Incorporation of Company Just Needs 20 Workdays
No restrictions on foreign residents to incorporate a private company in this fast-growing market, the whole process of business registration is the same as local citizens.
Our experienced teams assisting you incorporating a business confidently.
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Why SMEsChina Teams
Our confidence depending on our remarkable achievements and rich practical experience come from long times foreign corporation services and succeed in helping our customers increasing their opportunities for advancement and expanding influence of brands in Chinese market since 2001. Our mission is helping each other together to overcome all difficulties and to realize our common dreams.
Our teams will give you better suggestion and businesses plannings if you want incorporating and establishing a limited liability company ( LLC or LLP ) in mainland China. Our services and solutions are assisting large number of corporate clients succeed in doing their businesses here. If you wish to be one of us, you may contact our incorporation consultants immediately.
This is a collection of guidance on the requirements of taxation, legal documents, registered capital, legal representative, supervisor, business scope, costs and the relevant information of reference in the process of incorporating a company in mainland China. If your business idea does need to set up a company in the Chinese market, this is a right place for your studies.
Our Company Incorporation Service Items as Following:
Assist global customers to jump into China market.
Collection, approval, and verify the documentation prepared by customers and our teams.
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.
Other optional service selections, such as: HR, social insurance, housing fund, VISA and resident permit, trademark, etc.
Requirements of Incorporation of Company
Key Structure of WFOE: | Required Documents: | Remarks: |
---|---|---|
Corporate Shareholder | Notarization and authentication documents for the certificate of registration of foreign parent company issued by the Chinese embassy. Learn more: Embassy Notarization Authentication Documents | 2 sets, bilingual |
Individual Shareholder | Notarization and authentication documents for the passport issued by the Chinese embassy. 16 years old at least. Learn more: Embassy Notarization Authentication Documents | 2 sets, bilingual |
Legal Representative – Chinese People | Original ID card, photo, 16 years old at least. | none |
Legal Representative – Nonresident | Notarization and authentication documents for the passport issued by the Chinese embassy. 16 years old at least. Learn more: Embassy Notarization Authentication Documents | 2 sets, bilingual |
Supervisor – Chinese People | Original ID card, photo, 16 years old at least. | none |
Supervisor – Nonresident | Passport copy, photo, 16 years old at least. | none |
Other reference: Incorporation Requirements of Foreign Company
Taxation of Chinese Companies
Whatever your corporate type is, all taxes of the company are consistent with the local resident enterprises, such as VAT, profit tax, personal tax, additional taxes, and so on.
Basic Taxes: | Service Activities: | Trade Activities: | Engineering and Installation: |
---|---|---|---|
VAT – Value Added Tax | 6% | 13% | 9% |
Corporate Income Tax – Profit Tax ( less than 1 million RMB each year ) | 5% ( preferential tax rate ) | 5% ( preferential tax rate ) | 5% ( preferential tax rate ) |
Corporate Income Tax – Profit Tax ( 1 – 3 million RMB each year ) | 10% ( preferential tax rate ) | 10% ( preferential tax rate ) | 10% ( preferential tax rate ) |
Corporate Income Tax – Profit Tax ( more than 3 million RMB each year ) | 25% | 25% | 25% |
Prices and Costs of Setting up a China Business
Service Industry
- Government Costs
- Certificate of Registration
- Business License
- Seals/Stamps
- Virtual Business Registration Address ( 12 months )
- Annual Tax Compliance ( 12 months )
Trade Industry
- Government Costs
- Certificate of Registration/Import and Export Permit
- Business License
- Seals/Stamps
- Virtual Business Registration Address ( 12 months )
- Annual Tax Compliance ( 12 months )
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