14 Nov 2018
Shanghai Streamlines Enterprise De-Registration System
De-registering a Shanghai-based business is to be made easier and cheaper thanks to a new initiative launched by the Shanghai local government. The plans were outlined in the recently-distributed Opinions on Further Reforming the Exit Mechanism for Market Entities and consist of three key elements:
- Any enterprise that has lost its business licence may directly apply to the administrative authorities for de-registration by submitting the necessary documents and publishing details relating to the loss of the licence in a recognised Shanghai newspaper
- Any enterprise that obtained a licence but never traded is eligible to exit via the simplified de-registration procedure
A one-stop online de-registration platform is to be established as a means of further simplifying the exit process. This will provide direct access to the various government bodies that need to be notified, including the Departments of Industry and Commerce Administration, Taxation, and Commerce
The move has been backed by four local government departments, including the Shanghai Municipal Administration for Industry and Commerce and the Shanghai Municipal Commission of Commerce.
For further details (in Chinese), please access the following link: