Our main service objects: exclusively foreign-owned enterprises, Sino-foreign joint ventures, representative offices of foreign enterprises in China.

Main service items for foreign-funded enterprise alteration:

— Alteration of enterprise name,
— Alteration of enterprise business scope,
— Alteration of enterprise registered capital,
— Alteration of enterprise registered address moving in and moving out,
— Alteration of the board of directors, legal representative of enterprise,
— Alteration of enterprise equities,
— Alteration of chief representative and general representative in the representative office,
— Extension of enterprise business registration term, etc.

Cancellation process for foreign-funded enterprises ( only for reference ):

1. Decision made by resolution of the board of directors,
2. Approved by investors ( shareholders ),
3. Approved by the foreign investment commercial department,
4. Set up liquidation team, liquidate assets, make announcement, issue’Liquidation Report’,
5. Cancellation of tax registration certificate ( state tax, local tax ),
6. Cancellation approval from the Customs, financial and statistical departments,
7. Cancellation of foreign exchange registration certificate ( foreign currency and RMB to be remitted out after purchasing foreign exchange, and both the foreign currency and RMB accounts to be canceled ),
8. Business ( business license ) cancellation,
9. Cancellation of organization code certificate,
10. Cancellation of labor registration certificate.

Cancellation and liquidation of foreign-funded enterprise

The starting day of enterprise liquidation shall be the day of expiration of the enterprise business term, or the day of dissolution of the enterprise as approved by the approving authority, or the day of termination of the enterprise contract as judged by the people’s court or ruled by the arbitral institution.

The enterprise liquidation term starts from the starting day of enterprise liquidation till the day the liquidation report is submitted to the enterprise approving authority, which shall be no more than 180 days.

In need of extension of liquidation term due to special conditions, the liquidating committee shall, within 15 days before the expiration of the liquidation term, submit application to the original approving authority of the enterprise.

The extended term shall be no more than 90 days.

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SMEsChina teams focus on the growth of enterprise and providing a variety of business solutions in the area of strategy consultancy, WFOE setting up services, business registration, company formation, incorporation of domestic invested enterprise, finance and audit services, HR and payroll, corporate bank account, resident permit, immigration and visa, trademarks and legal compliance.

China is attracting more and more foreign companies, SMEs,entrepreneurs, startups, brands to invest and establish their business entities through reforming various laws and regulations actively. More than 47 million companies and small medium enterprises have registered their business entities in mainland China and over 3.5 million new enterprises are incorporated during each financial year with comfortable process of registering companies. Here SMEsChina is sharing our knowledge and business insights to global enterprises and companies for better learning the regulations and rules of China corporations running and corporate maintaining. All reference and guidance collected by SMEsChina Teams in accordance with the latest implemented laws of the People’s Republic of China on Wholly Foreign-Owned Enterprises ( WFOE ), Joint Venture ( JV ) and Limited Liability Company ( LLC ), Limited Liability Partnership ( LLP ), and other relevant and officially promulgated regulations and rules on the corporation formation and registration of industrial and commercial enterprises and related IP laws, immigration and resident policies ( VISA ), tax laws.

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