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First-rate and All-round Company Registration Service in China
Set-up a Foreign Invested company in 30 Working Days
The advantage of 4 typical Foreign Invested Corporations
Documents required to set up a company in China
If the Legal representative, Supervisor, and shareholders are foreign citizens, you need to provide the Photocopy of the Passport or the Identification Certificates. Meanwhile, all the passports should be notarized and authenticated by the Chinese Embassy or consulate. But if you are in China, we just need to submit the original Passport to the SAMR.
If the shareholder is the legal entity, the Certificate of Registration/Business Certificates for the company investor should be notarized and authenticated by the Chinese Embassy or consulate in your country. Similarly, Hong Kong, Macau and Taiwan companies should be notarized by the local registration office or authentication department only.
According to Chinese Company law, to set up a company need to provide the office Address Lease Agreement at least one year to the Government. That means you need to provide the Office Lease Contract and the Property Certificate (Copy and stamped with the property owner's chop in China). Certainly, if you don't have the company office in China, we can help you to find the company registration address in the Development Zone.
What do you get after Company Registration
Obtaining a Business License from Government
Provide the approved business activity in the Business License
Company's articles of association (Basic Version in Chinese)
Company stamp, Financial stamp, Invoice (Fapiao) seal and Legal Representative stamp
Extra service package after Company Registration
RMB Company Bank Account / Company Capital Account / Foreign Exchange Account
Golden Tax Bureau Disk (OfficialTax USB disk to issue invoices and the tax)/ Fapiao printing machine / Blank fapiao notes
Work visa is required for entrepreneurs who set up a company in China. After applying for a work visa, you must obtain a work permit and residence permit.
Pension, Medical Insurance, Unemployment Insurance, Maternity Insurance, Work Injury Insurance and Housing Provident Fund for Chinese employees.
Assisting in applying for Special Licenses or Certificates
Trading companies in China need the process below: 1. Put on record Foreign Trade unit 2. Registration Form for Inspection and Quarantine. 3. Certificate of customs declaration Unit. 4. Foreign Exchange Administration Unit. 5. Electronic port Card.
For the Food trading companies, outlets, supermarkets, or restaurants, and the enterprises engaged in the manufacture and packaging of food, the Food License is necessary. That means you need to provide a certificate to operate the food business.
If the company has an official website or e-commerce platform in China, it needs to apply for the ICP license. Generally, non-profit websites need to apply for the standard ICP license, and e-commerce websites need to apply for the commercial ICP.
If the company business activities belong to the Mid-risk medical devices or High-risk medical devices). GWBMA can help you to apply for the Medical device License in National Medical Product Administration (NMPA ).
For the Alcohol business in China, whatever wholesale or retail, the WFOE needs to apply for the Alcohol (Wholesale/Retail) License with the Food License. That means the company needs to provide a real office or shop agreement with a property certificate, etc.
If the company business refers to the onboarding, payroll, and benefits to employees for the other corporations, it needs to apply for the HR license. Basically, it needs the bank deposit of RMB 1,000,000 of registered Capital, 5 employees with Talent certificates, etc.
If the company activity belongs to the tourism business, it needs to apply for the Travel agency license. For international tourism, it needs a bank deposit of RMB 1,500,000 of registered Capital. And for domestic tourism, it needs bank deposit of RMB 300,000 of registered Capital.
NVOCOO means Non-Vessel Operating Common Carrier. The NOVCC validity period is 5 years for the Company. In order for a foreign NVOCC to issue its own House Bill of Lading in Mainland China. GWBMA can help you to put a record in the Ministry of Transport (MOT) in China.
Protecting Your Business from Legal Risks
A feasibility study report is typically required by the business decision-makers in relation to enterprise establishment in China, GWBMA works closely with the client and acts as a sparring partner in defining the China business strategy. We offer to compile the feasibility study report including Affordable Quotation, Business Scope, Organizational structure, Location, Timeline process, Profit repatriation, Tax, Work Permit, etc.
Based on our strong network of Marketing, GWBMA has wealth of experience with many successful projects including Laduree Pop-up Store, Chili's Cafe & Bar, etc. GWBMA has qualified experts in the following areas: China Market Research, Social Media Management Package, E-commerce Solution, Website Design & China Hosting, etc. A comprehensive and efficient market report can help you to expand the market into China.
Learn more about Company Registration in China
The Company registration cost depends on the company type, the business scale, and the business industries. Therefore, if you want to set up a company in China, just contact us directly. We’ll analyze your company situation and then provide the most cost-saving proposal.
When setting up a company in China, it is important that you need to find an office and the lease contract with the landload who provide the copy of the real estate license, and other related materials. It is necessary for company registration. Certainly, if you need help, we can help you to find the best office or provide the registration address in the Development Zone.
The Joint venture (JV) is a business entity set up by one or more citizens, corporations, or economic organizations cooperating with Chinese citizens, corporations, or economic organizations. That means the shareholders are from two or more nationalities. According to the Company Laws in China, the JV company is characterized by shared ownership, shared returns and risk, and shared governance. The point is, the contribution of capitals shall be converted to a certain proportion, and the proportion of the foreign investors shall be no less than 25%.
