The Companies Registry of Hong Kong allows a company to be closed depending upon whether the company has third party liabilities or not ?
If the company has outsider liabilities, it cannot close.
If the company has no outside liabilities, we can process by strike off procedure.
We need to do accounting, and auditing, and file to Hong Kong Tax Department and confirm there is no tax owing to Hong Kong Tax Department. When we get an approval from Hong Kong Tax Department, we can go process for striking off procedure and filing to Hong Kong Companies Registry. The entire closing process takes 3 – 6 months to complete.