1. |
Deregistration Cost |
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(1) |
Our Service Fees |
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Our fees for handling the deregistration of a service type WFOE in Shenzhen, China are RMB17,000. In particular, our fees cover the following services: (1) Preparation of the deregistration documents; (2) Register the members of liquidation committee with the registry office; (3) Arrange for a liquidation announcement on newspapers; (4) Apply for the deregistration with local Bureau of Commerce; (5) Apply for the deregistration with the tax bureau; (6) Close the RMB basic account; (7) Cancel the foreign exchange registration; (8) Close the capital account; (9) Cancel the business registration with the registry office; (10) Cancel the company social insurance account; (11) Cancel the company housing provident account; (12) Cancel the seals of the WFOE with Shenzhen Public Security Bureau. If special licence or permit or other extra change is required, we may need to adjust our fees accordingly. |
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(2) |
Official Filing Fees |
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Our service fees stated in Section 1 (1) do not cover any official filing fees. The estimated official filing fees shall be around RMB1,000. The official filing fees will be billed with supporting official receipts. |
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(3) |
Newspaper Announcement Costs |
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The WFOE is required to make a liquidation announcement on newspaper during the deregistration process. The estimated newspaper announcement costs are around RMB2,000. |
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(4) |
Audit Costs |
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A set of tax audit reports may be required by the tax authorities for the purpose of deregistration. And a liquidation audit report is required for the cancellation of foreign exchange registration. We could arrange the audits for you. The audit costs will be quoted and billed separately upon request. |
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(5) |
Tax Filing Costs |
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The WFOE is still required to file tax returns during the deregistration process until the tax registration of the company has been finally cancelled. We could provide tax filing services to you during this period. Our service fees are RMB800/per month. |
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A summary of the fees and costs is provided in Schedule 1 to the quotation. |
4. |
Estimated Time Frame |
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Provided that the procedures go smoothly, the whole deregistration process would take around 6 months, which subject to the final approval of the various approval authorities involved in Shenzhen. |
Item |
Description |
Amount (RMB) |
1 |
Service fees for the deregistration (Note 1) |
17,000 |
2 |
Official filing fees (Note 2) |
1,000 |
3 |
Newspaper announcement costs |
2,000 |
4 |
Tax filing costs for 6 months (Optional) |
4,800 |
5 |
Audit Costs (Note 3) |
TBC |
Total |
24,800 |
1. | If special licence or permit or other extra change is required, Kaizen can handle the application and our fees will be quoted upon request. |
2. | The government fees are an estimated amount. We will collect it before the commencement of services and any shortfall will be billed after completion of the change. |
3. |
If you would engage Kaizen to arrange the liquidation audit, then please provide the following materials to us for our review and calculation of cost. (1) Audited financial reports in the past 3 years; (2) Latest financial statements; (3) Latest annual EIT clearance declaration form. |
4. |
Item 4–5 are optional, you could handle by yourself or engage Kaizen to handle it. |
5. |
If Chinese tax invoice is required, a Value Added Tax and Surcharges of 7.5% would be applicable. |