China company registration has long been a popular choice among foreign investors as the country is further opening up. China is a dynamic market and international investors and buyers can find a wide range of quality products at very competitive prices. Establishing a presence in China is still a challenging experience for unwary organizations, however, with Tannet’s experience and expertise we can smooth the way for prospective market entrants.
Types of Business Presence in China
Before starting up a business in China, you have to know what the options are. Foreign Investors generally establish a business presence in China in one of five ways: 1. Wholly Foreign Owned Enterprise (WFOE); 2. Partnership Enterprise (PE) 3. Representative Office (RO); 4 . Joint Venture (JV). For the difference of these four types of business mode, please refer to http://english.tannet-group.com/vip/280/664/20170616111026
Requirements on Company Member
1. Legal Representative
Every business established in China, whether domestic or foreign, is required to have a legal representative. He/she is the main principal of the company and is the employee with the legal power to represent, and enter into binding obligations on behalf of, the company in accordance with the law or articles of association of the company.
The China’s Company Law does not impose any restrictions on the nationality of the legal representative and the selected individual could effectively be the resident of any country; he/she is also not required to reside in China. The chairman of the board of directors, the executive director or the general manager may serve as the Legal Representative. However, the selection of legal representative varies depending on the structure of the company.
2. Supervisor
Amendments to the PRC Company Law require a new company established on or after January 1, 2006 to appoint a supervisor, or board of supervisors depending on the size of the company, whose role is to monitor the activities of the legal representative. Shareholders and employee representatives of a company can act as supervisors. However, members of the company’s board of directors or senior management may not simultaneously serve as supervisors.
The main role of the supervisor is to safeguard and supervise the operation of a company and exercise supervision over the work of directors and senior management.
3. Shareholders and Directors
For shareholders and directors, it depends on the type of business entity, as the requirement may vary. Should you have any inquiry, please contact Tannet’s consultants for specific reply. The contact information is listed below.
Industries with Investment Incentives
Foreign investments are encouraged in industries ranging from manufacturing, wholesale and retail, leasing and commercial service, scientific research and technical service, agriculture, forestry, animal husbandry and fisheries, hydro-environment and public utility management, service organizations for the handicapped, elders and children, certain culture and sports, to entertainment.
Tannet’s Package Service
Feasibility Study/Market Entry Research/Due Diligence;
Company Formation (WFOE, JV, RO, FIPE);
Bank Account Opening (Hong Kong/Offshore Account);
Accounting, Auditing, and Tax Filing;
Global Barcodes Application (Overseas Barcodes Recordation);
Intellectual Property Service (trademark, patent and copyright);
Staff Recruitment and Payroll Management;
Ready-made Company;
Company Deregistration.
Through nearly two decades of development, Tannet has been steadily and healthily developing a far-reaching business network. Our reach has extended domestically to Beijing, Tianjin, Shanghai, Guangzhou, Shenzhen, Dongguan, Chengdu, Nanchang, Yiwu, Xiamen, Quanzhou, Hong Kong, Macau, and Hainan, and internationally to Malaysia, the United States, the United Kingdom, Switzerland, Australia, Samoa and BVI. We can not only help incorporate a company in China, but also in abroad.
Contact Us
If you have further queries, don’t hesitate to contact Tannet anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143512 or 86-755-82143181 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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