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Administrative Restoration

Administrative Restoration

Administrative Restoration in Hong Kong

Administrative restoration is a process in Hong Kong that allows a company that was previously dissolved by the Companies Registry to be reinstated on the official register. This process is typically used when a company was struck off due to:

  • Failing to file required annual returns: This is a common reason for company dissolutions.

  • Remaining inactive: If a company hasn't been operating for a certain period, it may be automatically dissolved.

Here's a summary of the key points regarding Administrative Restoration in Hong Kong:

  • Eligibility:

  • Only applies to companies dissolved by the Registrar of Companies, not those voluntarily dissolved by members.

  • Application must be made within 20 years of the dissolution date.

  • Only former directors or members can apply.

  • Process:

  • Requires applying to the Companies Registry and obtaining confirmation that the government has no objection to the restoration.

  • Involves paying a fee and potentially reimbursing any government expenses incurred during the dissolution period.

  • Benefits:

  • Restores the company's legal status and allows it to resume business operations.

  • Enables reclaiming any assets that became "bona vacantia" (unclaimed property) during dissolution.

Here are some resources for further information:

Additional notes:

  • It's advisable to consult with a professional, such as a lawyer or accountant specializing in Hong Kong corporate affairs, for guidance throughout the restoration process.

  • They can assist with understanding the specific requirements, completing the necessary paperwork, and ensuring a smooth application process.

How Bestar can Help

General information about the assistance Bestar provides in Administrative Restoration:

General Assistance:

  • Understanding the Process: Bestar helps navigate the complexities of Administrative Restoration in Hong Kong. This may involve explaining the eligibility requirements, the application process, and the relevant government fees.

  • Document Preparation: We assist with collecting and preparing necessary documents, such as the application form, proof of dissolution, and any financial statements required by the Companies Registry.

  • Communication with Authorities: Bestar liaise with the Companies Registry on the client's behalf, ensuring proper communication and submission of required documents.

Services Offered by Bestar:

  • Case Assessment: Bestar assesses the client's situation to determine their eligibility for Administrative Restoration and the likelihood of a successful application.

  • Application Preparation and Submission: We handle the preparation of the application form, gathering necessary documentation, and submitting it to the Companies Registry.

  • Liaison and Communication: Bestar acts as a point of contact between the client and the Companies Registry, keeping them informed of the application's progress and any required actions.

  • Fee Management: We manage the payment of government fees associated with the restoration process.

For the most accurate and up-to-date information regarding Bestar's services and how we can assist with Administrative Restoration in Hong Kong, contact Bestar. We can provide specific details about our services, fees, and any additional requirements or procedures we follow.

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