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China Company Cancellation

Updated:2018-3-15 17:38:37    Source:www.tannet-group.comViews:1093

China company cancellation, or cancellation of foreign-funded enterprise in China, happens when a company declaring bankrupt, being acquired by another company, the business term being expired as stipulated in the articles of association, dissolution within the company, or being ordered to shut down due to some nonstandard business operation in accordance with the law.

I. Documents for cancellation of a foreign-, Hong Kong-, Macao- or Taiwan-funded enterprise (one copy of each)
a. For cancellation of a foreign-funded enterprise
1. Cancellation registration application form for foreign invested enterprises signed by the responsible person of the liquidation team. Approval document issued by the original approval authority agreeing the cancellation;
2. Resolution or decision made in accordance with laws;
3. Liquidation report that has been recorded and confirmed in accordance with laws;
4. Certificate for registration of cancellation issued by taxation and customs authorities;
5. Certificate for registration of cancellation of branches;
6. The original and the duplicate business license;
7. Other relevant documents and certificates.

b. or registration of cancellation of a foreign-funded enterprise (non-company)
1. Cancellation registration application form for foreign-funded enterprises;
2. Approval document issued by the original approval authority agreeing the cancellation;
3. Resolution or decision made in accordance with laws;
4. Reports confirming the settlement of credits and liabilities or documents formulated by liquidation team that are responsible for settlement of credits and liabilities;
5. Duty-paid certificates issued by taxation authority and customs;
6. Certificates showing cancellation of its branches (administrative offices);
7. Original and the duplicate business license, as well as the official stamp;
8. Other relevant documents and certificates.

II. Cancellation procedure of foreign-funded enterprises
1. Adoption of resolution by the board of directors;
2. Approval by the investors (shareholders);
3. Approval by the commercial authority;
4. Establishment of the liquidation committee, liquidation of assets, public announcement and issuance of the liquidation report;
5. Cancellation of the tax registration certificate with the tax authority (national tax and local tax);
6. Approval of cancellation by customs, finance and statistics authorities;
7. Cancellation of the certificate of foreign exchange registration (Cancellation of foreign exchange and RMB bank accounts after remittance of foreign changes or those purchased with RMB);
8. Cancellation of the business license;
9. Cancellation of the Organization Registration Code Certificate;
10. Cancellation of the labor registration certificate.

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If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020,Dongmen Rd South, Luohu , Shenzhen, China.

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