in Hong Kong are limited liability companies.

• Regardless of the liquidation method you choose for your company, our attorneys in Hong Kong can help you de-register the company and handle the asset distribution with the help of a liquidator.

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Hong Kong Law Firm

• The experts at our law firm in Hong Kong can help you with various services related to company formation, company management and company de-registration.

• You can contact us if you have any questions about the liquidation process.

Thank You for Your Attention!

For more information please contact us at:

 + 852 8191 3385 (for international clients)

office@lawfirmhongkong.com

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