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posted 3 years ago
Recent years have seen China reforming its enterprise registration and deregistration system to invigorate the market and improve the efficiency of its government services. In 2017, the government introduced a simplified deregistration procedure to facilitate certain types of enterprises to exit the market more quickly.
Compared with the normal deregistration process, the simplified deregistration procedures can reduce the time and cost of market exit.
In this article, we introduce China’s latest policies on simplified business deregistration (also known as “e-deregistration”), including the simplified State Administration for Market Regulation (SAMR) deregistration procedure and simplified tax deregistration procedure.
Simplification of documentation and procedures
The tax bureaus will facilitate and optimize the tax deregistration process through the following measures:
Although these policies have been implemented to different degrees in various regions, eligible foreign companies may seek advice and expertise from local experts or local authorities to take advantage of simplified deregistration procedures.
If you wish to deregister an enterprise in China, or have further questions about the company deregistration process, please feel free to contact us at [email protected].
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