Company Dissolution and Cancellation in China

If you choose to discontinue doing business in China, you are recommended to go through the official procedure of company cancellation. We will help you with the appropriate steps to dissolve your company, comply with regulations, and avoid penalties.

The deregistration process can vary depending on the nature of the company (manufacturing, trading, or service company), its associated business scope, the size and health of the company, and the duration of company operations.  

The checklist includes but not limited:

1. Make public announcements and notify creditors;

2. Terminate employment contracts and social insurance account;

3. Cancel company tax information;

4. Withdraw company existing permits;

5. Remit remaining funds out of China and close local bank accounts, etc.

To close a company in mainland China can be very stressful and time-consuming, so it is very important to have a responsible and professional agent to help you with the whole process. With our almost 20 years industry experience, we will help you go through the process smoothly.

The main documents required for submission, including but not limited:

● Application form for cancellation;

● Commitment letter signed by all shareholders;

● Tax clearance certificate;

● Business licence;

● Copy of legal representative’s identification document, etc.

Taking a holistic approach to risk management and with our profound knowledge of the different cancellation procedures, we can help you plan and implement your exit from start to finish, and ensure full compliance with the various rules and regulations to make your departure from China as smooth and effortless as possible.