What will happen if the company does not operate or cancel for a long time?

Legal analysis: if the company does not operate after registration, fails to file tax returns on time and does not cancel, it will bring credit stain to the company and have the following effects:

1, the company will be blacklisted. As a legal person, the company can't borrow money to buy a house, can't apply for visa immigration, and can't get old-age insurance;

2. The company fails to file tax returns on time and will be fined by the tax bureau every year, ranging from 2000- 10000;

3. If you don't file tax returns for a long time, the tax bureau will make a door-to-door inspection, the invoices will be locked, and all foreign bidding business will be restricted. For example, if you can't open a company bank account, legal persons will be restricted from leaving the country and can't take high-speed trains and planes.

Legal basis: Article 211th of the Company Law of People's Republic of China (PRC). The company registration authority may revoke its business license if it fails to start business for more than six months without justifiable reasons, or if it stops business for more than six months.

When the registered items of the company change, if the relevant change registration is not handled in accordance with the provisions of this law, the company registration authority shall order it to register within a time limit; Those who fail to register within the time limit shall be fined not less than 10,000 yuan but not more than 100,000 yuan.