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Shenzhen Domestic-funded Company Cancellation

Updated:2018-5-21 17:15:05    Source:www.tannet-group.comViews:323

Shenzhen domestic-funded company cancellation is one of Tannet’s followup services. In order to help foreign investors have a better understanding of China's business environment, Tannet, based on the actual needs of enterprises and the existing questions, analyzes and compares the cancellation of domestic-funded company in Shenzhen. Details are shown as below.

General Procedures for Company Cancellation
No matter what kind of liquidation of the company, it should be carried out according to the following steps: set up a liquidation group --- carry out the liquidation work --- notify creditors to declare claims --- put forward liquidation plan.

After the liquidation is completed, the steps of cancellation can be proceeded:
1. Canceling the state and local tax registration certificate;
2. Filing the record of company cancellation at relevant industrial and commercial bureau;
3. Publication (start the cancellation procedures after 45 days of publication);
4. Closing the corporate bank account (if required);
5. Submit the cancellation application to the industrial and commercial bureau;
6. Canceling the code certificate at the Quality Supervision Bureau (if any);
7. Revocating company seals at the Public Security Bureau;
8. Canceling other company documents (if any).

Relevant Documents to Obtain
Local Taxation Bureau of Shenzhen -- Notice of cancellation of tax registration;
State Taxation Bureau of Shenzhen -- Notice of cancellation of tax registration;
Bank -- Application for Cancellation of Company Bank Account (if required.) (Signed and sealed by the opening bank and the People's Bank of china);
Shenzhen Market Supervision Bureau -- Notice of Enterprise Cancellation and Revocation Letter of Organization Code Certificate;
Shenzhen Municipal Public Security Bureau -- Hand over the stamp receipt;
Notice of closure of other departments.

Timeline and Service Fee
1. Processing time: 30-60 working days.
2. Handling fees: the following expenses exclude back tax, fines arising from violation of regulations as well as debts)
(1) Service fee: RMB3000 and above;
(2) Special audit report fee for cancellation of tax registration: RMB3000 and above (business turnover/assets less than 5,000,000).

Contact Us
If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website www.tannet-group.net, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.

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