WHOLLY FOREIGN OWNED ENTERPRISE
China Foreign Company Registration in 2022
Start your China Foreign Company Registration Today!
The procedure to set up a company in China
Foreign company registration in China in 30 Working Days
- Prename Registration
- License Application
- Stamps Preparation
- Bank Account Opening
- Tax Bureau Registration
Company name Registration
5 Working Days
The company name pre-approval application form requires five Chinese company name options. At the same time, the Passport /Business Certificate’s photocopies of the Legal representative and the shareholders are required, which must be notarized by the lawyer then attested by the Chinese Embassy.
Application for Business License 3 in 1
10 Working Days
After obtaining the name approval, we draft an article of association for your company. We need an Incorporation application report, Certificate of incorporation of overseas investors certified by the Chinese Embassy, Standards forms, etc.
3 Working Days
After filing by the Public Security Bureau, we proceed to prepare the company’s stamps, including the Company stamp, the Financial stamp, the Fapiao stamp, and the Legal representative’s stamp.
Basic RMB Bank account opening
5-20 Working Days
Enterprises with foreign capital shall open an account with the Bank of China. We need to arrange a appointment with the local Bank.
Tax account verification
3 Working Days
The enterprise needs let its accountant visit the local tax bureau to verify the taxation account and declare the VAT tax type ; Blank or electronic fapiao voucher will be purchased in the taxation system.
China Company 100% Online Registration
FIRST-RATE AND ALL-ROUND REGISTRATION SERVICE
New China Business License
- No registered Capital Required
There is no paid-up capital required in China for China Foreign Company Registration.
- No registered Address Needed
We provide competitive cost and government authorized legal registered address in the Development Zone in China (except permission certificates).
- 100% Online Company Registration process
You ONLY submit documents online and we are responsible for whole progress of application.
- New Business License 5 in 1
Combines the business license, the organization code certificate, the tax certificate, the social insurance registration certificate and the statistics registration certificate into one Business License.
- Set-up a WFOE within 30 Working Days
The registration for foreign companies in China process takes about 30 working days at the earliest. We can apply for expedited service.
- Comprehensive Management Service
A comprehensive range of additional business services including Accounting & Tax, HR outsourcing, and legal services
China Corporate Structure
THE ADVANTAGES OF 4 TYPICAL FOREIGN INVESTED CORPORATIONS
Wholly Foreign Owned Enterprise
- Open Autonomy rights
- Employment of own staff
- Simple submission process
- Asset construction in China
- No listed investment required
- Long-term residence (15 to 30 years)
- The most popular corporation structure
- Less tax payment
- An own office in China
- Easy and quick to set up
- No registered capital required
- Easily accessible and affordable
- Facilitate communication with customers
- Recruitment of both local and foreign employees
Foreign Partnership Enterprise
- Effective tax incentive
- Flexible profit mechanism
- Maximum benefit for the creditors
- Reveal new business opportunities
- Investment in a favourable structure
- More attractable for potential investors
- The separation between Management power and Investment right
Joint Venture Company
- Reimbursement policies
- Simple management of trials
- Avoid Negative lists of WFOE
- Divide out risks and payments
- Increase government relations
- Toughen industry’s value in the souk
- Strengthen local labour and asset access
Basic documents required
DOCUMENTS REQUIRED TO SET UP A COMPANY IN CHINA
The legal representative, supervisor, and shareholders’ passport or identification certificate must be provided if they are foreign citizens. Furthermore, the Lawyer and Chinese Embassy should notarize and attest all passports and then authenticate the documents by the local, state, or national registration office.
The Certificate of Registration/Business Certificates for the company investor should be notarized by a local, state, or national registration office or authentication department, then authenticated and attested by the Lawyers and the Chinese Embassy. Similarly, Hong Kong, Macau, and Taiwan companies should be notarized by the local registration office or authentication department only.
Usually, the Government requires office address lease agreements for one year as a requirement set out in Chinese Company Law. That means you must provide an Office Lease Contract and the Property Certificate. Corporation China can certainly assist you in locating the company registration address in the Development Zone if you do not have a Chinese company office.
What do you receive?
WHAT DO YOU GET AFTER COMPANY REGISTRATION
Company stamp, Financial stamp, Invoice (Fapiao) seal and Legal Representative stamp
Articles of association
Company’s articles of association (Basic Version in Chinese)
Obtaining a Business License from Government which is a China business registration certificate
Draft the approved business activity in the Business License
PACKAGE AFTER COMPANY REGISTRATION
Social Security Account
TAX Bureau Disk
Visa & Working Permit
Applying for Licenses & Certificates
ASSISTING IN APPLYING FOR SPECIAL LICENSES OR CERTIFICATES
The following steps are necessary for Chinese trading companies: 1. Units for Foreign Trade put on record 2. Registration Form for Inspection and Quarantine.
A Trading Company designed for Expanding your sourcing platform, direct control of logistics and quality control, and, finally, yet importantly, purchasing for reselling products overseas. Import of goods to sell directly, either in wholesale or retail in China. Bringing your Brand to China and establishing Chinese Online and offline shops.
Business activities of the company may fall under the High-risk medical devices or Mid-risk medical devices categories. Medical Device Licenses and the National Medical Product Administration (NMPA) could be applied for by Corporation China.
An online business or e-commerce platform in China requires an ICP license. The standard ICP license must be applied for by non-profit websites, while the commercial license must be applied for by e-commerce websites.
The Food License is required for food trading companies, outlets, supermarkets, and restaurants, as well as companies engaged in manufacturing and packaging food. You need to present a license to operate a food business.
Travel agency license
For businesses involved in tourism, a travel agency license is required. A bank deposit of RMB 1,500,000 is required for international tourism.
The HR license is needed when the company business includes hiring, payroll, and benefits administration of employees for other corporations. A requirement of a bank deposit of RMB 1,000,000 for registered Capital, as well as 5 talented employees.
For all alcohol businesses, regardless of wholesale or retail, in China, the WFOE needs to apply for an Alcohol (Wholesale/Retail) License and a Food License. To fulfil that requirement, the company must offer a real office or shop agreement, including a property certificate.
The term NVOCOO refers to a common carrier that does not operate vessels. NOVCCs are valid for 5 years for the Company. This is required for a foreign NVOCC to send its own House Bill of Lading to mainland China. Corporation China can assist you in registering your company at the Ministry of Transport (MOT) in China.
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Ava’s expertise is in Brands entering China and strategy. She has a legal and Marketing background
She speaks English, Chinese and “Australian”