Incorporating a Company in China
Thinking of incorporating your own company in China? Let us help you. Zolvit is here for an easy & fast process!
Zolvit offers PSARA licenses to sole proprietors, partnerships, one-person companies, and private limited companies.
Incorporating companies in China is our specialty.
Our team helps you file and register your business.
Our responsibility is post-registration compliance.
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Vakilsearch has been our legal service provider for quite a long time! Our experience with them has been great, especially the speed and proficiency with which they deliver their services. We recommend them!
Satya Vasireddy & Sravani Vasireddy
Founders of Lovely Chocos
Vakilsearch is exactly what it does. Legal is simple. We went to Vakilsearch to register our Trademark during the lockdown and everything was done online with ease. We never even had to step out of the house. It was truly a digital experience.
CEO & Developer of Golghar.com
Let’s start the process once you are ready with the below document.Zolvit uses the best-in-industry security protocols to ensure your documents are always secure.
In order to obtain your Commercial license, you will need:
Registration and licensing application
Letter of endorsement or sponsorship approval (non-GCC nationals)
Copy of passport or ID card
Purchasing a local partner (Sponsor)
Make a MOA for the DED.
Certificate of incorporation
Operating Agreement [a document that outlines the financial and functional decisions of the business]
Detailed business plan
We Register a New Company Every 9 Minutes
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Did you know?
Chinese per capita income is $10,099 USD (nominal; 2019 estimated) and $19,504 USD (PPP; 2019 est.)
China continues to be a collectivist culture and a hierarchical society despite economic reforms and Western influences. 50% of Chinese customers want and look for the most expensive and superior products. Currently, the premium sectors are growing faster than the mass and value segments. However, it appears to be a more accurate assessment for coastal cities than for provincial small towns and villages.
Is it a good idea to launch a business in China?
What is the corporate culture in China?
Can you fully own a business in China?
How long does it take in China to register a business?
An umbrella company is the ideal option to launch a business in China. A legal organisation known as an umbrella company functions similarly to your Chinese host. It looks after your staff members or business operations (often your sales, marketing, import-export, etc.) in China. A few of the finest ways to launch a company in China is to incorporate an umbrella company because it is so cost-effective.
Positive Governmental Actions
Abundance of Skilled Workers
Encouraging Atmosphere for Entrepreneurship
Step 1: Select a Registration Assistance Organisation
Even while the Chinese government has worked hard to encourage enterprises, we must point out that forming a corporation is not an easy procedure. It might be a daunting procedure to interpret the company laws and create the necessary documentation. But this shouldn't make you less determined to grow in China. Utilising an agency is the finest and safest choice
Professionals that have assisted other investors with China company registration run the agencies. They are aware of the ideal procedures to follow and the errors to avoid. So, engage with the top China company registration company if you want to finish the registration quickly, professionally, and with pleasure at each stage.
The knowledgeable firm will be useful to you in order to help you with the accompanying in addition to assisting you with company incorporation in China:
Step2: Registration Liability Check
The company is registered as a limited liability company or a company limited by shares once registration is finished. However, if the relevant authority believes that the necessary conditions have not been met, the registration application may be refused. If your application has been turned down, you can quickly get in touch with the relevant authorities to find out what's happening with it.
Step 3: Choose Your Preferred Company Scope.
The Chinese government has classified its industries and placed an emphasis on those with the potential to boost economic growth. You should look at the Catalogue for the Guidance of Foreign Investment Industries to learn more about the categories. It is updated on a regular basis, and the government supports investors who are putting an emphasis on innovation. If you work in manufacturing, for instance, the government will provide your business a lot of support. Well, this is the cause of the unprecedented explosion in Chinese manufacturing that has occurred in recent years.
Step 4: Prepare the Necessary Paperwork
You must prepare a number of documents and submit them for approval in order to be granted permission to begin operating your business. The following are the necessary documents:
Step 5: Apply for a Business Licence and An Approval Certificate
You must work with two organisations to obtain an approval certificate and an operating licence. First, the State Administration of Industry and Commerce (SAIC) and the Ministry of Commerce (MOFCOM) (SAIC). These organisations will examine your application and let you know if the certificate has been accepted or rejected after reviewing it. Depending on the industry you are working in, you may require an extra license after receiving a company certificate. Manufacturing, food, beverage, construction, and telecommunications companies in China need additional permits.
Step 6: Become a member of the Public Security Bureau (PSB) & Establish a Bank Account
This registration enables you to obtain business credentials. Company chops are comparable to the value of a signature in the west in China. Any contract cannot be validated if you do not have a chop. Your company needs a bank account in order to get going. The business can receive payments and make bill payments thanks to a Chinese bank account. The bank account will be useful while filing returns as well.
Step 7: Register with the Tax Bureau
All businesses in China, including those with 100% foreign ownership, must abide by the tax laws. As a result, you should register the company's fundamental financial and operational information first, including CFO verification and category, among others. While doing this, you should be aware that there are many tax obligations. Don’t worry we will assist you on everything.
In China, there are four different types of business entities: