Company Strike Off
Company strike off, also referred to as Dissolution, is the process by which a Company is removed from the Registrar.
Trust & Foundation
Company dismissal
Company strike off, also known as Dissolution, is the process of removing a company from the Registrar.
Many people desire to dissolve a company when they have met their business objectives, or they no longer want to use a corporation for whatever reason. Setting up a company appears to be straightforward, but when you dissolve it, you must complete all of your obligations to the incorporated jurisdiction. Depending on the jurisdiction, the process can be both complex and time-consuming.
However, in jurisdictions that need a tax declaration, such as Hong Kong, Singapore, the United States, or the United Kingdom, the procedure is far more involved; an accounting and auditing report, as well as other relevant papers, must be filed to the Registrar prior to dissolution. For additional details, please see the Company Strike Off Processing or contact us.
Our Services
Choose the jurisdiction you have incorporated
- Choose the jurisdiction you have incorporated.
- Provide information of the company and required documents.
Pay for the services
- Pay for the services you have ordered.
Strike-Off
- We will file the Strike-Off
Leave us your contact and we will get back to you the soonest!
[contact-form-7 id=”9385″ title=”Untitled”]
Start Now
Start Now
FAQs
View More
What are the general conditions and requirements for a company to make an application for deregistration/strike-off ?
The company must meet the following conditions before making an application for deregistration/strike off.
- All the members of the company agree to the deregistration.
- The company has not commenced operation or business, or has not been in operation or carried on business during the 3 months immediately before the application.
- The company has no outstanding liabilities.
- The company is not a party to any legal proceedings.
- The company has obtained a Notice to Authority/Company Registry.
How can I restore a deregistered company?
An application for the restoration can be made to the Court of First Instance or Withdraw. Offshore Company Corp can help you do it!
How long does it take to strike off a company?
Depending on the jurisdiction you are incorporated in and the status of your business, it normally it takes 1-2 months, but it may be 5 months for companies incorporated in Hong Kong, Singapore and the UK
A company that is struck-off the Register will be deemed to be dissolved seven years after strike-off. The company name may be reused at any time after the company is dissolved. If the name of the company has been reused in accordance with the Act, the company is restored to the Register with its company number name.
Yes. A company is required to file Annual Returns and observe its obligations under the Companies Ordinance until it has been dissolved. Failure to do so will make the company liable to prosecution.
What are the differences among terms deregistration, striking off and winding up ?
Winding up is the process of settling the accounts and liquidating the assets of a company for the purpose of making distribution of the net assets to members and dissolving the company.
Deregistration is A defunct solvent company, it is a relatively simple, inexpensive and quick procedure for dissolving defunct solvent companies.
As for striking off, the Registrar of Companies may strike the name of a company where the Registrar has reasonable cause to believe that the company is not in operation or carrying on business.The company shall be dissolved when its name is struck off the Companies Register. Striking off is a statutory power conferred on the Registrar, a company cannot apply for striking off.
Which document I will get after Strike-off/Dissolve company ?
Provided that your company is solvent properly, you can arrange for voluntary liquidation. It is a formal and complete way of winding-up your company. Upon completion, a Certificate of Dissolution will be issued by the Company Registry.
A Trust Company is a company that carries on trust business as defined in (2) above.