Zhongshan Company Cancellation /Deregistration/ Liquidation
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The existence of a company is independent of the business that it undertakes; even if a company has ceased business operations, the company remains in existence until it is deregistered.
A Zhongshan company cancellation goes through three key steps to close the business, i.e. dissolution, liquidation and deregistration.
Closing of business in Zhongshan should be compliant with Chinese laws and regulations. Or that it will continue to have ongoing obligations under Zhongshan Company Laws. These obligations include the continuing maintenance of financial and company records, payment of annual review fees, reporting requirements, as well as taxation obligations. Accordingly, if there is no more need for the existence and continuing maintenance of a company, the company is neither insolvent nor in financial difficulties, and there is no incentive for the company’s continued existence, it ought to be deregistered.
What is the Result if not Apply Zhongshan Company Cancellation as Required?
The responsible legal representative cannot get the endowment insurance.
The responsible legal representative cannot purchase houses or immigrate.
The legal representative of the company revoked shall not engage in business activities within 3 years in Zhongshan.
The responsible legal representative will be blacklisted and cannot buy air ticket and train ticket in Zhongshan for the company that has not been revoked as required.
The overdue penalty should be paid if the legal representative of the company applies for a license three years later.
When Need to apply for Zhongshan Company Dissolution?
All company dissolution should be comply with the requirements of laws and regulations of PRC‘s Company Law and PRC’s Company Registration Administration Ordinance.
The company was statement for bankrupt in accordance with the law.
The Term of Operation prescribed in the Articles of Association or other dissolution events prescribed by the Articles of Association shall appear.
Shareholder’s Meeting or the sole shareholder of the one-person liability limited company decide to dissolve.
The business license shall be revoked in accordance with the law, and the company shall be ordered to close or be revoked.
The People’s Court demands the close of business.
Dissolution is required for the merger or division of the company.
Other circumstances stipulated by laws and administrative regulations
Why Need to Process Company Liquidation?
In order to terminate existing property and other legal relations, the company shall, in accordance with the legal procedures, clear, dispose and allocate the company's property and creditor's rights and debts. Apart from dissolution of the company due to merger or division, the dissolution of the other causes shall be through the liquidation procedure.
The scope of the liquidation of the company shall be the examination of the company's capital contribution, assets, claims and debts. The purpose of the liquidation is to eliminate the rights and obligations arising between the company and other social subjects, thus providing a reasonable basis for the termination of the company.
According to the Law of the PRC Company Law, the company should set up a liquidation group within 15 days from the date of start liquidation when the dissolution confirmed.
The Basic Procedures of Zhongshan Company Deregistration:
To Clear social security expenses and accounts in Social Security Bureau
Apply for Zhongshan Company Cancellation in the national tax bureau and the local tax bureau
Record for the liquidation in the related Industrial and commercial bureau
Announcement on the major newspaper media to do statement for the cancellation
To clear unpaid taxes and charges in Tax Bureau
Cancellation of the record and the business license
Cancellation of corporate accounts
Deregistration of other industrial licenses and qualifications
Nullify the legal effect of the company seal
Other necessary deregistration procedures
Our services:
Prepare Auditing Report
Establishment of Liquidating Group
Tax Clearance
Legitimate File Preparation for Deregistration
Contact Us
For further queries, please do not hesitate to contact ATAHK at anytime, anywhere by simply calling China hotline at 86-755-82143410, 86-755-82147392, or emailing to 2355725105@qq.com.