Operating in China can be challenging. Azure Group China fully understands that not every foreign business succeeds in China.

Like our China setup solution, we also offer one stop solution to help you wind up your business in China.
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Our China Exit Services include:

  • Help you to formulate an internal plan for liquidation
  • Asset’s sale and contracts termination assistance
  • Liquidating all the creditors
  • Employment contracts termination
  • Support repatriating employees to the home country and cancellation of work permit
  • Deregistration filing with Administration of Market Regulation (AMR) and Ministry of Commerce
  • Newspaper Announcement
  • Tax Clearance and Deregistration
  • Deregistration with other departments such as SAFE, Custom, etc.
  • Closing bank accounts and arranging for transfer of funds
  • Financial records archiving
  • Cancel Chops with Public Security
  • Industry Market Research
  • Internal control system set up and improvements
  • Update filing with Administration of Market Regulation (AMR)

Our Latest Insights

Key Steps to Establishing a WFOE in China
Key Steps to Establishing a WFOE in China
Setting up a Wholly Foreign-Owned Enterprise (WFOE) in China can be a complex but rewarding process. As the world’s second-largest economy, China offers significant opportunities for foreign businesses. However, navigating the regulatory landscape and understanding the cultural nuances is crucial for a successful establishment of WFOE.
January 24, 2024
5-tips-for-opening-a-virtual-office-in-china-azure-group-china
5 Tips for opening a Virtual Office in China
Opening a virtual office in China can be a great way to establish a presence in the country without the expense and hassle of renting a physical office. However, there are some key things to keep in mind when setting up a virtual office in China.
December 9, 2023
registering-a-company-in-china-why-wfoe
Registering a company in China: Why WFOE?
China's vast and growing market makes it an attractive destination for companies looking to expand their business internationally. However, navigating the legal and regulatory requirements for company registration in China can be challenging. One of the most common ways for foreign investors to register a company in China is through a Wholly Foreign-Owned Enterprise (WFOE). In this article, we'll explore the advantages and disadvantages of WFOE registration in China.
November 28, 2023
doing-business-in-china-chinese-business-culture-and-etiquette-azure-group0-china
Doing business in China: Business Culture and Etiquette
China is one of the world's fastest growing economies and an important player in the global business landscape. As a result, many companies around the world are looking to do business in China. However, doing business in China can be complex, particularly for those who are not familiar with Chinese business culture and etiquette.
October 17, 2023
summary-report-on-chinese-individual-income-tax-policies-azure-group-china
Summary Report on Chinese Individual Income Tax Policies
On August 28th, several policy announcements related to individual income tax were released by the Ministry of Finance and the State Taxation Administration of China. These policies aim to provide relief to taxpayers and support various aspects of taxation to stimulate consumption and investment. To help you understand the what was presented in the announcement,...
September 1, 2023
Registering a company in China: Foreign Bank or Local Chinese Bank?
Registering a company in China: Foreign Bank or Local Chinese Bank?
One of the legal requirements when registering a company in China is opening a bank account. China’s local banks and foreign banks vary a lot from each other in many aspects. As a foreign business, it’s necessary to figure out which bank should choose.
October 3, 2021
China setup: 8 Tips to help you easily generate your business names in Chinese
China setup: 8 Tips to help you easily generate your business names in Chinese
In China, only a company’s registered name in Chinese is legally binding. When applying for registration, the brand name, industrial selection, and registration area should be listed. The typical format for a company name is Registered Area Name + Brand Name + Industry Type + Co., Ltd. Or Brand Name + (Registered Area Name) + Industry Type + Co., Ltd.
September 10, 2021
Registering a company in China: Do I need to make Company Chops?
Registering a company in China: Do I need to make Company Chops?
Having company chops are mandatory if you want to start a business in China. According to the PRC Company Law, the company chops (or seals, stamps) can be used as legal evidence and represent business activities.
September 5, 2021
Social Insurance Exemptions for Foreigners working in China
Social Insurance Exemptions for Foreigners working in China
In China, social insurance includes five different types of insurance, including pension, medical, unemployment, work-related injury, and maternity insurances. If you are from one of the following countries that have signed a social insurance agreement with China, you are entitled to a social insurance exemption, once approved, you and your employer may save unnecessary insurance costs from this benefit.
August 12, 2021
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