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How do foreign-funded enterprises apply for bankruptcy?
1. China does not support the practice of keeping the company's business license after the company goes bankrupt (individual industrial and commercial households are allowed, but companies are not allowed).

2. The company can relocate, because it is a foreign-funded enterprise, so the relocation procedures are more complicated, including going to the Zhejiang Foreign Trade and Economic Cooperation Department for examination and approval of the company's registration and establishment, then going to the Zhejiang Industrial and Commercial Bureau for application for relocation after approval, then going back to the Foreign Trade and Economic Cooperation Department for examination and approval of the company's relocation, then going to the Industrial and Commercial Bureau for relocation, going through relevant formalities at the foreign exchange bureau, tax bureau and customs, and then going back to Zhejiang for industry and commerce, taxation,

3. If you don't want to move, the company can't declare to suspend business. If you want to keep the business license, the method is: the company can only attend the annual review on time every year and file tax returns on time every month (it can be zero declaration).

4. Finally, we can consider canceling the company and starting a new company in another place, but the procedures are also very complicated, which is one more liquidation procedure than the company relocation.