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Shenzhen Company Dissolution Significance

Updated:2018-4-26 15:19:31    Source:www.tannet-group.comViews:248

The significance for company deregistration
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Shenzhen company dissolution can also be referred to as Shenzhen company deregistration, which means to winding up a company. Company cancellation happens when a company declares bankrupt, or it is acquired by other company, or the business terms stipulated in the Articles of Association expires, or the internal dissolution occurs, or it is ordered to close down due to some business irregularities.

Negative Effects on Abnormal Company Deregistration
According to the Company Law, industrial and commercial business licenses must submit annual reports every year. If the annual report is not submitted accordingly, the annual report should be resubmitted first and then conduct the cancellation affairs. Since June 1, 2015, when the company has been registered, the company will have credit stain if it does not declare the tax and does not cancel it. Please be careful! Details are as follows:

1. Cannot borrow to buy a house;
2. Cannot do immigration;
3. Cannot receive endowment insurance;
4. The company will be fined RMB2,000-10,000 every year by the tax authority;
5. If there are unpaid taxes, the legal representative of the company will be banned exit, or take the plane/high-speed train;
6. If the tax is not declared for a long time, the tax bureau will come to inspect;
7. If the tax is not declared for a long time, the billing system will be locked;
8. Shareholders, legal persons and supervisors with bad reputation record will be limited in obtaining policy support, government funds support, import tariff quota, listing financing, land approval, project bidding and other aspects. Meanwhile, they will also be restricted in obtaining honor, employment of government staff, government funding, expert review and so on.

General Process for Closing a Business
There are typical actions that are taken when closing a business. You must file an annual return for the year you go out of business. If you have employees, you must file the final employment tax returns, in addition to making final federal tax deposits of these taxes. Also attach a statement to your return showing the name of the person keeping the payroll records and the address where those records will be kept.

Handling Process by Tannet
Sign PoA --- Make the Payment --- Prepare relevant documents (by Tannet) --- Provide a full set of company documents, seals and signed paper --- Handle the cancellation  --- deliver the cancellation receipt to the client.

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to 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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