Dormant Company Registration Services
in Hong Kong
Transparent services tailored for your business needs.
Yearly and Continuing Obligations📍
Maintain company structure
The company needs to maintain at least:
- One individual director
- One shareholder
- The registered office address
- Company secretary
- Designated representative for the Significant Controller Register.
Any changes that may occur during the dormancy period or otherwise are required to be reported to the Registrar.
The company renews its business registration annually by paying the Business Registration fee.
Profit Tax Return
The company needs to file Nil in the Profits Tax Return in the cases that the Inland Revenue Department issues one.
In the cases that the company has no business and no employee, the company needs to report Nil in the Employer’s Return.
Transparent and all-inclusive pricing.
One annual fee covering all your needs.
Dormant company services
(excludes Registered Office Address)
Fill out our online form, upload the necessary documentation and we will complete your dormant company registration and maintenance with details services including:
*Business Registration fee is not included and will be charged at cost due to the change in pricing every year.
**Contact a representative today for more details.
Setting up from overseas? Use Sleek to fulfil your requirement to have a registered office address in the heart of Central, Hong Kong. This includes:
If your company is already running,
for you to make it dormant,
it is necessary to:
Pay any remaining bills and cancel any contracts of the company.
Get a return of the company’s money lent to clients or customers.
Pay VAT tax, if you have been VAT-registered.
Close down any company bank accounts.
**Except the fee required to be paid by Ordinance (e.g. BR fee), all the others would be relevant accounting transactions that would affect the dormant status of the company. If any relevant accounting transactions occurs, the dormant status would be ceased.
Not sure where to begin?
Give us your email or schedule a call today!
Why thousands of customers
No hidden costs
No hidden costs
Your accounts are in safe hands.
Frequently Asked Questions
Why should your company go dormant?
- Keep the company name
- Saving the company for future use
- Hold assets or intellectual properties
- Lower maintenance cost (Annual Return, AGMs, Audited FS are exempted during dormancy)
What is a dormant company?
A company that has no accounting transaction and has notified the CR is considered a dormant company. Please note that “Non-trading” company is not the same as a dormant company and has no legal implications.
How to declare dormancy for your company?
The company would need to pass a special resolution and submits it to the Company Registry.
What counts as an accounting transaction?
The definition of an accounting transaction is a transaction that is required by section 373 to be entered in the company’s accounting records, excluding a transaction arising from the payment of any fee that the company is required by an Ordinance to pay. Some examples of accounting transaction:
- Sales and purchases of goods by the company
- The assets and liabilities of the company
- Money received and expanded by the company
Please note that the cost to keep your company registered are not counted as accounting transactions.
Do I need to file my Annual Return?
During a company’s dormancy, the filing of Annual Return is exempted.
However, when a company declares dormant after 42 days of its incorporation or 42 days after the last annual return filing, it is necessary to file an Annual Return when declaring dormancy.
Do I need to have an Audited Report?
During a company’s dormancy, the preparation of an Audited Financial Statement is exempted
However, when a company’s dormant date is after the financial year end then Company is still require to prepare the audit up to the latest financial year end just passed.
How often do I need to file my PTR/ER?
After your first NIL PTR and ER is filed, the IRD may choose to hold off issuing PTR/ER for a few years. In experience, a dormant company may need to file PTR/ER once every 3 years.
Are there any companies that is not allowed to claim as dormant?
A company and its subsidiary cannot falling under any of the following categories within last 5 years (Insurer, Banking institution, Securities dealer, Commodities Trading dealer, approved MPF trustee, licensed leveraged foreign exchange trader)