HK Dormant Company

In certain circumstances, you may want to hold your Hong Kong private limited company sometimes. Dormant Status The Companies Ordinance allows an inactive Hong Kong private limited company to be maintained at a minimum cost by passing relevant special resolution and delivery necessary documents to the Registrar, to declare as a “dormant” company. A company is deemed to be “dormant” if it does not enter into a relevant “accounting transaction”and can exempt from the following statutory compliance: 1. Filing of yearly Annual Return 2. Preparation of Audited Accounts. 3. However, the company has: i. To comply with law (other...