Closing down a WFOE company in Shanghai

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DaveLaws Original post #1
A few years ago I set up my own WFOE company while still working at another company, fast-forward to today and I am not using the WFOE and would like to close it down as the cost of maintaining the WFOE is not worth it anymore. I have been quoted some prices for help to close down the WFOE in the right way, others have said they just left it dormant and abandoned it. – I am worried about any future repercussions as I will still be living in Shanghai in the future. Can anyone suggest the cheapest way to close down a WFOE with minimum cost or risk?

2 Replies

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TimBYD #2
Abandoning a WFOE only works if you leave China and never plan on returning…
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BellaX #3
I have heard horror stories of people getting stopped at the airport for not closing down their Chinese companies correctly.

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