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Foreign Corporation Authorized to Transact Business in Virginia. To do so, you can file an Application for a Certificate of Withdrawal.One of the company's best options is to withdraw as a foreign entity pursuant to the foreign state's corporation or LLC law. Foreign Certificate of Withdrawal. Foreign Corporation Certificate of Withdrawal. Delaware Division of Corporations. Item 7—Service of Process: The certificate of withdrawal must indicate that the foreign filing entity is no longer transacting business in Texas. A "Tax Clearance Certificate" must also be issued for foreign corporations seeking to withdraw. 9-010(7) the business entity is a foreign insurer with a certificate of authority from the commissioner of the Department of Insurance. 5. The corporation is not transacting business activities in New Jersey.