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Cases · Business & ownership · Corporate ownership & governance

Urgent Restore a company struck off or in default abroad

Our company abroad has been struck off. How do we fix it?

WONE Global has a corporate professional in that country apply for restoration, bring filings up to date and restore access to the assets.

Countries in the typical case Malaysia · Hong Kong

The situation

What is happening

The registry has struck off the company or marked it in default for missed filings.

What is at stake

A struck-off company cannot trade, sign contracts or access its bank accounts and assets.

Who faces this

  • Corporations
  • Mid-sized companies
  • Private clients and families

A scenario

FamilyPrivate client or family · from Malaysia · in Hong Kong

Its Hong Kong holding company has been struck off, freezing a bank account holding the proceeds of a property sale.

Where it ends The company and the money back.

A representative scenario of the work WONE Global coordinates, not a specific client’s matter.

Also asked as “Company deregistered for missed filings”“Restore a dissolved company”

The solution

How WONE Global handles it

WONE Global has a corporate professional in that country apply for restoration, bring filings up to date and restore access to the assets.

Usually led by Corporate & Entity Services, with Accounting, Reporting & Statutory Compliance and Legal & Contracting.

Step by step, in the scenario

  1. Week 1Restoration route.
  2. Weeks 2-6Filings.
  3. Months 2-4Restored.
  4. ThenAccount released.

Timings are typical. They depend on the countries, the authorities involved and how quickly documents are available.

Decisions

The decisions involved

  1. 01Whether restoration is possible
  2. 02Which filings and penalties are due
  3. 03How to release frozen assets

Outcomes

What you receive

  • Restoration application
  • Filings brought up to date
  • Bank and asset access restored

This is a general guide. Your WONE Global professional confirms the work, timing and fees for your markets before anything starts.

Services

The services involved

One area of expertise usually leads; the others move with it. WONE Global keeps them connected across every country involved.

  1. Usually leadsCorporate & Entity Services7 markets with a named lead→
  2. Often involvedAccounting, Reporting & Statutory Compliance21 markets with a named lead→
  3. Often involvedLegal & Contracting18 markets with a named lead→

Who handles it

Corporate & Entity Services, market by market

The status of the lead service in the markets that matter for this case. A named WONE Global Partner acts under their own licence; where none is in place yet, WONE Global confirms availability before anything else.

  1. Hong Kongin the typical case On request Availability confirmed before any work begins Bring a requirement →
  2. Malaysiain the typical case On request Availability confirmed before any work begins Bring a requirement →
  3. Austria WONE Global Partner Mag. Mario Haider · Tax Consultant Brief this Partner →
  4. Ireland WONE Global Partner Kevin McSharry · Managing Director Brief this Partner →
  5. Rwanda WONE Global Partner Lydie N. Murorunkwere · Founder & Managing Director Brief this Partner →
  6. South Africa WONE Global Partner Johan Beer · Partner Brief this Partner →
  7. Spain WONE Global Partner Darragh Brady · Partner CIB Finance Brief this Partner →
  8. United Arab Emirates WONE Global Partner Dr Hajra Nazir · Head Corporate Advisory / Consultancy Division Brief this Partner →
  9. Zambia WONE Global Partner Gerald Zimba · Director Brief this Partner →
  10. India On request Availability confirmed before any work begins Bring a requirement →
  11. Saudi Arabia On request Availability confirmed before any work begins Bring a requirement →
  12. Singapore On request Availability confirmed before any work begins Bring a requirement →
  13. United Kingdom On request Availability confirmed before any work begins Bring a requirement →
  14. United States On request Availability confirmed before any work begins Bring a requirement →

Other markets: WONE Global covers 100 countries. Name yours in the requirement →

WONE Global Intelligence

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