China Foshan company formation is one of Tannet’s business incorporation services in Pearl River Delta region. Foshan is a prefecture-level city in central Guangdong Province in southeastern China, which forms part of the western side of the Pearl River Delta Economic Zone, which includes Guangzhou to the north and Shenzhen to the east. Foshan Hi-Tech Development Zone was founded in 1992. The major industries in the zone including automobile assembly, biotechnology and chemicals processing.
How to Register a Company in Foshan?
1. Pre-checking for the company name
As required, the name of a Foshan company ought to be composed of “the administrative division + company name + industry characteristics + organizational form”. The English version of the Foshan company can not be on the license.
2. Confirmation on business scope
Business scope refers to the business operation and industries you want to engage in with this China entity, which is quite Chinese characteristic in some way. Nevertheless, business scope could combine two or more different industries together. For instance, with a trading company you can also engage in some related consulting business in China.
3. Application for approval certificate
As a foreign investor, the business registration is requested to apply for Approval Certificate by feasibility report before the business license application. Approval certificate is the peculiar certification hold by the foreign enterprises as the investors’ information will clearly stated on it and should be used simultaneously with the business license.
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4. Application for business license
To register in mainland China, companies are required to apply to the relevant authorities for a business license. This application is usually made at the company’s local Administration for Industry and Commerce (AIC). If and when the company is issued a business license, they will receive their business licence in the form of a certificate. All companies in Mainland China should be registered and have such a certificate.
5. Application for industrial certificate
Industrial certificate refers to import and export license for trading company, and food and beverage license for F&B company. A company must first obtain a special license before it is allowed to manufacture or sell food in China. Certain services, such as advertising, also require licensing.
6. Corporate bank account opening
A corporate account or business account held at a bank or other financial institution by the company and used for business transactions. Corporate bank account is an indispensable part of a company incorporated in China and is connected to the company’s accounting in various ways.
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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