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

De-registering a business in China is a process that requires several steps. The process can take up to a month, depending on the complexity of the business. The first step in de-registering a business in China is filing for cancellation with the local Administration of Industry and Commerce (AIC). This can be done either in person or online, depending on where the business is located. The documents required for cancellation varies depending on the business type, but typically includes a cancellation application and supporting documents such as the business license, business contact information, and financial statements. The AIC will then review the documentation and determine whether the business meets the necessary requirements for cancellation. If the application is approved, the AIC will issue a cancellation certificate and the business will be officially de-registered. After the business is deregistered, the business owner will need to obtain a tax clearance certificate from the tax authority as well as a debt payment certificate from the local court. These documents are needed to ensure the business does not have any outstanding taxes or debts. Finally, it is important to note that once the business is deregistered, all business activities must immediately cease. Any further operations will be considered illegal in China. It is also important to remember that the business must also be cancelled with the State Administration of Foreign Exchange (SAFE) and the local Social Insurance Agency.

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

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