Hong Kong companyIf it no longer operates, it shall go through the cancellation procedure of the company in Hong Kong. When submitting the cancellation application, it is necessary to entrust a Hong Kong certified public accountant to make a completion application report. The completion audit report of the Hong Kong company shall determine the completion date of the company. So the question is, should the bank account of this Hong Kong company be closed before the closing date?

The answer is no mandate. Because whether to close a bank account is not a judgmentHong Kong companyCriteria for completion. If the Hong Kong company has closed its business, but the bank account still has the profits retained by the company's operation, that is, the rights and interests that the shareholders should enjoy according to their shares. The shareholders will choose to keep the company account temporarily, but as long as the company does not do any business after the completion date, the company is essentially closed. The certified public accountant in Hong Kong shall confirm the bank account of the completion date and issue the audit report after reviewing the company's other account information.Hong Kong companyThe logout process is normal. Procedure

ifHong Kong companyThe bank account has been closed before the closing date, so there is no need to do bank confirmation if the bank closing receipt is provided, and the closing audit report can be completed as usual.

Some people think, then my company is cancelled, the account continues to be retained, but also can continue to collect money, but also save the Hong Kong company annual inspection and audit trouble. That's not right and it won't work. A word of caution here, thoughHong Kong companyIt is not compulsory to cancel the bank account first, but the company has cancelled, the bank account cannot be kept forever, because next year, the bank requires to submit the latest annual inspection documents of the company in Hong Kong, business registration certificate and so on, you cannot provide. Therefore, since the Hong Kong company has handled the cancellation, the bank account should not be kept for too long, but should be handled properly. All we're saying here is that bank account closing is notHong Kong companyPrerequisites for deregistration.

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