How to get a business license in China actually refer to how to incorporate a company in China. Registering a business in China can be a very long and complicated process if you are on your own. The four primary options that foreign investors can choose to set up a foreign investment enterprises (FIEs) are: representative offices (ROs), wholly foreign owned enterprises (WFOEs), and joint ventures (JVs). Below is a brief introduction to China company registration process.
Process of registering a business
The process for registering a business in China depends on the type of business – joint venture, wholly foreign-owned enterprise or representative office. Setting up a business in China overall generally takes three to six months and involves various government authorities and procedures that may differ depending on the industry your business is in and the structure you have chosen. General process for registration are as follows:
1. Obtain a notice of pre-approval of the company name;
2. Open a preliminary bank account; deposit fund in the account and obtain the certificate of deposit;
3. Obtain capital verification report from an auditing firm;
4. Obtain registration certification "business license of enterprise legal person" with SAIC or local equivalent;
5. Obtain the approval to make a company seal from the police department;
6. Make a company seal;
7. Obtain the organization code certificate issued by the Quality and Technology Supervision Bureau;
8. Register with the local statistics bureau;
9. Register for local and state tax with the tax bureau;
10. Open a formal bank account of the company and transfer the registered capital to the account;
11. Apply for the approval to purchase or print financial receipts / invoices;
12. Purchase uniform invoices;
13. File for recruitment registration with local career service center;
14. Register with Social Welfare Insurance Center.
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Information contained on a Chinese business license
In simple terms, the license contains the key details of the company’s registration and specifies details such as their:
Registration Number;
Official Company Name;
Company Type;
Registered Address;
Legal Representative;
Registered Capital;
Date of Establishment;
License Expiry Date;
Business Scope;
Registration Bureau.
Given the fact that your business scope should be clearly defined early on in the process of starting a business, as it is what will appear on your business license in China. Your business can conduct activity in China only within its business scope. Keep in mind that further application and approval is required if you want to make any amendments to the scope, which can be very time-consuming.
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If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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