Both actions will result in close down of the company. Winding up is usually more expensive. It includes liquidating assets of a company, and the company shall distribute its assets to members or creditors. Winding up can be voluntary or non-voluntary. Conversely, a solvent company can choose to de-register in accordance to section 750 of the Company law in Hong Kong. While the process can take up to 5 – 8 months, it is relatively simple and cheap.