Close a Company in China

Deregister your company in China in a compliant and comprehensive manner.

Company De-Registration in China

Companies in China may want to close their business for various reasons such as changes in their business scope, failure to adapt in the market, relocation of the company, local regulatory changes, or due to an industry crisis that might be caused by geopolitical tensions or by the recent evolution of the coronavirus pandemic.  

Regardless of what factors might trigger the decision to shut down the business, investors cannot simply abandon the company and walk away without following a proper closure procedure. If such, this behavior could result in very serious legal liabilities for the Legal Representative and compromise any other future project or business that the company intends to carry on in China. PRC law requires a formal liquidation procedure that has to be followed by any foreign entity, which involves various government bodies and documents preparation. The full liquidation process can easily take up from 6 months to 1 year.

Regardless of the company you are operating in China, we will help guide you through the complex process of company cancellation, in a painless and hassle-free manner. 

Our Company De-Registration Procedure

01.

Company Audit

The Pre-Liquidation Audit Report to ensure the tax authorities that the company accounts are valid and in proper order prior to the liquidation decision.

  • Balance sheet
  • Profit and loss statement
  • Cashflow report
  • Identify tax and legal liabilities

  • 02.

    Cancelling Registry

    Closing the relative accounts and certificates owned by the company.

  • Notify local government
  • Cancel the tax account
  • Cancel the customs account
  • Cancel the accounts with other relevant departments

  • 03.

    Account Closure

    Closing your company and transferring any and all balance out.

  • Cancel business license
  • Cancel housing fund account
  • Cancel social insurance account
  • Transfer the corporate balance out
  • Cancel the corporate bank account
  • Cancel company chops

  • Our Working Process

    01.

    Consultation & Proposal

    We (can) advise you on the best solution for your business model and send you our comprehensive proposal.

    02.

    Signing & Payment

    After reviewing the proposal, we sign the service contract and receive your payment.

    03.

    Preparing Documents

    We send you an application form as well as the list of documents we need from your side.

    04.

    Take a Break

    Sit back, relax and let us take care of everything from here on out. Your company will be de-registered in roughly one month.

    Documents required for company de-registration

    To start the procedure for the de-registration of a company in China, you will need these documents:

    • Originals of Certificate of approval, Letter of approval, Business License 
    • Written board resolution of Cancellation  
    • Originals and copies of Legal Representative’s passport (first page, signature page, and most recent immigration records’ page) 
    • Bank Account Certificates 
    • All company’s chops (Company chop, finance, Legal representative) 
    • All accounting related documents: balance sheet, profit and loss statement, cashflow report 
    • Unused Invoices 
    • Tax control disk

    China company closure time

    In China, the procedure for company de-registration is rather complicated, particularly concerning compliance with China Customs and the Tax Authority.

    Company closure if fast for small companies with everything in order, but depending on the facts of the dissolution (i.e. the number of employees at the time of dissolution, location, local labor bureau offices, labor suits, debt and tax issues, etc.), the process can take up to 6 to 12 months.

    Contact

    Address

    436 Hengfeng Road, Greentech Tower Suite 2703, Shanghai 200070, China.

    Phone

    +86 21 5211 0026


      Frequently Asked Questions

      In China, the procedure for company de-registration is rather complicated, particularly concerning compliance with China Customs and the Tax Authority.

      Small companies with everything in order can expect a clean closure within a month or two.

      Depending on the number of employees at the time of dissolution, location, local labor bureau offices, labor suits, debt and tax issues, the process could take up to 6 to 12 months.

      To start the procedure for the de-registration of a company in China, you will need these documents:

      • Originals of Certificate of approval, Letter of approval, Business License
      • Written board resolution of Cancellation of WFOE
      • Originals and copies of Legal Representative’s passport (first page, signature page, and most recent immigration records’ page)
      • Bank Account Certificates
      • All chops of WFOE (Company chop, finance, Legal representative)
      • All accounting related documents: balance sheet, profit and loss statement, cashflow report
      • Unused Fapiaos
      • Tax control disk