摘要：What is the Cost for Deregistering a Hong Kong Subsidiary?
Deregistering a Hong Kong subsidiary involves several costs, which can vary depending on the circumst
What is the Cost for Deregistering a Hong Kong Subsidiary?
Deregistering a Hong Kong subsidiary involves several costs, which can vary depending on the circumstances of the company. The primary cost is the government fee, which is currently HKD 1,000 for a standard deregistration. However, if the company has outstanding debts or liabilities, additional fees may apply.
Another significant cost is the legal and professional services required to prepare the necessary documents. This includes filing Form N2 (Notice of Intention to Deregister) with the Companies Registry. A professional service provider, such as a solicitor or accountant, may charge between HKD 3,000 to HKD 6,000 for this process.
If the company has not filed its annual returns or has outstanding tax obligations, there may be penalties and interest charges. These can add up quickly, making the overall cost higher. Additionally, if the company has assets, it may need to liquidate them, which could involve further expenses.
In some cases, the company may need to appoint a liquidator, which adds to the cost. The liquidator's fee can range from HKD 5,000 to HKD 10,000, depending on the complexity of the case.
It is also important to consider the time and effort required to complete the deregistration process. While the actual registration fee is relatively low, the total cost can be significantly higher when including professional fees, potential penalties, and other related expenses.
Therefore, while the basic cost for deregistering a Hong Kong subsidiary is around HKD 1,000, the total cost can vary widely based on the company's financial status and the complexity of the process. It is advisable to consult with a professional to understand all the potential costs involved.
