Corporate dormancy in China
In this China business vlog, Nicolas Coster, a French business lawyer, talks about the idea of corporate dormancy as an official legal status in China and discusses the pros and cons of this status.
Jump to the questions:
- 00:27 When it is necessary to terminate a company you can also choose to make it dormant, what is a dormant company?
- 1:40 What are the advantages of making your company dormant instead of closing it?
- 2:24 How can you make a company dormant? Is it purely the accounting firm which is going to declare no tax?
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