Chongqing Company Registration
Chongqing Company Registration
Established a company in Chongqing
No Real Office Needed
No Registered Capital Required
No Need to Visit China
Set-up in 30 working days
EXCLUSIVE TO CORPORATION CHINA
Welcome to Chongqing
Yang Jin
Miss China from Chongqing
Chongqing Business Environment
100% OWNED
30 WORKING DAYS
NO REGISTERED CAPITALChongqing Company Registration
The registration of a Chongqing Company takes about 30 working days to complete. Its use can vary among many different operations in China. For most cases, the ideal way to register your Chongqing company is as a Limited-Liability type company called Wholly Foreign Owned Enterprise. Also abbreviated as WFOE, WOFE or foreign-invested enterprise (FIE). A WOFE is a commonly used investment vehicle for mainland China-based businesses.
Chongqing Wholly Foreign Owned Enterprise
Chongqing is a good choice for companies that are in computer software, IT, microelectronics and components, video and audio products,
100% Ownership
Wholly Foreign Owned Enterprise may be capitalized by foreign investors and operated without the need for Chinese partners or employees. It will provide you with greater control over your business’s operations, revenue and profit targets. A WOFE is a favorable option for both individuals or overseas company that wants to enter the Chinese market.
Operation
A Wholly Foreign Owned Enterprise can be incorporated to conduct general business activities in Chongqing. It gives foreign investor complete control of the day to day business and decision-making without any compulsory involvement from a Chinese partner.
It can engage in any business activities, issue invoices to clients, receive RMBs, convert profits into foreign currency, and repatriate them.
It is the most effective way of protecting trademark technical information, trade secrets intellectual property
It provides complete authority regarding the hiring of staff and does not require you to hire Chinese staff.
A Wholly Foreign Owned Enterprise requires either one director of foreign nationality or a holding company located in Hong Kong to act as an investor.
What can a Chongqingi Company be used for?
The city of Chongqing (also called Shancheng, Qiaodu, Wudu) can be best described as southwest China’s commercial capital. Since 1997, the city has become the fourth municipality, independent from Sichuan Province, to be under the direct control of the central government.
The major port of the upper Yangzi River and gateway to the famous “Three Gorges,” Chongqing now includes most of the former eastern Sichuan Province, with a population about 30 million. It is a major center of iron and steel production, motorcycle manufacturing and shipbuilding, as well as chemical and pharmaceutical production.
100% Owned by Foreign Investors
Protects Intellectual Property& Trademark
Consulting Company
The Chongqing market is vast and is still in expansion. For that reason many companies rely on IT consulting firms to help them efficiently operate in the Chinese market.
Trading Import & Export
China is the world’s Factory and Import and Export is one the largest markets. Import goods to China to sell directly in the Chinese Market or Export products Worldwide. Corporation China will establish a trading company with a Import Export License in 30 working days.
Food & Beverage
The Food and Beverage (F&B) industry is growing rapidly in Chongqing. During the past decade the industry has grown at a rate of 30%. As a result of the increasing demand for new products and services, foreign entrepreneurs fell encouraged to enter the Chongqing market.
Manufacturing Factory
When manufacturing in China, the VAT system is equally applied to foreign and local companies working in the territory. Upon exporting, goods and services undergo the classification of being zero-rated. Therefore VAT become entitled for refund, saving huge amounts of capital.
Setting up a Chongqing Company
When setting up a company in Chongqing, there are numerous things to consider and hence it is important to seek appropriate legal help. Corporation China has developed an unparalleled expertise in this area and can provide you with everything necessary to set up your consulting company. Corporation China offers first-class solutions to all of the following requirements.
- Corporation China is the Largest Foreign Direct investment firm in Asia Pacific. [wikipedia]
Location: Chongqing
In China, prospective clients and business partners will often ask you where is your company located in China. Hence, a good location is an asset. At Corporation China, we offer excellent solutions for this through our Virtual Office System China Presence™ or our China Virtual Entity™ system.
