(1)       Our Service Fees

Our fees for handling the deregistration of a service type FICE in Shenzhen, China are RMB22,000. In particular, our fees cover the following services:

(1)   Preparation of the deregistration documents;

(2)   Register the members of liquidation committee with the registry office;

(3)   Arrange for a liquidation announcement on newspapers;

(4)   Apply for the deregistration with local Bureau of Commerce;

(5)   Apply for the deregistration with the tax bureau;

(6)   Close the RMB basic account;

(7)   Cancel the foreign exchange registration for FDI;

(8)   Close the capital account;

(9)   Cancel the foreign trade operator registration;

(10) Cancel the customs registration;

(11) Cancel the e-port registration;

(12) Cancel the inspection and quarantine registration;

(13) Cancel the foreign exchange registration for trading;

(14) Cancel the business registration with the registry office;

(15) Cancel the company social insurance account;

(16) Cancel the company housing provident account;

(17) Cancel the seals of the FICE with Shenzhen Public Security Bureau.

If special licence or permit or other extra change is required, we may need to adjust our fees accordingly.

(2)       Official Filing Fees

Our service fees stated in Section 1 (1) do not cover any official filing fees. The estimated official filing fees shall be around RMB1,000. The official filing fees will be billed with supporting official receipts.

(3)       Newspaper Announcement Costs

The FICE is required to make a liquidation announcement on newspaper during the deregistration process. The estimated newspaper announcement costs are around RMB2,000.

(4)       Audit Costs

A set of tax audit reports may be required by the tax authorities for the purpose of deregistration. And a liquidation audit report is required for the cancellation of foreign exchange registration. We could arrange the audits for you. The audit costs will be quoted and billed separately upon request.

 (5)      Tax Filing Costs

The FICE is still required to file tax returns during the deregistration process until the tax registration of the company has been finally cancelled. We could provide tax filing services to you during this period. Our service fees are RMB800/per month.  

A summary of the fees and costs is provided in Schedule 1 to the quotation.

Upon receipt of your order, we will issue an invoice to you for your settlement. We require full payment in advance before commencement of work.

If China official tax invoice is required, a Value Added Tax and Surcharges of 7.5% will be charged.

The following materials are required for the purpose of the deregistration for a FICE in Shenzhen, China:

(1)   Certificate of Approval (original & duplicate) or Filing Receipt issued by MOFCOM;

(2)   Business License (original & duplicate);

(3)   Foreign Exchange Registration Certificate;

(4)   Bank Account Opening Permit;

(5)   Customs Registration Certificate;

(6)   Foreign Trade Operator Registration Form;

(7)   Inspection and Quarantine Registration Form;

(8)   E-port IC Cards;

(9)   The Company Seal;

(10) The Legal Representative Seal;

(11) The Financial Seal;

(12) Articles of Association with all Amendments;

(13) Audited financial reports in the past 3 years;

(14) Latest financial statements

(15) Latest annual EIT clearance declaration form

Provided that the procedures go smoothly, the whole deregistration process would take around 6 months, which subject to the final approval of the various approval authorities involved in Shenzhen.

Step	Description	Who is Responsible	Working Days
Preliminary
1	Preparation of the deregistration documents	Kaizen	1
2	Execution of the deregistration documents	Client	Client’s schedule
3	Other documents	Client	Client’s schedule
Application for Deregistration
4	Register the members of liquidation committee with the registry office	Kaizen	3
5	Arrange for a liquidation announcement on newspapers	Kaizen	1
6	Apply for the deregistration with local Bureau of Commerce	Kaizen	3-6
7	Apply for the deregistration with the tax bureau	Kaizen	Tax Bureau’s schedule
8	Cancel the foreign exchange registration for FDI	Kaizen	10-20
9	Close the capital account	Kaizen	10-20
10	Close the RMB basic account	Kaizen	10-20
11	Cancel the foreign trade operator registration	Kaizen	5
12	Cancel the customs registration	Kaizen	20
13	Cancel the e-port registration	Kaizen	5
14	Cancel the inspection and quarantine registration	Kaizen	3
15	Cancel the foreign exchange registration for trading	Kaizen	20
16	Cancel the business registration with the registry office	Kaizen	3
17	Cancel the company social insurance account	Kaizen	1
18	Cancel the company housing provident account	Kaizen	1
19	Cancel the seals of the FICE with Shenzhen Public Security Bureau	Kaizen	1
			Around 6 months

(1)  Audited financial reports in the past 3 years;

(2)  Latest financial statements;

(3)  Latest annual EIT clearance declaration form.