Chinese Company Annual Return Service
Hotline: 86-755-82143348 Email: anitayao@citilinkia.com
Annual return, which also named as annual report, is a summary of the most relevant information pertaining to a company and close corporation. By lodging annual returns companies and close corporations ensure that the CIPC is in possession of the latest information. It also confirms that the company and close corporation is still in business or will be doing business in the near future.
Annual Return Obligation
All companies (including external companies) and close corporations are required by law to lodge their annual returns with CIPC (previously CIPRO) within a certain period of time every year. An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with. Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.
Annual Return Avenues in China
The Act makes a distinction between local companies and external companies’ annual returns and the content of each differs. There will therefore be three annual return lodgment avenues as follows:
1. Annual return lodgment avenues for local companies
2. Annual return lodgment avenues for external companies
3. Annual return lodgment avenues for close corporations.
Chinese company annual return required documents
It must include details of:
1. The company’s registered office address
2. What type of business the company runs (eg retail, accountancy, catering)
3. The address where the company’s list of shareholders is kept
4. The type of limited company (eg limited by shares, limited by guarantee)
5. Name and address of all company directors (and company secretary if you have one)
6. The number and value of shares issued by the company and who owns them
7. Where details of ‘debentures’ (a type of loan the company has taken out with a promise to repay at a specific time in the future) are kept
Time limit for Chinese company annual return
Annual returns for local and external companies must be filed within 30 business days from the anniversary date of incorporation. If filing later that the 30 business days an increased fee is payable up until the company is deregistered due to non-compliance.
Contact us
ATAHK，which belongs to Tanner Group Limited, is a diversified international company with a professional team of lawyers and accountants. For further queries, you are welcome to contact ATAHK anytime, anywhere by simply visiting website www.tannet-group.net or calling at 86-755-82143422, or email at anitayao@citilinkia.com