Shenzhen company annual renewal service
Hotline: 86-755-82147392, Email:info@citilinkia.com
The Company annual renewal definition
Annual return is a summary of the most relevant information pertaining to a company and close corporation. By lodging annual returns companies and close corporations ensure that the CIPC is in possession of the latest information.An annual return is a statutory return in terms of the Companies and Close Corporations Acts and therefore MUST be complied with.As we know that companies (including external companies) and close corporations are required by law to lodge their annual returns with CIPC (previously CIPRO) within a certain period of time every year.
Failure to do so will result in the Commission assuming that the company and/or close corporation is not doing business or is not intending on doing business in the near future. Non-compliance with annual returns may lead to deregistration, which has the effect that the juristic personality is withdrawn and the company or close corporation ceases to exist.
What happens if an enterprise does not attend the annual inspection?
If an enterprises does not accept the annual inspection as required, the enterprise registration authorities will order the enterprise to accept the annual inspection within a specified time limit, and to pay a penalty between 10,000 Yuan and 100,000 Yuan if the enterprise is a company (limited /joint-stock/listed company), or a penalty below 30,000 Yuan if the enterprise is a branch company, a non-company entity or branch thereof, an enterprise operating in China from a foreign country/region, or other business unit granted a business licence, or a penalty below 1,000 Yuan if the enterprise is a partnership or an individual proprietorship enterprise or branch thereof.
Object and scope of the annual inspection
Objects of the annual inspection are limited liability companies, joint-stock limited companies, non-company entities, partnerships, individual proprietorship enterprises, enterprises operating in China from foreign countries/regions, and other business units granted a business licence.Enterprises newly established shall attend the annual inspection from the year following the year of establishment.
Contact Us
If you have further queries, don’t hesitate to contact ATAHK anytime, anywhere by simply visiting ATAHK’s website www.3737580.net , or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82148419, or emailing to info@citilinkia.com.