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Home > Resources > > Liquidation & Bankruptcy Procedure
Dormant Company

A Dormant Company
A dormant company is one that does not trade or performing transactions.

The Advantages of a Dormant Company

  • Protection of Intellectual Properties;
  • No requirement to go through the procedure of insolvency;
  • The dormant company is ready to go ahead with new transaction when there is such requirement.

How long can a company remain dormant?
There is no time limit for keep a company dormant.

Administration of a Dormant Company
Even though a company becomes dormant, it is still liable to file tax reports monthly and annually.

What transactions are allowed for a dormant company?
Any transactions which are in the business area of that company will be allowed during the dormant stage as long as the dormant company files tax report timely.



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