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Zhuhai Company Registration

Updated:2018-5-7 15:54:47    Source:www.tannet-group.comViews:248

Zhuahai company registration is a big project by itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls.

Zhuhai is a prefecture-level city on the southern coast of Guangdong province in China. Located in the Pearl River Delta, Zhuhai was one of the original Special Economic Zones established in the 1980s. The outstanding geographic location, a wide range of supporting infrastructure and a deep-water port serve as a major attraction for foreign capital.

Nowadays, more and more international SME are setting up their own presence in China in order to source products/services directly from China or enter the Chinese market. However, given the alien nature of local regulations and business environment in China, it is critical to be proactive and fully prepared before you take the strategic move to set up your own presence in Zhuhai China.

Choosing A Form of Organization
Before starting up a business in China, you have to know what are the options. Foreign Investors generally establish a business presence in China in one of five modes: Wholly Foreign Owned Enterprise (WFOE); Representative Office (RO); Foreign Invested Partnership Enterprises (FIPE); Joint Venture (JV). Wholly owned foreign entities (WOFEs) are the vehicle of choice for most people and companies doing business in China.

When investors have plans on establishing WFOE in Zhuhai, it is better for them to acquire more information in order to run a successful business in Zhuhai. WFOE stands for wholly foreign owned enterprise, which is a limited liability company wholly owned by either a foreign legal entity or a foreign natural person. The foreign investors may be foreign enterprises or individuals.

Pre-registration
1. Name registration
The company name can be translated from English by meaning and/or phonetically. Verification of feasibility of the proposed name by the AIC will take a few working days. Only the Chinese name will be legally binding - the English name is not legally relevant for Chinese authorities. Note that the words “China” and “International” cannot be freely included in the Chinese name, and are subject to further requirements.

2. Issuance of approval certificate and business license
The authorities will issue the approval certificate and business license after assessing the following documentation:

From the investor:
• Business license (certificate of incorporation - depending upon locations, this may need to be notarized in the investor country of origin, and then translated into Chinese);
• Bank statement to demonstrate credit worthiness (from relevant bank in country of origin and translated into Chinese); and
• Photocopy of passport of the legal representative of the investor company.

Post-registration
Following the issuance of the business license, the WFOE would need to perform a number of formal registrations at various Chinese government entities, including applying for carving various seals (or chops) in order to authorize documents on behalf of the company, as well as opening a bank account for managing daily operating expenses and a foreign capital account for receiving foreign currency.

Contact Us
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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