Processing time:
Within seven workdays based on a legal permit of 30 workdays
Legal basis for approval:
Order No 42 of the President of the People's Republic of China (PRC) - Company Law;
Order No 41 of the President of the PRC - PRC Law on Foreign-Capital Enterprises;
Order No 48 of the President of the PRC - PRC Law on Chinese-Foreign Equity Joint Ventures;
Order No 40 of the President of the PRC – PRC Law on Chinese-Foreign Contractual Joint Ventures and other related laws and regulations.
Eligibility requirements:
Based on Article 43 of the Regulations of Company Registration, in any of the following circumstances, the liquidation group of a company shall, within 30 days from the date of completing the company liquidation, apply for cancellation of the company's registration with the original registration authority:
1) it is declared bankrupt as provided by law;
2) the terms of business operation as prescribed by the articles of association expire or any of the matters for dissolution as prescribed in the articles of association of the company appears;
3) the shareholders' or Board of Directors decide to dissolve it;
4) its business license is canceled or it is ordered to close down or to be dissolved according to law;
5) The people's court decides to dissolve it;
6) other circumstances for dissolution ruled by laws and administrative regulations.
Charging standard and legal basis:
Charging standard: free
