Company RegistrationTransform Your Vision into Reality with our Comprehensive Company Registration Solutions!
COMPANY INCORPORATION
Accounting & Taxation
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As a matter of fact, starting your business in China is not as complicated as you may have guessed. There would be no investment requirements nor do you need a physical office beforehand. An FIE (foreign-invested enterprise) can be a WFOE (Wholly Foreign-Owned Enterprise) or a JV (Joint Venture). WFOE is 100% Owned and capitalized by foreign investors. JV is jointly owned and capitalized both by foreign investors and Chinese investors. A WFOE is the most common legal structure for foreign-invested businesses in China. This type of company is suitable for most types of businesses including, but not limited to: trading, manufacturing, assembly consulting, and management services.
Moreover, it is not mandatory for a foreign investor to incorporate a company with a Chinese partner, meaning you could have your company legally settled before actually coming to China in person.
Less Requirement
- Fast Company Registration in 30 days
- No need to visit China
- Registration remotely
- No capital required
- No physical office required
- No hidden cost
Simplified Company Governance
To register a company, a minimum of two individuals is required to govern the company.
- Both individuals have the option to become shareholders
- The first individual will fulfill the role of supervisor
- The second individual will serve as the company’s legal representative, director, and other essential positions
Company Registration Process
Step 1: Preparation
We will assist you in preparing the necessary information and documents. Please provide the following details::
- Notarized and authenticated copy of the shareholder(s)’ company certificate, passport, or other qualifications
- Both Chinese and English company name
- Qualified registered address
- Business scope, including the service and products provided
- Registered capital
- Information about shareholders, governance team, and any other relevant details
Step 2: Online Pre-Registration
We offer comprehensive assistance in filing an online application for company registration based on the information confirmed in Step 1. By utilizing our online application process, the company name and key information will undergo verification and pre-approval by the relevant authority.
Step 3: Business License Application
Once we have obtained the online pre-registration approval, we will diligently prepare the necessary legal documents, including the articles of association, shareholder(s)’ resolution, and incorporation application forms, etc. for your review and signature. Subsequently, upon the submission of the duly signed application documents and notarized copies of shareholder(s)’ passports or company certificates, you can expect to receive your Business License within a two-week timeframe.
Step 4: Post-Registration
Upon successfully obtaining the business license, there are several essential post-registration tasks that need to be completed prior to commencing business operations:
- Company Seal Preparation: We will assist you in the preparation of official company seals, which are crucial for conducting business activities
- USB Token Application from the Certificate Authority: To facilitate your access to various online government systems, we will guide and support you throughout the USB token application process from the Certificate Authority.
- Bank Account Opening: We will facilitate the opening of at least two bank accounts—a basic account and a capital account—to cater to your specific financial needs.
- Foreign Direct Investment Registration: We will assist you in completing the necessary procedures for foreign direct investment registration, ensuring compliance with relevant regulations
- Additional Licenses or Permits: Depending on your industry, there may be specific licenses or permits required. We will identify and guide you through the process of obtaining any additional licenses or permits.
- Initial Setup of Accounting and HR: We will support you in the initial setup of your accounting, tax and human resources systems, ensuring a solid foundation for managing your financial matters effectively
By completing these post-registration actions, you will be well-equipped to commence your business operations smoothly and in accordance with the applicable legal and regulatory requirements.
Frequently Asked Questions
In China, apart from certain industries such as dispatching, finance, and insurance, there is no specific requirement for paid-up capital. Generally, you have the flexibility to inject capital into your company within a 30-year operation period or more. The amount of capital injection primarily depends on your business plan and the actual cash needs for starting and running your business.
In China, each address can only be registered for one company. Sinovest offers affordable and government-authorized registered addresses in different regions of China. In certain areas, we have collaborations with business buildings and development zones that provide addresses specifically for company registration, commonly known as “virtual addresses.” This is often a part of the local government’s incentive policies to attract investments. If there are any financial subsidies associated with this address, we can assist you in applying for them.
The Legal Representative, who acts as the official representative of the company, must also hold the position of Executive Director, Chairman of the Board of Directors, or General Manager. Additionally, a minimum of three Directors is required for the Executive Director or the Board of Directors. Furthermore, there should be a minimum of three Supervisors for the Supervisor or the Board of Supervisors, and they are not permitted to hold any other positions within the company. All of the mentioned roles can be filled by either Chinese or foreign individuals.
China has foreign exchange controls in place. However, it is generally possible to make payments overseas for services and goods, as long as the transactions are legitimate and supported by necessary documentation such as contracts, invoices, and import records.
Once taxes have been paid, company dividends can be distributed to investors.