What is the process of de-registering a business in China?

De-registering a business in China is a complex and lengthy process that requires several steps. First, the business must complete the “Application for Cancellation of Business License” form and submit it to the Administration for Industry and Commerce (AIC). The AIC will review the form and then sign off on it. Second, the business must submit all necessary documents to the AIC, including a copy of the business’s charter, information about the business’s partners, and the registered capital amount. Third, the business must pay the relevant taxes and fees associated with the de-registration process. The amount of time and money needed to do this can vary depending on the size of the business but can take up to three months. Fourth, the business must cancel its business licenses and other related documents. This includes cancelling any work permits, resident permits, and any business-related accounts. Finally, the business must submit a final report to the AIC explaining why it is de-registering the business. The AIC will review the report and then issue a certificate of de-registration. This document will officially end the business’s legal existence in China. It is important to note that de-registering a business in China is only possible if the business has successfully met all of its tax and financial obligations. If the business has not done this, it may be unable to de-register and be liable for possible fines and other legal actions.

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What is the process of de-registering a business in China?

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