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

De-registering a business in China is a complicated process. The Chinese government requires companies to follow a strict set of procedures to officially close their businesses. Before de-registering a company, the company must first have all their employees released from their contracts and record the release documents with the local labor bureau and other government agencies. Additionally, the company must settle all their debts and submit the evidence to the taxation bureau. Once these steps are fulfilled, the company can then proceed with the de-registration process. The first step for de-registering a business is to submit an application form to the Administration for Industry and Commerce (AIC). This form must include the company’s name, organization code, address, legal representative, and other pertinent information. Then, the company must pay a de-registration fee and submit a certificate of cancellation of business license, company financial statements, and other related documents. AIC will review these documents and make an official decision regarding the de-registration. Finally, the company should also submit a notice of de-registration to all interested parties such as customers, suppliers, creditors, and the taxation bureau. Once all the documents and processes are completed, the company will be officially de-registered in China.

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

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