China company close up Services
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What is China company close up ? the definiton for China company close up
China company close up refers to that a China company files an application to the related government department when shareholders decide to terminate the company. And the China company should follow all the other procedures to proper company dissolution.
Situation and circumstance for China company close up :
According to the related company law, a China company can be deregistered with these reasons :
1. The company is merged or separated and the company will not exist any more;
2. The business license is revoked by government, or the company is ordered to be closed or cancelled;
3. 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.
4. 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;
5. Resolution of dissolution is made by the meeting of shareholders;
China company close up process :
Process for China company close up is rather complicated, particularly in face of different kinds of departments In China, For a China company to be properly dissolved, process includes :
1. Formal corporate action (liquidation procedure)
2. Filing with the appropriate government department
3. Processing of all creditor claims
4. Statutory notice to creditors
5. Sale and distribution of all remaining assets
6. Cancelation of invoice, business license, and other registered information
Time Required For China company close up
Normally, an officially process of Quanzhou company Cancellation in a whole will take around six months.
ATAHK services about Quanzhou company Cancellation maninly include:
• Assessment of The Necessity of Company Cancellation
• Assessment of Taxation Risk in Deregistering Company
• Contemplation of Cancellation Scheme
• Preparation of Relevant Documents
Note : that before filing the application for China company close up, you should close the corporate bank account and also make sure that there is no outstanding accounts receivable.
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82148419, 86-755-82143512, or emailing to info@citilinkia.com