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Guangzhou Company Formation

Updated:2017-9-20 16:20:17    Source:www.tannet-group.comViews:109

Guangzhou company is a limited liability company set up in Guangzhou. Shareholders are domestic companies or individuals of Chinese nationality aged 18 years old and above, shall be responsible for the company to the extent of the capital contributions they have paid.

GZ Company is broadly classified into: Guangzhou Domestic Company, Guangzhou foreign funded enterprise, Chinese-foreign Joint Venture (JV), Chinese-foreign Cooperative Joint Venture, Guangzhou Partnership Company, Individual Proprietorship Enterprise etc.

Company Name of Guangzhou Company
The name of Guangzhou Company should be in the form of Administrative division (Guangzhou) + Trade Name + Sector Expression +Limited. Each enterprise shall use only one name and not be the same with or similar to the registered name in the same industry. If the word “China” is within the company name, it is required to be pre-approved by AIC at national level in Beijing.

Business Scope
Business scope is one of the most important issues in FIE registration application, divided into the licensed business item and the general business item. Licensed business item means a pre-approval is needed before business license application. Guangzhou Foreign Invested Enterprise can only conduct business within its approved business scope, which ultimately appears on the business license. There is some connection between business scope and register capital. Generally speaking, larger register capital, more business items can be approved.

Shareholder, Director and Manager, Legal Representative, Supervisor
1. Shareholder must be Chinese natural person or legal entity.
2. Director and Manager can be the same person, acted by shareholder, non-shareholder.
3. Legal representative is a person in charge of corporate operation, management and development, responsible for all the legal affairs arising from the running of the business, acted by director, manager, shareholder or non-shareholder.
4. Supervisor shall not serve concurrently as legal representative and senior management, acted by shareholder, non-shareholder. Supervisor’s duty is that check the company’s financial condition; supervise executives’ behavior of performing his duties, propose suggestions on dismissing any director or senior manager whose behavior is contrary to laws and regulations.

Documents Required
Company Name of Guangzhou Company;
Determine shareholder, business scope;
Determine register capital, shares allocation proportion;
Office address in China, 2x original leasing contracts, 2x copies of house property certificate;
with company stamp or signature of lesser and 2x landlord identification documents;
ID Copy of Shareholder, Director, Legal Representative, Supervisor.

Working Time Needed
(1) Manufacturing enterprise: 20-40 working days (the time of approval papers application from the fire & environmental protection bureaus is not included)
(2) Trading& Service enterprise: 10-15working days.

Guangzhou Company Registration Service
Guangzhou Company Business License;
Having a corporate seal engraved by the public security authorities;
Seal Carving Registration card;
Organization Code Certificate;
Digital Certificate of Organization Code Certificate;
National Tax and Local Tax Certificates;
Assist bank opening, but not including the bank charges;
Three stamps (company stamp, financial stamp and personal stamp of legal representative).

General Tax Information
All enterprises are required to report to the Tax Administration Department monthly, quarterly and annually.ATA provides accounting services for our clients; you are welcome to contact us for more information.

Annual Audit Report
Any limited companies in China should summit annual audit report to the relevant authorities. Any company will be subject be to a fine if the Annual Audit Report is not submitted in a timely manner.

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