Foreign invested enterprises in China have been facing unprecedented challenges in the past years, especially during the pandemic period in years 2020 and 2021. When the rest of the world is slowly recovering from the economic damages caused by covid in year 2022, China strengthened its covid control measures, which make operations of foreign invested enterprises in China even more difficult.
Reluctantly, certain investors have come into the conclusion to shut down their China operations completely by closing down their Chinese entities. In this legal workshop, we will discuss about the reasons, the considerations, the procedures and timing when closing down a foreign company’s entity in China, we will also give practical advice on how to handle the closing down.
We will cover the following subjects:
