If you choose to discontinue doing business in China, you are recommended to go through the official procedure of liquidation and company deregistration. We will help you with the appropriate steps to dissolve your company, comply with regulations, and avoid penalties.
Our team of specialists will prepare the necessary paperwork to legally deregister your company and facilitate cancellation and withdrawal of any existing licenses and permits.
We will file your company dissolution with the relevant authorities in Hong Kong.
Your company continues to exist as a legal entity until you decide to dissolve it. There are two conventional means to deregister a company — Normal or simple deregistration.
Voluntary liquidation is when a company’s term of operation has expired, a general meeting has resolved to dissolve the company, the business license is revoked, or when majority shareholder files for an action for dissolution. This type of liquidation requires a liquidation committee to be formed and start the process within 15 days. If the company fails to initiate the group within the specified period, the shareholders or the directors may assume the relevant responsibilities.
The simple company cancellation was introduced by Chinese State Administration for Industry and Commerce in 2017 to further promote enterprise cancellation facilitation and optimize the business environment. It mainly holds for companies without complicated scopes or structures. The used approach is decided by the local authorities once the cancellation process has started.
If your company does not generate income, but you are not ready to dissolve it yet, you can apply for a dormant status. A dormant company is still registered but does not generate unnecessary expenses, allowing you to save money on minimum maintenance. You can always re-activate your business in the future or fully deregister it.
We are open Monday – Friday
9:30 am – 7 pm (UTC+8)