(1)      Our Service Fees

Our fees for handling the deregistration of a WFOE in Beijing, China are RMB25,000 up. In particular, our fees cover the following services:

(1) Preparation of deregistration application documents;

(2) Filing liquidation group record with the registration authorities;

(3) Arranging liquidation announcement;

(4) Application for deregistration with Commission of Commerce;

(5) Application for deregistration with Customs House;

(6) Application for tax clearance and deregistration with tax bureau;

(7) Application for deregistration of foreign direct investment registration;

(8) Application for deregistration with BAMR;

(9) Remitting out the remaining funds to the WFOE’s shareholder;

(10) Application for closing capital account;

(11) Application for closing RMB basic account.

If, due to the limitation of the WFOE’s principal business activities, the deregistration requires to deregister special licence or permit, we may need to adjust our fees accordingly.

(2)      Official Filing Fees

Our service fees stated in Section 1 (1) do not cover any official filing fees. The estimated official filing fees shall be around RMB1,500.

(3)       Liquidation Audit Costs

Our service fees stated in Section 1 (1) do not include the liquidation audit fees. A set of liquidation audit report is required for the deregistration of foreign direct investment registration. We could assist to arrange the issuance of audit report and our fees shall be quoted based on the assets and volume of transactions of the WFOE.

 (4)     Tax Filing Costs

During the liquidation and tax clearance period, the WFOE shall file tax return in due course until the tax deregistration is officially approved by the competent tax bureaus. Our service fee for monthly tax filing is RMB500. Under current practice, after the month the WFOE’s account is closed, it shall need to take at least an extra six months to prepare the deregistration documents and complete the tax deregistration procedures. For this reason, we will charge six-month’s tax filing fees (in total: RMB3,000). Any shortfall will be billed after completion of deregistration of the WFOE

A summary of fees and costs is provided in Schedule 1 of the quotation.

Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance before commencement of work.

If China official tax invoice is required, a Value Added Tax and Surcharges of 5% will be charged.

The following materials are required for the purpose of the deregistration for a WFOE in Beijing, China:

(1) Business License (original & duplicate);

(2) Bank Account Opening Permit;

(3) Organizational Credit Code Certificate;

(4) Other bank stuffs;

(5) Foreign exchange registration voucher;

(6) Company seal;

(7) Personal seal of legal representative;

(8) Financial seal;

(9) Original office lease agreements;

(10) Accounting books for the latest three years;

(11) Tax returns for the latest three years;

(12) Other materials temporarily required by the registration authorities.

Provided that the procedures go smoothly, the whole deregistration process would take around 6 to 8 months, which subject to the final approval of the various approval authorities involved in Beijing.

Step	Description	Who is Responsible	Working Days
Preliminary
1	Preparation of deregistration required documents	Investor	Investor’s schedule
2	Preparation of deregistration application documents	Kaizen	5-7
Application for Deregistration
3	Filing liquidation group record with the registration authorities	Kaizen	5-7
4	Arranging liquidation announcement	Kaizen	1
5	Application for deregistration with Commission of Commerce	Kaizen	3
6	Application for deregistration with Customs House	Kaizen	1
7	Application for tax clearance and deregistration with tax bureau	Kaizen	3-4 months
8	Application for deregistration of foreign direct investment	Kaizen	7-10
9	Application for deregistration with BAMR	Kaizen	5-7
10	Remitting out the remaining funds to the WFOE’s shareholder	Kaizen	7-10
11	Application for closing capital account	Kaizen	5-7
12	Application for closing RMB basic account	Kaizen	7-10
Around 6-8 Months

If you wish to obtain more information or assistance, please visit the official website of Kaizen CPA Limited at www.kaizencpa.com or contact us through the following and talk to our professionals:
Email: info@kaizencpa.com,  enquiries@kaizencpa.com
Tel: +852 2341 1444
Mobile : +852 5616 4140, +86 152 1943 4614
WhatsApp/ Line/ Wechat: +852 5616 4140
Skype: kaizencpa

Schedule 1 – Summary of Costs for Deregistration of WFOE in Beijing

Item	Description	Amount (RMB)
1	Service fees for company deregistration (Note 1)	25,000 up
2	Official filing fees for company deregistration (Note 2)	1,500
3	Disbursements	500
4	Tax filing service fee for six months (Optional)	3,000
5	Liquidation Audit costs  (Optional)	TBA
6	Translation service (Optional)	TBA
	TOTAL	30,000 up

Download: Fees and Procedures for Change of Company Name for Beijing WFOE [PDF]