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Transfer of Hong Kong companies have to pay attention to matters!

Released Date: Jun 19,2022 Article Source: HUANZE

Some investors registered in Hong Kong companies, due to various reasons, do not intend to continue to operate, if they do not want to cancel, we generally recommend transfer out. Then how to handle the transfer of Hong Kong company?

Some investors registered in Hong Kong companies, due to various reasons, do not intend to continue to operate, if they do not want to cancel, we generally recommend transfer out. So how to deal withTransfer of Hong Kong company?

Transfer of Hong Kong companyMainly in Hong Kong Inland Revenue Department for share conversion and change of directors in the Companies Registry. The share transfer is to the Hong Kong company100%Transfer of shares to the purchaser; Because the director has the executive power, the director must be changed. After the director is changed, the buyer of the Hong Kong company needs to open the bank account of the Hong Kong company again. It is not recommended to use the original account.

Transfer of Hong Kong companyIt is necessary to pay attention to the transaction risk. If there is a reliable transfer and transferee, it is very simple. If there is no suitable transfer and transferee, it is recommended to purchase the transfer through a professional institution.However, there are certain risks in the transfer of Hong Kong companies. In the transfer, it is better to invite professional lawyers to draw up a contract and clarify the responsibilities of both parties on the contract. In particular, we should pay attention to the handling of bank accounts.Cancel the bank account after transferring the funds of the original Hong Kong company.

Transfer of Hong Kong companies have to pay attention to matters!

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