Setting up a Chinese Company
How to expand your business to China by setting up a Chinese Company.
No Real Office Needed
No Registered Capital Required
Set-up in 30 working days
What can a Chinese Company be used for?
The registration of a Chinese Company takes about 30 working days to be done. Its use can vary among many different operations in China. For most cases, the ideal way to register your company is as a Limited-Liability type company called Wholly Foreign Owned Enterprise. Also abbreviated as WFOE or WOFE. A WOFE is a commonly used investment vehicle for mainland China-based businesses.
Wholly Foreign Owned Enterprise can be capitalized by foreign investors and operated without a local Chinese partner. This provides you with greater control over your businesses operations, revenue and profit targets. A WOFE is the favorable option for an both individuals or overseas company that wants to enter the Chinese market.
Consulting Company
The Chinese 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 China. 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 Chinese 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 Chinese Company
A Company in China is a commonly used investment vehicle for mainland China-based businesses. It is designed for businesses dealing with wholesale and retail. The registration of a China Company takes about 30 working days to be done.
100% FOREIGN OWNED
30 DAYS
NO REGISTERED CAPITAL
WHAT WE DO
Our Turnkey solution starts with first analyzing your business scope and operation and then strategizing the best legal and profitable path forward.
OPEN A BANK ACCOUNT
Opening a China Bank Account is very easy. Corporation China is also the official agent for many international banks in China, we can sort out all the details and get the bank account open for you so you only have to travel to China once is already approved.
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.
Setting up a Chinese Company
When setting up a company in China, 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 is Asia Pacific. [wikipedia]
Location
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, our closed office is never far away.
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.
OUR TURNKEY SOLUTIONS FOR BUSINESS IN CHINA
Contains everything you need to easily start your company, so that you can concentrate on DOING BUSINESS!
Tax Invoice
Chinese companies put a lot of trust in the government and the Chinese legal system. Hence, they are very likely to inquire whether your company is registered in China. This is a way for them to establish the legitimacy of your business and to ensure that you can provide them with a tax invoice locally referred to as a Fapiao.
China Trademark
The Chinese trademark registration system is based on a first come first serve basis. Hence, it is important to register your brand’s trademark and logo in China as early as possible. Having an international trademark is not helpful as foreign trademark are not enforced in China.
Marketing
You should also consider localizing your marketing by using colors and slogans that appeal to Chinese consumers. Having a slogan in Chinese will also help Chinese customers get a better understanding of the strength and appeal of your brand. Above all, Corporation China in partnership with Brand Asia, offers proven solutions to help you tailor your marketing plan to the Chinese market.
China economy grew 6.8% in the first quarter of 2018, topping expectations
$1.84 trillion
China Consulting market grows 12% to $ 4.5 billion.
- China’s consulting market outpaced its economy last year, presenting a double digit growth and reaching a total market value of $4.5 billion. The Chinese consulting industry is now larger than its international equivalents in France and Australia.
- As the world’s fastest growing economy, China has become an economic superpower. As a result, it has continued to attract a flood of management consulting companies. All keen to tap into the booming market.
- China stands to make further ground on the world’s second largest consulting industry as a new market opens up in China’s western provinces.
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.
ADDITIONAL SERVICE (exclusively by corporation china): China Trademark Dispute Experts
Trademark Dispute analysis and defense
If you are discontented with the rejection of your registration, you may file for a rejection review with the Chinese government to regain your chances for accomplishing the registration process.
Filing Trademark dispute
These reports can provide you with a comprehensive protection for your trademark that can allow you to evade unnecessary litigations and disputes.
File Trademark dispute
You may file for opposition on other’s registration, under legal grounds, with the trademark office to prevent confusion and infringement.
Are You Ready
To Start Your Business In China
Get a FREE Consultation with Corporation China lead Company formation experts
SHANE FU
Senior Legal Constant
Shane is an Authority on International Trade, Trademarks and Visa He has a Legal and Accounting background
He speaks Perfect English and Chinese
CONNECT
CONTACT
info@corporationchina.com
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580 West Nanjing Road, office 3506, 35th Floor LL Land Building Jing’an, Shanghai