Dormant company
in Hong Kong made simple.
Transparent services tailored for your business needs
in Hong Kong.
- 100% paperless solution made for entrepreneurs
- Fast and efficient customer service
- All-inclusive compliance packages available
- A free & unlimited e-signature tool for you to use
If your company is already running,
for you to make it dormant,
it is necessary to:
Close fees
Pay any remaining bills and cancel any contracts of the company.
Collect money
Get a return of the company’s money lent to clients or customers.
Pay tax
Pay VAT tax, if you have been VAT-registered.
Close account
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.
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.
Report changes
Any changes that may occur during the dormancy period or otherwise are required to be reported to the Registrar.
Make renewals
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.
Employer’s Return
In the cases that the company has no business and no employee, the company needs to report Nil in the Employer’s Return.
Hassle-free services
Dormant company services
(excludes Registered Office Address)
We believe in a relationship, not one where you pay every time you pick up the phone. Pay one yearly fee and get unlimited access to the following common services.
- Provision of a Company Secretary
- Provision of a Designated Representative
- Appointment/ Change of director/ company secretary/ auditor
- Change in officers’ particulars
- Change of registered office address
- Distribution of dividends
- Nil filing for Employer’s Return and Nil PTR filing
- Maintenance of the significant controller register
- Maintenance of the statutory records of the company
- Preparation of the Annual General Meeting (AGM) documents
- All of your statutory records and compliance documents in one place, accessible online 24/7
We can also assist you with the following (excluding stamp duty and assume no complexity):
Share Transfer: HKD 2,000 per operation
*Administrative fees from Government to be charged at cost.
Registered address
HKD 2,500/ Year
Is your HQ or other office overseas? Use Sleek to fulfil your legal requirement to have a registered address in Hong Kong.
- An address in Hong Kong to be used in your incorporation
- Paperless mail forwarding – all mail to be scanned and uploaded to our portal for your review
- Renewal of Business Registration Certificate
*Administrative fees from Government to be charged at cost.
Hear what our clients have to say
“I would recommend Sleek to any person starting a company if they do not want to spend a lot of time on registering their company and instead focus on their product growth. Everything can be done online.”
Aaron Lim
Cofounder, Privyr
“The end-to-end process with Sleek was seamless, thanks to the team. I had plenty of questions and they made sure I never left a conversation with anything unanswered.”
Rachael De Foe
Founder, RDF Strategies
“We have been most impressed by how Sleek has been very tech savvy. Sleek stood out to us because of the prompt replies that they gave whenever we needed help and of course the confidence that they gave in helping us close our accounts.”
Mareen Liang
Cofounder, Kombynation Co.
62
Net Promoter Score (NPS)
5/5
Out of 20+ reviews on Google
Let's get started!
Focus on growing your business while we handle everything else.
Sleek is the partner you need!
FAQ
- 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)
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.
The company would need to pass a special resolution and submits it to the Company Registry.
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.
If a company declares dormancy within 42 days of its incorporation or anniversary, the company is exempted from filing an Annual return before going dormant.
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.
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.
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).