Company Strike Off and Restoration Overview

Updated time: Aug 8, 2017 , 17:34 (UTC+08:00)

1.1. Company Strike Off 

There are many companies would like to dissolve after they completed their business goals or they do not want to use this company anymore for some reasons. Setting up companies seem to be simple, but when you dissolve, you need to fulfill all your duties with the jurisdiction and its law where your company based on.

Depending on the jurisdiction, normally with IBC/BC model, the company is required internal resolution and proceed to apply for its government to inform dissolution.

However, in regard to the jurisdiction required tax declaration such like 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 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.