Close a Chinese Company
Step 1: Set up a liquidation team
Unless the company needs to be dissolved due to division or merger, it shall establish a liquidation team within 15 days from the day when the cause of dissolution appears and start liquidation. The liquidation group of a limited liability company is composed of shareholders. If a liquidation group is not established within the time limit for liquidation, the creditor may apply to the people’s court to designate relevant persons to form a liquidation group for liquidation. The people's court shall accept the application and promptly organize a liquidation team to conduct liquidation.
Step 2: The tax bureau makes a liquidation report.
Many Shenzhen companies often have overdue tax loans. When they cancel their tax loans, they must be declared once at a time. Even if there is no business activities in the company and tax filing always is zero, you still have to file a report; if you have had business activities before, and you keep all account books, vouchers, and tax receipts, you must file your report accordingly; if you don’t even have an account book, you have to make a supplementary account.(we can help you) Start from scratch... and pay the tax you owned and report it.
Step 3: Announcement in the newspaper (45 days after the newspaper is published and then cancel the company)
Step 4: 45 days after publishing the newspaper, apply for business license cancellation
Step 5: cancel bank account
Step 6: Hand in all company seals
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