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Company Liquidation for Deregistration is an important process for company closing. The company should go to the registration authorities to apply for cancellation and termination of its corporative qualification when it was declared bankruptcy, be acquired, the prescribed term of business shall not be renewed upon expiration, or dissolution of the company etc.
Reasons for the cancellation:
1. Shareholders or board of shareholders make a resolution to dissolve the company;
2. The company declared bankruptcy in accordance with Company Law;
3. The prescribed term of business shall not be renewed upon expiration according to Articles of Association
4. A case for dissolution occur which specified by Articles of Association or related laws
5. The company dissolved by merger or division
6. The company was forcibly dissolved according to law
7. Company suspended or Revocation transform to deregistration.
The liquidation process is divided into simple deregistration process and ordinary deregistration process
The simple Deregistration Process is:
1. Disposal of the Account Receivable, Account Payable, fixed assets and tax issues before official submitting for company closing;
2. Tax Liquidation and Cancellation;
3. Announcement of simple deregistration of business license (20 days);
4. Deregistration of business license;
5. Social security and provident fund cancellation;
6. Cancellation of bank accounts.
The Ordinary Deregistration Process:
1. Disposal of the Account Receivable, Account Payable, fixed assets and tax issues before official submitting for company closing;
2. Tax Liquidation and Cancellation;
3. Record for Liquidation Group
4. Newspaper Announcement for Company Deregistration (45 days)
5. Deregistration of business license;
6. Social security and provident fund cancellation;
7. Cancellation of bank accounts.
Our advantages:
1. Excellent customers’ service team with fluent English communication, which could ensures
effective and direct communication with foreign owner or managers.
2. We can develop reasonable, professional service procedure and service standard system according to the characteristics and requirements of each enterprise.
3. We have an excellent team with rich experience and have ability to do the job better and faster.
4. We have legal team as support for better management, and further guide our clients to operate business in legal safe way, esp. In-time judgement to newly-released policy and compliances/regulations.
