Foreign Investment Enterprise Liquidation

Our Services

WFOE liquidation

Representative office liquidation

Our Focus

Property Inventory

As part of our liquidation services, we first understand an enterprise's reasons for liquidating. Based on the balance sheets and profit and loss statements, we check the assets and liability items one by one.

Liquidation Planning

Based on the list of assets and liabilities，we perform the liquidation compliance report for shareholder(s) and create debt collection, debt liquidation plans, tax liquidation plans and property distribution plans.

Residual Property Distribution

We assist with planning for staff salary payments, social security requirements, tax requirements, debt liquidation, and distributions to shareholders.

Liquidation Process (Reference)

WFOE Liquidation

Establish the liquidation team and register the liquidation at the Administration for Industry and Commerce (AIC)
Apply for approval certificate for liquidation of foreign investment enterprise
Liquidate company property and prepare balance sheet and property inventories
Cancellation of tax and financial registration
A tax audit for the preceding three years is required for liquidation at the local tax level
An audit on corporate income tax is required for liquidation at the national tax bureau
Cancellation of customs registration and posting liquidation notice for a minimum of 45 days
After obtaining liquidation approval from the Commission of Commerce (COC), the Administration of Industry and Commerce (AIC) registration will need to be cancelled
Go through liquidation procedures for foreign exchange registration, organization code and other necessary matters

Representative Office Liquidation

Issuing of liquidation audit report
Submission and review of audit reports and related materials
Cancellation of tax registration
Cancellation of customs registration
Cancellation of foreign exchange registration
Cancellation of Bureau of Statistics certification
Cancellation of Administration of Industry and Commerce (AIC) registration
Closure of representative office's bank accounts
Cancellation of organization code certificate

Our Service Advantages

Overall Planning

Through effective overall planning, we can aid our foreign investment enterprise clients to quickly realize financial and tax optimization objectives with lower costs, at the same time reducing risks. Optimizing an enterprise's tax plan will allow enterprises to obtain more tax incentive policy and subsidy support.

Risk Control

We analyze enterprises' current situations and develop the best tax operation schemes for mergers and acquisitions with respect to existing policies. We minimize enterprises' tax exposure and risks so that our clients can freely enjoy current tax exemption and incentive policies.

Efficient Process

Our highly efficient work processes allow us to solve many problems faced by foreign investment enterprises in China. Our efficient processes come from a familiarity with various business models and structures and strong contact with the relevant administrative departments.

Services

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