|Reservation of a company name|
Verification and confirmation of registration documents
accordingly to local regulations
License required for business activity issued
by Regional Department of Commerce and Industry
|Seal of the company|
Personal ID number of the company issued by
the Bureau of Quality
and Technical Supervision
|License issued by National & Local Tax Bereau|
|Certificate issued by State Statistical Bureau|
|Permission to open currency account and yuan account|
Permission, a special card and a license to exchange currencies
in the State Administration
of Foreign Exchange Controls
|Financial registration Certificate issued by the Financial Bureau|
|Total cost||16500 USD|
|Cost of annual service (paid from the second year)||6200 USD|
|Accounting services||on request|
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China is one of the most promising areas for utilizing business efforts. To gain access to its opportunities, many business persons start their activities in this country. The registration of a company in China is more and more demanding. Prifinance provides the whole range of support services for businessmen to make you ready for local legal peculiarities. So, if you are going to establish your business presence in this jurisdiction, it is possible to accomplish the process in one of these forms.
Arranging the business presence in this well-standing jurisdiction is possible through these options the local legislation suggests to investors:
Prifinance experts can provide you comprehensive assistance during company registration in China that covers these preliminary stages to pass:
Legislation of the country related to foreign businessmen is strict enough, and there is a high risk to face insurmountable challenges without due knowledge and skills. For instance, the process of registering a company in China is long in time but it is still straightforward if all its peculiarities are observed. A newly founded enterprise should also get a business license to start its operation.
Recently, in 2021, China has simplified the registration process a bit. Now, the pre-approval of a name is not required to proceed with the registration. This amendment has decreased the duration of the overall registration process by 5-7 days. This surely makes the registration process a bit easier. But, it is still associated with lots of legal, including bureaucratic, formalities that may be unclear for foreign investors.
The major legal acts in the area of doing business are the Company Law, the Law on Securities, and the Law on Wholly Foreign-Owned Enterprises. The principal business regulatory bodies in China are the Ministry of Commerce, the China Securities Regulatory Commission, and the State Taxation Administration of China.
Company registration in China may be promising in view of these potential benefits the jurisdiction offers:
Company formation in China is associated with these tax highlights for running a business there:
It is easy to set up a company in China with Prifinance – we will support you in making new enterprises and help with their further maintenance. If necessary, we will also take care of the registration of employment documents too. We offer company incorporation and bank account opening services in China and worldwide.