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  • 2 Post By Yinyly

ReSell/Close Hong Kong Limited Company

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  1. #1

    Join Date
    Aug 2016
    Posts
    1

    ReSell/Close Hong Kong Limited Company

    Dear Friends

    Last year (july) I have opened up an offshore limited company in HK. Due to unforeseen reasons I wasn't able to use the company. There are no transactions and I even opened a bank account with it, absolutely no transaction. All accounts/tax returns are already paid.
    I would like to sell the company for a symbolic value, instead pay the de-register that seem quite high.

    Does anybody have any advise as to how this can be accomplished? Where can I find an interested person to transfer the company over?

    Thanks in advance,
    Ben


  2. #2

    Join Date
    Dec 2002
    Location
    θ–„ζ‰Άζž—
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    47,963

    Cost of change of directors and shareholders is similar to buying a shelf company.

    Not much value in buying a used company when you consider any hidden risks.

    emx and Coffeeblender like this.

  3. #3

    Join Date
    Nov 2016
    Location
    hongkong
    Posts
    3

    no one will buy your company actually, because there may be hidden risk...(let say you sign a supplier contract with someone that the we do not konw)

    Coffeeblender likes this.

  4. #4

    Join Date
    Apr 2003
    Location
    Hong Kong
    Posts
    3,988

    also, if no bank transaction (since July 2015) that account is probably suspended by now.

    emx and shri like this.

  5. #5

    Join Date
    Jan 2017
    Posts
    1

    For cost saving, I suggest you to deregister the company by yourself if your company did not have any liability.

    1. Go to the Inland Revenue Department (Tax department): Submit IR1263 form and pay $270
    2. Once you received the No objection letter from the Inland Revenue Department (Tax department), go to Companies Registry to submit NDR1 form and pay $420

    Close the bank account before you submit the form to Companies Registry

    Trebor and shri like this.

  6. #6

    Join Date
    Feb 2011
    Location
    Hong Kong
    Posts
    6,317

    Maybe you slipped and fell at the office awhile ago. Sold the company then claim it.

    Too many hidden liabilities. It's too cheap and easy to open a new company.

    There are agents though that do this but usually with some set up. I might have a friend who would be interested. Send me a PM with your details.


  7. #7

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,063
    Quote Originally Posted by Yinyly:
    For cost saving, I suggest you to deregister the company by yourself if your company did not have any liability.

    1. Go to the Inland Revenue Department (Tax department): Submit IR1263 form and pay $270
    2. Once you received the No objection letter from the Inland Revenue Department (Tax department), go to Companies Registry to submit NDR1 form and pay $420

    Close the bank account before you submit the form to Companies Registry
    This. It's dead easy and cheap to de-register a company if all filings are up to date.