Matters needing attention in transfer of Hong Kong companies

Hello, if Hong Kong companies don't use it, we all suggest canceling or transferring it. The transfer of Hong Kong companies is also a professional job, and a little carelessness will lead to great disaster. Therefore, you should pay attention to the following points when transferring a Hong Kong company:

1. It is best to conclude a share sale contract in writing.

2. Share transfer documents submitted to the Hong Kong company. The company's articles of association may require the share transfer to be in the form of deed, but usually the document form of share transfer is the document signed by the transferor and the transferee.

If the company doesn't open a bank account, you just need to make a share conversion document. To open an account, you must first make a share conversion document for the Hong Kong company, and then go to the Hong Kong bank to change shareholders.

note:

1. The transfer of shares needs to pay stamp duty to the tax bureau, and the tax shall be paid according to two thousandths of the transferred shares. Before the transfer, it is necessary to negotiate which party pays the tax. After the transfer, the maintenance expenses such as annual review and audit of the Hong Kong company shall be borne by the new directors and shareholders.

2. There are certain risks in the transfer of Hong Kong companies. When transferring, it is best to specify the responsibilities of both parties in the contract, such as which party will bear the responsibility for the problems in the company within what period, otherwise the former directors and shareholders may face tax risks. Therefore, we generally suggest that Hong Kong companies should cancel their business if they do not intend to continue to operate.

The above answers are for your reference. I hope I can help you. Welcome you to like us and pay attention to us. Thank you.