📌Company Deregistration Procedures 

1. Shareholders' Resolution and Establishment of the Liquidation Team

The initial step in the company deregistration process is to convene a shareholders' meeting. At this meeting, a deregistration resolution must be passed, which requires the signatures of all shareholders. This resolution serves as the formal authorization for the subsequent deregistration procedures. the liquidation team is required to file for record - keeping with the industry and commerce bureau by submitting a record - filing application.

2. Tax Deregistration (Critical Step)

Tax deregistration must be carried out at the competent tax authority. To complete this process, the following documents are required:

-Tax Deregistration Application Form: This form should be filled out accurately and comprehensively, providing detailed information about the company's tax status and the reasons for deregistration.

-Financial Statements and Tax Returns : These documents are essential for the tax authority to review the company's financial and tax compliance history.

-Certificate of Cancellation of Invoices and Tax Control Equipment: This certificate verifies that all invoices and tax - related equipment have been properly cancelled.

-Tax Clearance Report: If there are any tax irregularities, the company must rectify them and obtain a tax clearance report, which confirms that all tax obligations have been fulfilled.

The processing time for tax deregistration usually ranges from 30 to 45 working days depends on company business and historial tax matters .

3. Newspaper Announcement

The company is required to publish a deregistration announcement in a newspaper at or above the provincial level. The announcement must be publicly displayed for 45 days. The content of the announcement should clearly state the deadline for creditors to declare their claims, which is a crucial step in protecting the rights and interests of creditors.

4. Debt Liquidation

The liquidation team is responsible for the following key tasks:

Liquidate Company Assets: Thoroughly assess and dispose of all company assets in an orderly manner, ensuring that the value of the assets is maximized.

Notify Creditors to Declare Their Claims: Promptly inform all known creditors of the deregistration process and provide them with the opportunity to declare their claims within the specified period.

Settle Unfinished Business: Resolve any outstanding business matters, contracts, and obligations to ensure a clean and complete deregistration.

5. Formal Industrial and Commercial Deregistration

-To complete the industrial and commercial deregistration, the following documents are required

-Deregistration Application Form: This form initiates the deregistration process with the industry and commerce bureau.

-Shareholders' Meeting Resolution: The original resolution passed by the shareholders' meeting authorizing the deregistration.

-Liquidation Report: A comprehensive report detailing the liquidation process, asset distribution, and debt settlement.

-Tax Clearance Certificate: Proof that the company has fulfilled all tax obligations.

-Original and Duplicate Copies of the Business License: These copies are surrendered to the industry and commerce bureau upon deregistration.

The processing time for formal industrial and commercial deregistration is from 5 to 10 working days.

6. Cancellation of Other Accounts

-Bank Accounts: The company can close its bank accounts by presenting the deregistration certificate to the bank.

-Social Security and Housing Provident Fund: The company must visit the local social security bureau to suspend contributions.

-Special Permits: Special permits such as the Food Business Permit and ICP Filing need to be cancelled separately according to relevant regulations.

📌Providing Bank Account Opening 

1. Foreign - funded Bank Account Opening

We offer professional assistance in opening bank accounts with renowned foreign - funded banks, including HSBC (Hongkong and Shanghai Banking Corporation) and Citibank. Our team is well - versed in the specific requirements and procedures of these banks, ensuring a smooth and efficient account - opening process

2. Domestic Bank Account Opening

For domestic bank account opening, we provide support for accounts with major domestic banks, namely BOC (Bank of China), CCB (China Construction Bank), ABC (Agricultural Bank of China), and ICBC (Industrial and Commercial Bank of China). We will guide you through the entire application process, helping you meet all the necessary criteria and documentation requirements.