Malaysia Hotline: +603- 2141 8908

In
China, the procedure for company de-registration is rather complicated,
particularly in face of mainland customs and tax departments compare to
register a new company.
According
to China’s new company law, a company may have to be dissolved when one of the
following conditions is met:
1. The
business operation term as agreed in the company’s Articles of Association
becomes expired or other condition for dissolution as agreed in the Articles of
Association for dissolution occurs;
2.
Resolution of dissolution is made by the meeting of shareholders;
3. The
company is merged or separated and the company will not exist any more;
4. The
business license is revoked by government, or the company is ordered to be
closed or cancelled;
5. There
is serious difficulty in company’s operation and management and the
shareholder’s interest may suffer great loss if the company continues to
operate. Shareholders who holding ten percent or above voting right may file to
the court for dissolution if negotiation among shareholders fails.
China
Company De-registration Procedure
1)
Shareholders decide to liquidate Company
2)
Company selects a professional firm to assist with the process of
de-registration
3)
Preparation of related documentation such as resolution for termination of the
Articles Of Association (‘AOA”), application letter, liquidation committee list,
resolution of shareholder for company de-registration and the liquidation team
and other sort of document required by relevant authorities.
4)
Application for liquidation with the Bureau of Commerce (“BOC”) and
Administration of Industry & Commerce (“AIC”)
5)
Formation of a Liquidation Commitee
6)
Public announcement issued in local newspapers
7)
Employees should be laid off
8)
Valuation and sale of company assets
9)
Creditors paid off
10)
Final Audit conducted (including all liquidation transactions)
11)
Businesses trading, importing / exporting across borders must de-register from
China Customs
12)
Deregistration from the local governing Tax Authority
13)
Destruction of company chops and seals
Note:
Before file the de-registration application, corporate bank account should be
closed and make sure that there is no outstanding accounts receivable.
Contact
us
If
you have further queries, please contact Tannet
24
hours Malaysia hotline:603-21418908;
24
hours Hong Kong hotline:852-27837818;
24
hours Hong Kong hotline:86-755-
36990589;
Email:
mytannet@gmail.com
TANNET GROUP : http://www.tannet-group.net, http://en.tannet.com.my