The company must be a solvent private company incorporated under the Companies Ordinance and meet the following requirements:-

• All the members of the company agree to the deregistration;
• The company has never commenced business or operation, or has ceased to carry on business or ceased operation for more than 3 months immediately before the application;
• If the company has commenced business, it must submit the financial report which is up to the cessation of the company;
• The company has no outstanding liabilities; and
• It has obtained a written notice of no objection from the Commissioner of Inland Revenue.

A company is required to file Annual Returns and observe its obligations under the Companies Ordinance until it has been dissolved. Failure to do so will make the company liable to prosecution.

• If you cease your business or any branch business you must notify the Business Registration Office in writing within 1 month of the date of cessation.

It is required the business registration fee must be paid up to and including the year in which the business has ceased.

• Under Companies Ordinance and Business Registration Ordinance, every company incorporated in Hong Kong, whether or not in operation, shall be deemed to be a person carrying on business and is required to take out a business registration certificate annually until the company is dissolved or deregistered.
• Upon submission of the documents required, the Commissioner will consider suppressing the issue of further demand notes for business registration fees and levy in respect of the years subsequent to that in which the winding-up commenced or the application for deregistration to the Registrar of Companies was made. In any event, the fee and levy must be paid up to and including the year in which the winding-up commenced or the application for the deregistration was made.