Mitsuba International - Deregistration and Liquidation

When Come to an End ...
A company is set up to run its objective, international trade, or other business matters, and it must be operated and administered properly and professionally. From time to time, a company come to the end of its planned or actual life, and it must be terminated professionally, equitably, and completely. Mitsuba International can assist in all aspects of the closing, dissolution, deregistration, striking off, and liquidation (voluntary or compulsory) of a local or offshore limited company.

Liquidate your Business = Restructure your Business?
Sometimes, one of your companies may suffer a long-term loss, thereby decreasing your overall company efficiency. Closing your business as a means of rationalization that would be advantages. By terminating employment contracts, selling / writing-off assets to your another company can be a means of businesses restructuring. That is, to cut loss, well utilize corporate resources, and pool capital for corporate operation. However, liquidation is generally the last means to do so.

Points to Note
A Hong Kong incorporated limited company (except for Dormant Company) can apply for deregistration and liquidation, but must comply with the following conditions: the company has not yet commenced its business OR a company did not have business in the last 3 months of application of deregistration; and the company has no payable debts If a company has payable debts, application of liquidation can also be accepted. But its payable debts: are repayable by the holding companies, related companies, directors, and/or shareholders, or in that the creditors agree to dissolve the payable debts by an agreement letter.

If you are interested in having your company deregistration and liquidation, please feel free to contact us, and we will reply you shortly.