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Post# A372978

Chinese Company Cancellation

Posted On: Friday, 26 July, 2019
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Nowdays, company registration is more and more easier. But,what if the company doesn't run well? What’s your choice? Just leave it alone, without doing company accounting, or apply for company cancellation? As the tax government are more and more stricter on the tax issue, it's better for company legal cancellation than leaving it alone.

In case the company not running well, and the legal person just ignore it, without any company accounting and tax declaration, which definitely leads the company to a worse situation, thus brings out a series of bad effects for himself.

For example:
Heavy fines by the tax bureau.
Forbid registering companies in following 3 years.
Affect Individual social insurance, not allow to get endowment insurance.
Forbid buying tickets for train or airplane.
Forbid emigrating abroad or being departure.
Not allow to grant a loan.
Put on a bad personal credit record list.

In fact, company cancellation is not as easy as company registration. It takes much more time for a company to be totally cancelled, and cancellation procedures are complicated. But worth it.

For more business suggestions, please feel free to contact us.

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