Meet all the following conditions and meet the application conditions:

1. The establishment of a company involving the implementation of special management measures for foreign investment shall be approved by the examination and approval authority.

2. The number of shareholders reaches a quorum (less than fifty).

3. There is the capital contribution subscribed by all shareholders in accordance with the Articles of Association.

4. Shareholders * * * shall formulate articles of association.

5. Have a company name and establish an organization that meets the requirements of a limited liability company.

6. Have a company residence.

7. At least one shareholder shall be of foreign nationality.

Cancellation condition

Meet one of the following conditions, meet the application conditions:

1. The company was declared bankrupt according to law.

2. The business term specified in the Articles of Association expires or other reasons for dissolution specified in the Articles of Association occur, except that the company survives by amending the Articles of Association.

3. The shareholders' meeting of the company decides to dissolve or the shareholders of a one-person limited liability company or the board of directors of a foreign-invested company decides to dissolve.

4. The company has its business license revoked, ordered to close down or revoked according to law.

5. The company was dissolved by the people's court according to law.

6. The company needs to be dissolved due to merger or division.

7. Other dissolution situations as stipulated by laws and administrative regulations.

Legal basis:

Company Law of the People's Republic of China

Article 184 During the liquidation period, the liquidation group shall exercise the following functions and powers: (1) Clean up the company's assets and prepare a balance sheet and a list of assets respectively; (2) Notify and announce creditors. (3) Handling the unfinished business of the company related to liquidation; (four) to pay the taxes owed and the taxes generated in the liquidation process; (5) Clearing up creditor's rights and debts; (6) Disposing of the company's remaining property after paying off debts; (seven) to participate in civil litigation activities on behalf of the company.

Article 185 The liquidation group shall notify creditors within 10 days from the date of its establishment and make an announcement in a newspaper within 60 days. Creditors shall, within 30 days from the date of receiving the notice, and within 45 days from the date of announcement if they have not received the notice, declare their claims to the liquidation group. When a creditor declares its creditor's rights, it shall explain the relevant matters of the creditor's rights and provide supporting materials. The liquidation group shall register the creditor's rights. During the declaration of creditor's rights, the liquidation group shall not pay off the creditors.

Article 186 After clearing up the company's assets, preparing the balance sheet and list of assets, the liquidation group shall formulate the liquidation plan and report it to the shareholders' meeting, shareholders' meeting or the people's court for confirmation. After paying the liquidation expenses, employees' wages, social insurance expenses and statutory compensation, paying the taxes owed and paying off the company's debts, the company's property shall be distributed according to the proportion of capital contribution of shareholders of a limited liability company and the proportion of shares of shareholders of a joint stock limited company. During the liquidation period, the company shall survive, but shall not carry out business activities unrelated to liquidation. The company's property shall not be distributed to shareholders before it is paid off in accordance with the provisions of the preceding paragraph.