Do offshore companies have to close their accounts?

Legal analysis: it needs to be cancelled voluntarily. If it is not cancelled, the shareholders' meeting of the company may be blacklisted by the local government, which will have an adverse impact on its future investment, immigration and visa.

Steps to close the account: 1. Find a professional organization to explain the situation; Then the agency will check whether there are any records that have not been checked before and whether there are tax payment records; If there is no annual review and tax return in the previous year, the company shall complete the annual review and tax return in the previous year before cancellation, and the completed company shall be directly cancelled.

Legal basis: Article 188 of the Company Law of People's Republic of China (PRC). After the liquidation of the company, the liquidation group shall prepare a liquidation report, submit it to the shareholders' meeting, the shareholders' meeting or the people's court for confirmation, and submit it to the company registration authority to apply for cancellation of company registration and announce the termination of the company.