In the mainland China, you have to decide your industrial type and licenses needed to obtain the business certificates for opening a local limited company, if you are searching the relevant information, prices, and costs from website, you may find that each company formation agent offers different service packages and agent items, most agents can offer the quotation without out hidden fees, however, some small agents will not list all charging standards, in particular, some agents even do not have the permission licensed by local government offices. Therefore, most of foreign companies are confused at the beginning of starting a business.
Yesterday, our chief registrar of companies, Mr Mark, has posted a guidance <how to set up a subsidiary company in china> on our platform, the page says that a foreign company wants to register its subsidiary in China, just needs 4,950 – 6,450 USD, today, for better understanding the pricing structure and annual maintaining costs, SMEsChina will list a pricing table on this page for your studies.
Here, you can compare the pricing items between service industry and trade industry, also this page lists some additional value-added service items for your studies.
Opening Cost of First Year for Service and Trade Businesses
Pricing Items and Description:
Yearly registered address (12 months)
Register fee (documents / government cost)
Local bank account opening
Import and export permits
Annual tax return, first year, 12 months
Annual Audit, Government Inspection
Total (first year, each 12 months):
Our prices include all service packages for foreign companies registration:
– Collection, approval, and verify the documentation prepared by customers. – Offer a legal virtual office address to obtain the approval of registration. – Name search and submit application, get the approval of the corporate name. – Documents and forms preparation, and signature of the corporate shareholder(s). – Apply for the certificate of registration of foreign owned enterprise approved by the local Municipal Commission of Commerce. – Obtainment of the business registration license from the local licensing authority, know as: 5-in-1 business license. – Issuing of the corporate stamps, known as corporate seals. – Documents collection and submitting for tax registration, and VAT taxpayer application. – Basic and capital accounts opening and capital account declaration. – Government cost, translate fee, and drafting of the legal files and forms. – Import and export license registration and permits application. – Yearly administrative and maintaining services, such as license renew. – Annual bookkeeping and tax declaration services for income tax report, annual audit, government inspection, tax final settlement.
Ready to Start and Launch a Business in China? So Are We.
SMEsChina teams focus on the growth of enterprise and providing a variety of business solutions in the area of strategy consultancy, WFOE setting up services, business registration, company formation, incorporation of domestic invested enterprise, finance and audit services, HR and payroll, corporate bank account, resident permit, immigration and visa, trademarks and legal compliance.
China is attracting more and more foreign companies, SMEs,entrepreneurs, startups, brands to invest and establish their business entities through reforming various laws and regulations actively. More than 47 million companies and small medium enterprises have registered their business entities in mainland China and over 3.5 million new enterprises are incorporated during each financial year with comfortable process of registering companies. Here SMEsChina is sharing our knowledge and business insights to global enterprises and companies for better learning the regulations and rules of China corporations running and corporate maintaining. All reference and guidance collected by SMEsChina Teams in accordance with the latest implemented laws of the People’s Republic of China on Wholly Foreign-Owned Enterprises ( WFOE ), Joint Venture ( JV ) and Limited Liability Company ( LLC ), Limited Liability Partnership ( LLP ), and other relevant and officially promulgated regulations and rules on the corporation formation and registration of industrial and commercial enterprises and related IP laws, immigration and resident policies ( VISA ), tax laws.
SMEsChina teams happy to work around you and look after your daily China operations confidently and smoothly. Check if setting up a private company is right for you, if you have everything to set up a business in Mainland China, you can get in touch with our teams to get more useful information and online guidance.