China company deregistration does not always occur for negative reasons such as bankruptcy, there may involve other subjective or objective reasons. In China, the procedure for company deregistration is rather complicated, particularly concerning compliance to China Customs and the Tax Authority. Tannet’s professional team 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.
China Company Deregistration Procedures
Step 1: Engagement of certified public accountant to audit company's accounts;
Step 2: Establishment of liquidating group;
Step 3: Issuance of notice and announcement of application for creditors' rights by liquidating group;
Step 4: Tax clearence;
Step 5: Recognition by relevant governmental departments;
Step 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.
Authorities May Be Involved in the Deregistration Process
Local Tax Bureau;
National Tax Bureau;
Customs Office;
Foreign Exchange Authorisation;
Industrial and Commercial Administration Bureau;
Technology Supervision Bureau.
Contact Us
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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