Company dissolution and restoration
Dissolving your business in the right way
Why choose our service
Easy to follow from preparation to formally closing down your business
Transparent affordable pricing. All service fees explicitly included
Save your time & frustration. We handle all paperwork for you
How it works
Undertake business due diligence to make sure everything is in order and no obligations are pending before entering into application process for deregistration.
Prepare minutes of meeting of board of directors regarding company dissolution and necessary documents.
Apply for deregistration with the Company Registry and notify tax authority to acquire written consent to dissolution.
Follow up with the deregistration process and advise on subsequent steps on closing associated bank account.
Our Pricing
| Services | Fee in USD |
|---|---|
| Company dissolution | |
| - In Hong Kong or Singapore | 1,500 |
| - In other jurisdictions | 1,300 |
| Company restoration | |
| - Within 6 months after company struck off | From 1,050 |
| - 6 months after company struck off | From 1,550 |
**Exclude government deregistration fee and penalties (if any).
Required Documents
- Certificate of Incumbency
- M&AA/By laws
- Updated register of directors/shareholders
- Due diligence documents of all UBO/directors/shareholders
FAQs
Find your answer to company dissolution and restoration service with frequently asked questions:
1. What things could prevent me from deregistering a company?
Conditions for dissolving a company varies for each country, but you should ensure your company meets certain common requirements as follows:
- All or majority of company members agree to the company dissolution.
- The company maintains its good standing status, fulfills all duties to local authorities like annual reporting, tax obligation, and so on.
- The company has no outstanding liabilities.
2. How long would it take to dissolve a company?
The timeframe depends on each local regulation and complexity of your case. It would typically take from 2-6 months or longer.
3. What are differences between striking off and winding up?
Striking off is a statutory power of Company Registry to remove the name of a defunct company off the Companies Register. A company cannot apply for striking off.
Winding up is a part of a company dissolution. It involves liquidating and offsetting company’s assets to its liabilities for the purpose of disseminating remaining assets to its shareholders.
4. How can I restore my deregistered company?
You can reinstate your deregistered company by applying for restoration by court order or by administrative restoration. You can also set up a whole new company with the same name or if no longer available, with a slightly different name.
