What issues should be paid attention to when transferring a ready-made company in Hong Kong?

1. Make sure that the transferred company does not default on any debts and that the company is innocent. It is recommended that the transferor produce a letter of innocence.

2. Make sure that the former’s bank account has been cancelled. If the account is transferred, a resolution letter needs to be made to change the authorized signatory of the bank.

3. If you want to change the name, there will also be a name change fee involved.

4. The registered capital of the company is too high, and the transferred shares are in full, which will involve stamp duty.

5. If you have been audited in the past, you need to provide recent accounting reports.

6. For equity transfer, directors need to go through the change procedures.

7. Ensure that the shareholders’ meeting has been convened.