China Company Deregistration
China company deregistration is one of Tannet's China company business start-up and follow-up services for China expats. Company may be deregistered when shareholders decide to terminate the company, due to difficult business operation or financial crisis which cannot be dissolved.
In China, the procedure for company deregistration is rather complicated, particularly in face of mainland customs and tax departments. Tannet is familiar with every sector of company deregistration, so we can assist enterprise in completing the procedure of deregistration successfully and free client from worry of disturbance in the rear, by virtue of our experience of processing company deregistration in various industries.
Tannet's China Company Deregistration Service
Assessment of the necessity of company deregistration
Assessment of taxation risk in deregistering company
Contemplation of deregistration scheme
Preparation of relevant documents
Conditions of China Company Deregistration
According to China’s new company law, a company may have to be dissolved when one of the following conditions is met:
1. The business operation term as agreed in the company’s Articles of Association becomes expired or other condition for dissolution as agreed in the Articles of Association for dissolution occurs;
2. Resolution of dissolution is made by the meeting of shareholders;
3. The company is merged or separated and the company will not exist any more;
4. The business license is revoked by government, or the company is ordered to be closed or cancelled;
5. There is serious difficulty in company’s operation and management and the shareholder’s interest may suffer great loss if the company continues to operate. Shareholders who holding ten percent or above voting right may file to the court for dissolution if negotiation among shareholders fails.
Procedures of China Company Deregistration
The whole procedure of company deregistration can be extremely complicated. For a corporation to be considered properly dissolved, the following steps are required:
1. Formal corporate action (liquidation procedure)
2. Filing with the appropriate government department
3. Statutory notice to creditors
4. Processing of all creditor claims
5. Sale and distribution of all remaining assets
6. Cancelation of invoice, business license, and other registered information
Note: Before we file the application for deregistration, you should close the corporate bank account and also make sure that there is no outstanding accounts receivable.
Time Cycle of China Company Deregistration
Normally, an officially process of company deregistration in a whole will take around 6 months.
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net or www.companies-registry.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to email@example.com.
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