After obtaining a business license, you need to apply for public security records, official seals, corporate seals, and financial seals. Moreover, the corporation in China needs to apply for tax registration and social security account.
If a limited liability company has a board of directors, its members are five to thirteen people. Besides, the limited liability company with a small number of shareholders or a relatively small company may have an executive director without a board of directors.
According to the Company law, a WFOE or JV company in China is required to appoint at least one natural person as the supervisor, and this person can be of any nationality and reside in any place. The supervisor cannot be appointed as the legal representative, board members or other senior manager. However, any shareholder or employee can be nominated to serve as a supervisor. In fact, the Supervisor of a WFOE/JV has no direct authority or responsibility, and usually serves a “symbolic function” within the company.
A limited liability company with a small number of shareholders or a small scale may have one to two supervisors and no supervisory board. However, the limited liability company with a relatively large scale of operations has a supervisory committee with not less than three members, and the proportion of staff representatives shall not be less than one third. Supervisors shouldn’t be the legal representative, board members or other senior manager.
Setting up a company in China requires a legal representative. The legal representative can be one Chinese or a foreigner. Besides that, the legal representative may be one of the shareholders, or it may be one of the persons from the appointment system (the position is the chairman, executive director, or manager). But the legal representative should not be the supervisor.
No, we can act as an authorized agent on your behalf to register your company and get the Business License even if you are not in China. However, the legal Representative needs to be in China in order to open the company’s bank account.
A branch company refers to a company that set up a business entity in a different registered area. It should be noted that the branch company does not have a legal personality, and cannot independently assume civil liabilities. Therefore, the parent company is responsible for civil liabilities.
In China, the official name of a company consists of four parts: administrative region, designation name, industry characteristics, and organizational form. Firstly, the administrative region name includes different regions or cities where you register the company. Secondly, the designation name includes two or more Chinese characters. Thirdly, the industrial characteristic includes the name of the products, business, or industries such as trade, culture, technology, advertising, etc. Fourthly, the organizational form includes the limited company, liability limited company, RO, etc.
According to Company Law, registered capital is the fund all the shareholders contribute or promise to contribute to the company as they apply with local State Administration for Market Regulation (SAMR) for incorporation, and the amount of the registered capital will be listed in the company’s Business License. Generally, it is the Subscription Capital system, there is no time limit for fund injection now. It means that the shareholders can transfer the Registered Capital into Company’s Capital Account in 20-30 years.
The Chinese company law stipulates that an enterprise may not operate business beyond the business scope of the business license, otherwise it will face a fine. Therefore, you must first determine the main operations to ensure that the company can legally operate these industries. If you are unsure whether to do the added business scope, you can go to the State Administration for Market Regulation (SAMR) to ask the questions. That’s why the Chinese business scope is very important for your company.
Wholly Foreign Owned Enterprise (WFOE or WOFE) refers to foreign enterprises, corporations, economic organizations, or individuals that are 100% owned and capitalized in China by foreign investors. Thus, the WFOE doesn’t include the Joint venture enterprises, Representative Offices, or the branches of foreign companies, etc. Most notably, unlike the other investment vehicles in China, the unique feature of a WFOE is that the involvement of a mainland Chinese investor is not required. That’s why the WFOE is the most popular corporation for the Foreign Invested Enterprises (FIE).
Representative Office (RO) allows a foreign company to hire staff in China through their own legal entity. That means the RO is for the sole purpose of company representation. Starting up a RO in China is the fastest way to get an income at a lesser cost. However, not only the RO cannot part-take in any activities that cause them to gain returns, but also it cannot sign up any legal documents or charge a sales service fee from any customers.
According to Article 8 of China’s “Implementation Measures for the Registration and Administration of Enterprise Names”, enterprise names should only use Chinese Simplified characters that conform to national standards, and must not use Chinese pinyin letters or Arabic numerals. Meanwhile, if the name of an enterprise needs to be translated into a foreign language for use, it shall be translated and used by the enterprise itself in accordance with the principle of text translation, and there is no need to report to the Industrial and Commercial Administration Departments for approval. In this way, there are often inconsistencies and frequent changes. As a consequence, Chinese Simplified is the only language in the official record of enterprise in the People of the Republic of China.
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The experience is wonderful! The service is very good!! Cindy is a very professional manager!! Thank you!!
This is my WFOE created with GWBMA. I highly trust their process and professional specialists.
I worked with Mr.Mao over the phone and he was able to answer my questions and resolve my issues within ten minutes. Great experience, fast and easy to WFOE set up.
My overall experience using the item is that, it gave me clear understanding about the company registration in China. This firm is extemelly professional and very high quality in providing information concerning business licensing in China. I highly recommend their services
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Tel: +86 (021) 5291 9276
E-mail: service@gwbma.com
Location: Level 2, Huadian Building No.839, Guozhan Rd., Pudong Dist., Shanghai, China.