_Incoporating a corporation in China
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China company registration
Starting a business in China will require you to register your corporation in order for them to approve of you as a foreign business entity. Our corporation had a productive experience in registering in China. We strictly followed the proper guidelines to become successful with the registration process. We did the whole process for nearly six months and eventually, our efforts created good results. Our business in China is now blooming.
China company registration
Are you also planning to put up a business in China as a Wholly Foreign Owned Entity (WFOE)? This article will share the basics about the process of registration of a business in China. The following steps will help you put up your own business in China.
First thing's first. It is important that you know and understand the content of China's Foreign Investment Industrial Guidance Catalogue. This will serve as a guideline to know which category of industries your company will fall under: Encouraged, Restricted, or Prohibited. If your business belongs to the "Encouraged" category, then expect to get easily approved.
The government of China will make it sure that your company is legal and genuine so they will need something to trace you. Hence, you have to provide the necessary documents that will prove that you are a validly existing business in your home country as well as the evidence that you have adequate capital for your proposed business in China. The requirements for this step include articles of Incorporation, national and local company license, bank letter showing the status of the company's account, and the description of your business activities as a foreign investor to China. All of these documents should be in Chinese. Hence, you could need to hire a Chinese translator.
After completing the necessary documents, the next step is to assign a company name by obtaining an application for company name from the Beijing Administration of Industry and Commerce (AIC). Take note that your proposed company name should be in Chinese. All the shareholders of the company should sign in the application form. If the application is done by directly going to AIC, the application is approved or rejected on the same day. However, if the application is done through email, the approval process might take up to 15 days.
The following additional documents will be required by the Beijing AIC for the release of your company's certificate of registration: articles of association that detail the business's management, certification of company name approval, a report of feasibility study, a lease contract, a list of necessary salaries and benefits for your needed personnel.
Your proposed WFOE will then be reviewed for approval for another 15 working days. If you are confident with your documents, then there's a big chance of getting approved. The AIC of China will trace and check your documents and eventually decides to approve or reject your company registration. Once your business is approved for a certificate of registration, you can then proceed to process the remaining essential documents such as business seal approval, Chinese bank account, as well as state and local taxation.
If you at last achieve the approval process, your company will then be regarded as a legal foreign business which they welcome wholeheartedly. Remember that the more complicated your proposed WFOE, the longer will be the process of approval. This will range from two to six months. Your corporation should understand that the whole process will cost a lot of money, time, and effort and adequate knowledge is essential for successful registration of your business.
China company registration
Starting a business in China will require you to register your corporation in order for them to approve of you as a foreign business entity. Our corporation had a productive experience in registering in China. We strictly followed the proper guidelines to become successful with the registration process. We did the whole process for nearly six months and eventually, our efforts created good results. Our business in China is now blooming.
China company registration
Are you also planning to put up a business in China as a Wholly Foreign Owned Entity (WFOE)? This article will share the basics about the process of registration of a business in China. The following steps will help you put up your own business in China.
First thing's first. It is important that you know and understand the content of China's Foreign Investment Industrial Guidance Catalogue. This will serve as a guideline to know which category of industries your company will fall under: Encouraged, Restricted, or Prohibited. If your business belongs to the "Encouraged" category, then expect to get easily approved.
The government of China will make it sure that your company is legal and genuine so they will need something to trace you. Hence, you have to provide the necessary documents that will prove that you are a validly existing business in your home country as well as the evidence that you have adequate capital for your proposed business in China. The requirements for this step include articles of Incorporation, national and local company license, bank letter showing the status of the company's account, and the description of your business activities as a foreign investor to China. All of these documents should be in Chinese. Hence, you could need to hire a Chinese translator.
After completing the necessary documents, the next step is to assign a company name by obtaining an application for company name from the Beijing Administration of Industry and Commerce (AIC). Take note that your proposed company name should be in Chinese. All the shareholders of the company should sign in the application form. If the application is done by directly going to AIC, the application is approved or rejected on the same day. However, if the application is done through email, the approval process might take up to 15 days.
The following additional documents will be required by the Beijing AIC for the release of your company's certificate of registration: articles of association that detail the business's management, certification of company name approval, a report of feasibility study, a lease contract, a list of necessary salaries and benefits for your needed personnel.
Your proposed WFOE will then be reviewed for approval for another 15 working days. If you are confident with your documents, then there's a big chance of getting approved. The AIC of China will trace and check your documents and eventually decides to approve or reject your company registration. Once your business is approved for a certificate of registration, you can then proceed to process the remaining essential documents such as business seal approval, Chinese bank account, as well as state and local taxation.
If you at last achieve the approval process, your company will then be regarded as a legal foreign business which they welcome wholeheartedly. Remember that the more complicated your proposed WFOE, the longer will be the process of approval. This will range from two to six months. Your corporation should understand that the whole process will cost a lot of money, time, and effort and adequate knowledge is essential for successful registration of your business.