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Zhaoqing Company Registration Guide

Updated:2018-9-10 14:23:49    Source:www.tannet-group.comViews:210

Zhaoqing company registration is one of Tannet’s business incubation services in the Guangdong-Hong Kong-Macao Greater Bay Area. Situated in the western part of Guangdong province, Zhaoqing represents more than 30 percent of the total land area in the greater Guangdong-Hong Kong-Macao bay area which also includes Guangdong cities of Guangzhou, Shenzhen, Zhaoqing, Foshan, Dongguan, Zhongshan, Jiangmen, Huizhou, plus Hong Kong and Macao special administrative regions.

Zhaoqing is a prefecture-level city in Guangdong Province, China. Located about 100 kilometers away from Guangzhou, Zhaoqing has rich land and natural resources, cheaper labor force and low production costs. To facilitate industrial development in Zhaoqing, the local government has made great efforts in establishing various industrial zones/parks in the city. The largest one is the Guangdong Zhaoqing High-tech Industrial Development Zone. The following is a brief introduction to business setup in Zhaoqing.

Choosing A Form of Business Entity
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), among which WFOEs are the vehicle of choice for most people and companies doing business in China.

When investors have plans on establishing WFOE in Zhaoqing, it is better for them to acquire more information in order to run a successful business in Zhaoqing. 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 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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