- With offices in 44 locations across China and 4 in Shanghai, our closest office is never far away.
Chongqing Bank Account
Due to existing restrictions on international money transfers in China, your mainland-based clients will only be able to pay you within China. Therefore, a bank account in which local companies can transfer you Chinese RMBs is necessary.
- Corporation China can Guaranteed a Bank Account for all our clients.
HOW CAN WE HELP ?
Our Turnkey solution starts with first analyzing your business scope and operation and then strategizing the best legal and marketing path forward
MAKE YOUR BUSINESS PLAN
Our team has helped to develop business plans for entrepreneurs, regional managers, and large multinational corporations. These studies are aimed at empowering our clients and providing them with a clear outline on how to run a robust business plan in China.
OPEN A BANK ACCOUNT
Our team has helped to develop business plans for entrepreneurs, regional managers, and large multinational corporations. These studies are aimed at empowering our clients and providing them with a clear outline on how to run a robust business plan in China.
SET UP YOUR COMPANY
Make sure you explore China by making use of all tools and resources available for your business. Take control over your businesses operations, revenue and profit targets with a team of experts to help you set it up.
SUPPLY THE REGISTERED ADDRESS
Why use a registered address? A Registered Address is a good way to register your Chinese Company as you do not need to rent an expensive office. Its is also legally required to have an address to register a company in China.
Whats Needed To Start Your Business In China
Whats Needed To START
1. Do your homework.
find out more about the market and if your services or products will do well in China
[ contact a company like Brand Asia that can help you with market research ]
2. Pick a location
Shanghai, Beijing, and Guangzhou are the major business and industrial centers. The type of business may require you set up in one of these cities. Shanghai counts for one-third of China’s GDP and also easy to find staff that speak good English
3. Choose a Chinese Company Structure
Before registering you need to decide what type of business entity to register. The most common for foreign Investment are Wholly Foreign Owned Enterprises (WOFE), Representative Offices (RO) and Joint Ventures
4. Develop a business plan.
A detailed business plan is crucial because once the government approves it, you will be able to operate only within the business scope, but that can also be changed if needed
Business Plan
5. Organize the necessary documents.
The documents you’ll need to register for a Company will vary from place to place but mostly is just a few passport and company information.
6. Trademark your intellectual property.
Intellectual property violations can be an issue for foreign investors in China.
Trademark is a first to serve the system and is a simple process
8. Open a Bank Account
Once your company is established, you will need to open a bank account and also apply for a tax invoice ( Fapioa) machine
9. Hire staff (if required)
Hiring staff in China might seem complex ,our Yingke HR Division can help
Documentation
SET UP AS AN INDIVIDUAL
- A scan of your passport
- A Personal Bank Reference Letter
- Choose a name for the your China WFOE
- Choose a location for the company in China
SET UP AS A HONGKONG COMPANY
- Notarized copy of Passport of Director and Company Registration Certificate
- Hong Kong Company Registration Certificate
- Hong Kong Company Bank Reference Letter
- The Hong Kong Company will then be the Holding Company for the WFOE We can set up a Hong Kong Company in about 5 days
SET UP AS A COMPANY
- A Passport Scan of the Director(s)
- A Certificate of Company incorporation
- A Company Bank Reference Letter – stating no bad record
- All Documents need to be notarized by the Chinese Embassy.
Bank Account
Opening a China Bank Account
Opening a China Bank Account is a post-licensing service. Corporation China has the knowledge to assist your company during the Bank Account Opening Process. We can Guarantee the China Bank account as we have a partnership with most of the top banks in China. The bank you chose is at your discretion but most of our clients have chosen Bank of China or HSBC. You may contact us for more information about opening a Bank Account and the required documentation must be provided to the Bank during the Process.
Are You Ready
To Start Your Business In China
Get a FREE Consultation with China's Leading Company formation experts
AVA ZHOU
Account Manager
Ava's expertise is in Brands entering China and strategy. She has a legal and Marketing background
She speaks English, Chinese and "Australian"
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