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China Company Deregistration

China company deregistration (China company cancellation), refers to the shareholders decide to close the company since the operation problem. The problem of China company deregistration can not be ignored by the shareholders. The company may be deregistered when the shareholders decide to terminate the company, due to the difficult business operation and management which can not be solved. However, the shareholders usually are not familiar with the related formalities when planning to terminate the company, so this may possibly result in the breach of relevant laws due to ignorance.                                                                               

Main procedures of China Company Deregistration

1. Engagement of certified public accountant to audit company's accounts

2. Establishment of liquidating group

3. Issuance of notice and announcement of application for creditors' rights by liquidating group

4. Tax clearance

5. Recognition by relevant governmental departments

6. Distribution of properties

Sequence of Distribution of Properties

1. Payment of liquidating costs

2. Payment of employees' wages, social insurance cost

3. Full payment of tax

4. Liquidation of debt

5. Distribution to shareholders

After completing liquidation of company, the liquidating group needs to prepare liquidation report which, after confirmation by meeting of shareholders or China Court, will be declared with administration for industry and commerce and administration of taxation, in application for deregistration.

Contact us

The procedure for China Company Deregistration is rather complicated, particularly on the condition of the shareholders are not familiar with the situation. Tannet is a diversified international company with a professional team, and we offering the service of China Company deregistration. For further queries, you are welcome to contact Tannet anytime, anywhere by simply calling at 86-755-82143422, 86-755-82143512, or email at tannet-solution@hotmail.com




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