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Corporate Service - China

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Q&A Regarding Enterprise Deregistration (4)

Answer
Q:
What are the ways of enterprise deregistration?
A:
Enterprise deregistration is divided into ordinary deregistration and simple deregistration.

Q:
Which enterprises are suitable for ordinary deregistration?
A:
Ordinary deregistration applies to all types of enterprises. After completing liquidation, the enterprise needs to arrange deregistration of the tax registration, enterprise registration, social insurance registration. If the company is involved in customs declaration and other related business, it also needs to handle the deregistration of the filing of customs declaration units.

Q:
What is the process of ordinary deregistration?
A:
  1. Apply for deregistration of tax registration;
  2. Apply for deregistration of enterprise registration;
  3. Apply for deregistration of social insurance registration;
  4. Apply for deregistration of the filing of customs declaration units.

Q:
Which enterprises are suitable for simple deregistration?
A: Simple deregistration is applicable to enterprise that has not incurred creditor's rights and debts or has paid off its creditor's rights and debts (except listed companies limited by shares). In any of the following circumstances, simple deregistration procedure does not apply: foreign-invested enterprises that have implemented special access administration measures as stipulated by the state; enterprise being included in the list of abnormal business operations or the list of seriously illegal and dishonest enterprises; enterprise whose shares (investment interests) are frozen, pledged or in the situation of chattel mortgage, etc.; enterprise being investigated or being subject to administrative coercion, judicial assistance, be given administrative punishment, etc.; the unincorporated branch of the enterprise has not gone through the deregistration process; enterprise once terminated from the simple deregistration process; prior approval to deregistration required by laws, administrative regulations or decisions of the State Council; other circumstances where simple deregistration is not applicable.

Q:
What is the process of simple deregistration?
A:
  1. Release announcement to the public of the information such as the proposed application for simple deregistration and the commitment of all investors, etc, and the publicity period is 20 days;
  2. After the expiration of the publicity period, if there is no objection within the publicity period, the enterprise shall handle the simple deregistration with the registration authority within 20 days from the expiration of the publicity period. If not processed within the time limit, the registration authority may extend the time limit according to the actual situation, and the maximum extension period shall not exceed 30 days.

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