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Shanghai WFOE Cancellation Procedure

Update Date:2020-7-22 10:15:26     Views:50

Shanghai Hotline: 021- 68877368
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In Shanghai, the procedures for closing a wholly foreign-owned enterprise (WFOE) – its dissolution and liquidation – are no easier or shorter than the process of setting up such a company, and normally take between 12 to 14 months to complete. This article compiled several key points/questions regarding the Shanghai WFOE deregistration for your reference.

1.The term of operation specified in the articles of association of the company expires, or a dissolution event stipulated in the articles of association of the company occurs;
2.The resolution of dissolving the company have been made by The General Meeting of Shareholders;
3.Dissolution is required due to merger or split-up of the company;
4.The company’s business licence is revoked, the company has been ordered to be closed down or is revoked according to the law;
5.The people’s court orders the company to be dissolved in accordance with Article 182 of the Company Law (where shareholder(s) on its own or jointly holding 10% or more of the voting rights launch a company dissolution lawsuit with the court).


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