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Company Strike Off and Restoration Overview

Updated time: Jul 31, 2018 , 15:46 (UTC+08:00)

1.1. Company strike-off 

There are many who would like to dissolve a company after they have completed their business goals, or who do not want to use a company anymore for some reason. Setting up companies seems to be simple, but when you dissolve them, you need to fulfil all your duties with the jurisdiction your company is based in.

Depending on the jurisdiction, normally with IBC/BC model, the company requires internal resolution and to inform the government of the dissolution.

However, in regard to the jurisdictions requiring a tax declaration, such as Hong Kong, Singapore, US or UK, the procedure is much more complicated. If the company has not incurred any transactions since formation, they can proceed to dissolve without a tax declaration. If the company had transactions, accounting and auditing are required before the dissolution. They need to deactivate their bank account as well, then submit documents and related resolutions to the local authority.

1.2. Company restoration

We can apply to get your company restored if it was struck off the register and dissolved by the Companies Registrar.

Our experience ensures you stay ahead of legal requirements that can impact your company. You can apply for a company restoration if you were a director or shareholder of the company.