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Shanghai WFOE Cancellation Conditions

Updated:2020-8-4 12:26:06    Source:www.tannet-group.comViews:349

Shanghai Hotline: 021- 58763186 , +86 18101649652
Skype/ Wechat ID: 18101649652

Cancellation Conditions for WFOE Company
1, The company is declared bankrupt according to law;
2, Business term expiration in the articles of association or other reasons for dissolution occurs;
3, Dissolved due to a merger or division;
4, The company was ordered to shut down by law, may apply for cancellation.

Process of WFOE Company Cancellation
1. Apply for cancellation of foreign investment enterprise approval certificate, to obtain cancellation of the Business Council (early termination) approval documents.
2. Cleaning company property, make the balance sheet and list of assets; notice the creditors (also published cancellation noticeto deal with the liquidation of the company’s unfinished business; paying the tax owed and taxes generated in the process of liquidation, clean-up claims and debts, settle wages and insurance; deal the remaining property after repaying the debt.

3. 45 days after publish cancellation notice, has finished the cancellation of tax registration (local and national tax) and the customs registration, and get termination approval of the business departments , and make the cancellation of business registration.

4. After getting the cancellation notice in Business, in turn go through the following deregistration.

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