Closing a Business in China: What is the Simplified Deregistration Procedure?


Source: china-briefing.com china-briefing.com

Key Topics in this News Article:

News Snapshot:

Closing a Business in China: What is the Simplified Deregistration Procedure? The procedures for closing a business in China have been simplified by the government through various bureaucratic reforms for enterprises meeting stipulated criteria. We explain the criteria and the simplified deregistration mechanisms, including for tax clearance of the business. 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...