China Corporate Formation Service/China Company Registration
Hotline: 86-755-82143512, Email:tannet-solution@hotmail.com
China corporate formation is one of Tannet’s business registration services, it main includes the corporate formation in the forms of Wholly Foreign Enterprise (WFOE), Representative Office (RO), Joint Venture (JV), and Foreign Invested Partnership Enterprise (FIPE). Tannet can provide the corporate formation services in Beijing, Shanghai, Shenzhen, Guangzhou and Yiwu within China.
China Corporate Registered Capital
On 25 October 2013, Premier Li Keqiang chaired a State Council executive meeting to promote the company’s registered capital registration system reform, according to the meeting, To reduce the cost of starting a business, the government will change the current paid-in registered capital system to subscribed registered capital system, which means the registered capital verification report will not be necessary any longer.
Also the China government has eliminated the requirement for the minimum capital, For example, when setting up a WFOE, the investor could just pay in the registered capital within 5-30 years on the date of issuing of business license;
China Corporate Business Scope
One of the most important issues is to define the business activities of the company. Business scope is narrowly defined based on many factors, such as trade names, registered capital and business scope. A China company can only conduct business within its approved business scope on the business license. Amending the business scope will need further application and approval. For some sectors such as education, logistics, medicine and food industries, pre-approval license is needed before we enter into normal processes.
China Corporate Formation Procedures
Step1: Let clients fill out the application form (sign the agreement);
Step2: Confirm the company name, business scope, registered capital and company shares;
Step3: Check the required documents for the clients;
Step4: Pay the services;
Step5: Prepare for the statutory documents for the investors to sign personally;
Step6: Forward documents to related government departments;
Step7: Keep clients informed of processing;
Step8: Finish processing in 15-35 working days;
Step9: Collect the documents and items and settle the balance if any.
China Company Accounting, Bookkeeping and Tax Filing
1. A China company is required to file taxes after registration. If not filing taxes in time, penalties from tax bureau will be caused. What’s more, it will bring negative records to the credit of the clients.
2. China company tax filing hints: The company should file taxes monthly, quarterly and yearly according to different type of taxes. The main types of taxes for a China company include Business income tax (25%), VAT (3%-17%), Sales tax (3%-20%).
3. Fapiao and Fapiao stamp: In China, official invoices are made by tax bureau, which is called Fapiao. The company should apply for Fapiaos from tax bureau and have a Fapiao stamp on it when issuing the Fapiao.
Tannet Services for China Corporate Formation
Investment planning
Location search and selection
Company registration (WFOE, FICE, JV and RO)
Special license applications
Human resources management (HR)
Intellectual Property (IP) protection (trademark/patent/copyright)
Financial and business environment advisory
Regulatory compliance
Government relations building
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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