How to close the China WFOE?
Email: info@citilinkia.com Tel: 86-755-82143410/86-13530066130
With new China company law published there are a lot of China WFOE start to close due to the registered capital pay up policy. Is it acceptable for government to close the company directly without paying up the registered capital? The answer is yes. It's not easy for some China WFOE to pay up the registered capital especilly those companies running no business since registration. The better chioce for investors is to close the WFOE directly instead of paying up the high registered capital or spend money and time in reducing the registered capital.
Once decide to close your China WFOE, below procedures should be arranged accordingly. You need to check if there are bank accounts and import&export license of your WFOE. For those WOFE with business running please make sure the monthly tax filing has been arranged by your accountant normally. Or the government office may refuse the closing application.
Below departments need to apply for closing application which are registry office, the tax office, bank and custom department. The first step we can start is to close your company tax. The tax closing can be forwarded for the first step and it can be closed around 5 working days if all goes well. The most important for this part is to ensure no tax filing overdue for your company when forward the application.
At the same time the registry closing application can be applied. This step will need the original signed application forms from company shareholder and legal representative. This step can also be handled remotely. None of the customers need to visit the government office for application which is quite convenient. The only step will need legal person visiting will be bank account closing. To close the bank account need personnel visiting.
Contact
For further queries, you are welcome to visit us anytime, anywhere by simply visiting our website www.3737580.com or calling at 86-755-82143410, or emailing to info@citilinkia.com.