| (1) |
Answering client’s questions in respect of the application for restoration, both by administrative procedure or court order; |
|
(2) |
Review the filing history, both with the Companies Registry and Inland Revenue Department of the company; |
|
(3) |
Carrying out a search with the Companies Registry and ascertain the current status of the company; |
|
(4) |
Carrying a search with the Inland Revenue Department and ascertain of any outstanding tax issues needs to be dealt with; |
|
(5) |
Preparation of a list of outstanding issues and the amount of penalty resulted from the late filing or renewal of those returns; |
|
(6) |
Preparation of documents for the court order restoration itself amd outstanding annual returns; |
|
(7) |
Arranging with the director to come to Hong Kong to sign the affidavit; |
|
(8) |
Filing application documents with the court (performed by our associated law firm); |
|
(9) |
Filing of outstanding annual return and payment of registration fee; |
|
(10) |
Renewal of business registration certificates and payment of registration fees and penalties. |
|
(11) |
Filing of change of company secretary (if applicable); |
|
(12) |
Filing of change of registered office and business address (if applicable). |
|
(1) |
Our fee stated above does not include annual return registration fee and business registration fee, if any. The annual returns supposed to be filed during the period from the date of strike off and restoration as late filing and therefore penalty will be imposed. |
|
(2) |
Upon restoration, the company will need to have a company secretary and registered office. Kaizen can provide these services and our fees are listed in Section 2. |
|
(3) |
Our fee does not cover courier charge, if any. |
|
No. |
Services |
Fee (USD) |
|
1 |
Acting as Company Secretary, per annum (Note 1) |
460 |
|
2 |
Registered Office address, per annum (Note 2) |
360 |
|
3 |
Acting as Designated Representative, per annum (Note 3) |
200 |
|
(1) |
A Hong Kong company is required by the Companies Ordinance to appoint a local resident or resident company to act as its company secretary. Our fees include: (a) Companies Registry (CR) Compliance Alert & Reminders; (b) Named Company Secretary registered with CR for 12 months; (c) Updating and maintenance of statutory records, including the register of member and directors, register of charges and share transfer register; (d) Preparation and filing of Annual Return Kaizen’s duties, as company secretary, are limited to those listed above only. General secretarial services, including transfer of shareholder, change of director, increase of share capital and preparation of minuets are to be charged separately. |
|
(2) |
A Hong Kong registered company is required to have a Hong Kong street address as its registered office. The address provided by Kaizen can be used for both the registration of your company and receiving mails from the Hong Kong Government and your business partners. Kaizen will process mails by either one of the following means: (a) Kaizen will open, scan the mails received, and send the scanned copies to your designated email account once a month. The paper letters will be destroyed one month after the date the scanned mails are sent to you. (b) Kaizen will forward mails received to the address designated by you once a month. Actual postage will be charged separately. Kaizen will take option 1 by default if no instruction has been received from client. If mails are to be scanned and forwarded immediately, a handling fee of USD10 per batch/time will be charged. |
|
(3) |
Kaizen or its associated company will act as the designated representative of your Hong Kong company. The responsibilities of the designated representative include updating and maintaining the Significant Controller Register and liaison and providing assistance relating to the company’s SCR to a law enforcement officer. |
|
(1) |
The court may order that the Registrar reinstate the registration of a company that was deregistered under section 291AA of the predecessor Ordinance if an application for reinstatement is made to the court within 20 years of the deregistration and the court is satisfied that it is just that the registration of the company be reinstated. |
|
(2) |
In order to be reinstated, the company or the applicant is required to file all outstanding Annual Returns and pay relevant statutory filing fees from the day when the company was struck off to the time of application for reinstatement, as if the company has never been struck off. |
|
(3) |
In addition, the company or the applicant is required to renew the business registration certificate from the day when the company was deregistered to the time of application for reinstatement, as if the company has never been deregistered. |
|
(1) |
Copy of Certificate of Incorporation, Articles of Association and the latest business registration certificate; |
|
(2) |
Copy of the latest annual return; |
|
(3) |
Copy of statutory registers (if any); |
|
(4) |
Copy of latest financial statements, if applicable; |
|
(5) |
Copy of latest notice of assessment or correspondence from the tax authority; |
|
(6) |
The identification and address proof of each member and director; |
|
(7) |
Ground for application for restoration |
|
(8) |
An affidavit sworn by an authorised representative of the applicant. This document must be signed before the lawyer. |
|
Step |
Description |
Day |
|
1 |
Client confirms with Kaizen of the engagement; Kaizen issues and send its invoice to client. |
1 |
|
2 |
Client delivers the materials listed in Section 5 and settles Kaizen’s invoice at the same time. |
Client Schedule |
|
3 |
Kaizen performs company search, list all outstanding issues, calculates outstanding penalties and advices client of the same. |
5 |
|
4 |
Kaizen issues an invoice for the penalties for client’s settlement. |
1 |
|
5 |
Kaizen prepares court order restoration application documents and deliver them to client for signing. |
3 |
|
6 |
Kaizen arranges with client for the director of the company comes to Hong Kong to sign some of the documents in front of the lawyer. Where the director’s physical presence is not possible, a power of attorney authorising a Hong Kong resident to sign the restoration documents may be needed. |
Client Schedule |
|
7 |
Client signs off the documents and return them to Kaizen by courier. |
Client Schedule |
|
8 |
An application for restoration is made to the court. The application must be supported by an affidavit sworn by an authorised representative of the applicant. |
2 |
|
9 |
Upon receipt of the written application, the Court will send a request to the Companies Registry to confirm if the Registrar would object to the reinstatement application. |
7-14 |
|
10 |
The Registrar of CR sends a letter to the lawyer directing to pay the costs for giving their consent to Originating summons. |
7-14 |
|
11 |
Kaizen files the outstanding annual return and payment of penalties. |
2 |
|
12 |
If the Court is satisfied with the application and the evidence as filed, the Order will be made confirming the restoration. |
28 |
|
13 |
Once the Order is made, it is advertised in the Hong Kong Government Gazette. It normally takes three weeks to publish the same in the Gazette |
21 |
|
14 |
The Companies Registry reinstates the company upon receipt of the order from the court. |
5 |
|
15 |
Kaizen arranges to renewal the business registration certificates and payment of business registration fee. |
2 |
|
16 |
Kaizen forwards notice of restoration to client. All procedures completed. |
1 |
|
Total: 4 to 6 months |
||
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