One-stop all-inclusive China company registration
Advantages of setting up a Chinese company
Manufacturing Base
China's manufacturing industry is well developed, and industries that encourage foreign investment mainly include manufacturing, wholesale and retail, leasing and business services, scientific research and technical services, etc.
Huge consumer market
China has a vast territory, a large population and a huge consumer market. At the same time, with the rapid growth of China's economy, consumption potential and business opportunities are further enhanced.
Low investment threshold
Currently, foreign investors do not need to pay registered capital or provide bank credit certificates. They can easily establish a Chinese company by simply registering with the regulatory authorities.
Government support and subsidies
The Chinese government provides various tax reduction measures and subsidies for companies. The minimum application requirement is to have a legal and valid business registration in China.
China Company Service Content
Establishment of foreign-invested manufacturing enterprises
Through this type of enterprise, foreign investors can produce, sell, import and export products in China, and can use China's mature manufacturing technology and complete industrial chain and logistics network to rapidly expand their business territory.
Establishment of a foreign investment consulting service company
The Chinese government has given strong support to the establishment and taxation of consulting service companies. This type of company has a wide range of business scope and flexible business methods, and is an important choice for foreign investors to invest in the Chinese market.
Establishment of a foreign-invested trading enterprise
Foreign-invested commercial enterprises registered in China are subject to the registration capital recognition system and the establishment filing system, and do not need to provide bank credit certificates. After successful registration, foreign investors can enjoy preferential policies such as export tax exemption or tax refund.
Establishment of Sino-foreign joint ventures
A Sino-foreign joint venture is also called an equity joint venture. It is an enterprise jointly invested and established in China by a foreign company, other economic organization or individual and a Chinese company or other economic organization.
Established a foreign resident representative office
The approval procedure for a representative office is simple, there is no registered capital requirement, and it cannot directly conduct business activities, but can only conduct business activities on behalf of the overseas company. The representative office does not have legal person status, and its civil liability is borne by the overseas company.
Establishment of Sino-foreign joint venture
Sino-foreign joint ventures share resources and complement each other's advantages. This is a form of economic cooperation commonly used by investors when exploiting natural resources. It is characterized by high risk, high investment and high returns.
After the company is established,
1. Open a bank account
Open a basic business account for daily use
2. Tax accounting
(1) Original and duplicate business license (2) Official seal, contract seal, financial seal, invoice seal, legal person seal (3) Company charter
3. Opening a social security account
The Social Security Law stipulates that employers should apply for social security registration within 30 days from the date of establishment.
4. Apply for tax control and invoice
If an enterprise needs to issue an invoice, it also needs to apply for a tax controller, participate in tax control training, and apply for an invoice. After completing the application, the enterprise can issue invoices on its own.
China Company Tax Services
According to China's current tax system, tax laws can be divided into taxes on turnover (including value-added tax, consumption tax, business tax and tariffs), taxes on income (including income tax of foreign-invested enterprises and foreign enterprises, personal income tax, etc.), taxes on property and behavior (including real estate tax, deed tax, stamp tax, etc.), and taxes on natural resources (including resource tax) according to the different tax revenue attribution and collection jurisdiction. Taxes are divided into three types: central taxes, local taxes and central and local shared taxes. According to different industries and regions, enterprises enjoy different tax preferences and tax rates.
Corporate income tax refers to an income tax levied on enterprises and other income-earning organizations within the territory of the People's Republic of China based on their production and business income.
Corporate Income Tax
Value-added tax is a type of turnover tax, which is levied on the added value or added value of goods in each link of commodity production and circulation.
Value Added Tax
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Consumption tax is a price-inclusive tax levied on enterprises and individuals that produce, outsource processing, or import taxable consumer goods in China, based on the sales amount or sales volume of taxable consumer goods.
Consumption Tax
*For more information about China taxation, please contact our professional consultants and we will provide you with free consultation services.
FAQs for Chinese Companies
Rich Top professional team will help you gain an in-depth understanding of common problems in Chinese company registration and operation
01.
Q: What types of enterprises can foreign investors establish in China?
Wholly foreign-owned enterprises, Sino-foreign joint ventures, Sino-foreign cooperative enterprises and foreign-invested partnerships may be established.
02.
Q: How should a foreign-invested enterprise be named? What should be paid attention to?
The company name of a foreign-funded enterprise consists of four parts: administrative division, name, industry and organizational form, for example: Tianyi Management Consulting (Shanghai) Co., Ltd. The following issues should be noted when naming:
The company name must not be the same as other registered companies in the same industry or unspecified industry (except for investment relationships)
The name must not be the same as the name of another enterprise that has changed its name within 1 year. The name must not be the same as the name of an enterprise that has been deregistered or has had its business license revoked within 3 years. If the name needs to use words such as "国家", "中国", "中华", "国际", etc., it must be approved by the relevant department.
03.
Q: What are the requirements for the registered address of a foreign-invested enterprise?
Enterprises must have actual office space, usually located in commercial office buildings such as office buildings, commercial and residential buildings, business centers, etc.
04.
Q: How many ways are there for foreign-funded enterprises to invest?
The investment can be made in cash or in the form of property, factory buildings, machinery and equipment or other materials, industrial property rights, specialized technology, site use rights, etc.
05.
Q: Do foreign-funded enterprises need to apply for import and export rights separately?
Yes. Enterprises must apply for registration with relevant departments and obtain import and export rights before they can engage in import and export business.
06.
Q: What procedures are required to establish a foreign-invested enterprise?
The registration process for foreign-invested enterprises is as follows:
Pre-approval of the name from the Industry and Commerce Bureau Apply for a "Business License" with multiple certificates combined, fill in the foreign investment information report from the Public Security Bureau Make a company seal Open a bank account (including a basic RMB account and a foreign currency capital account)
Foreign exchange registration certificate application, recruitment, employment procedures for overseas personnel
07.
Q: When establishing a foreign-invested enterprise, what documents need to be notarized?
Documents that need to be notarized include:
Business registration certificate, incorporation certificate, etc. of a foreign-invested enterprise. If the foreign investor is an individual, a notarized ID card or passport is required. The above documents must be notarized by a local lawyer and then authenticated by the Chinese consulate in the local area. Documents of enterprises in Hong Kong and Macao must be notarized by a notary public appointed by China.