A foreign invested company shall be dissolved under the following circumstances:
The operation period specified in the company's charter expires without a decision on extension;
The dissolution is decided by the shareholders of the company;
The company fails to maintain statutory minimum number of members for six consecutive months without conversion;
The Enterprise Registration Certificate of the company is revoked.
The deregistration procedures for company dissolution are as follows:
Adopt the resolution and decision on dissolution of the company.
Send the resolution and decision on dissolution of the company to the competent authorities, creditors, persons who have relating rights, obligations or interests and all employees.
Post the resolution and decision on dissolution of the company on the National Business Registration Portal.
Liquidate company assets and settle debts.
Fulfil tax and financial obligations and cancel the tax code of the company.
Close the bank accounts of the company.
Destroy company stamp (if any).
Submit the dissolution documents to the business registration office。
The business registration office issue the notification of the company’s dissolution and change the legal status of the company to “dissolved” in the National Business Registration Database.
The deregistration procedures for company dissolution generally take around 6-12 months provided that all debts and liabilities of the company are settled and the company is not involved in any litigation or arbitration proceedings.
KAIZEN Group is equipped with experienced and highly qualified professional consultants and is therefore well positioned to provide professional advices and services in respect of the formation and registration of company, application for various business licences and permits, company compliance, tax planning, audit and accounting in China. Please call and talk to our professional consultants for details.
Disclaimer
All information in this article is only for the purpose of information sharing, instead of professional suggestion. Kaizen will not assume any responsibility for loss or damage.
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