Selection of Chinese Company Name for Registration in Shanghai

  • 6 Major Industrial Selection and Chinese Company Name

There are generally 6 major options for foreign company registration in the selection of industry types:

  • 1. Name as service limited companies
    Service companies include corporate marketing planning, corporate image planning, business investment and trade information consulting, and so on.
  • 2. Name as import and export limited companies
    Import and export companies are mainly self-employed and represent the in-and-out of various types of goods and technologies, excluding goods and technologies that the state banned companies from operating, importing or exporting.
  • 3. Name as electronics companies
    Electronics companies include the computer field, computer technology consulting services, network sci-tech, network technology, communication engineering and so on.
  • 4. Name as trade limited companies
    Trade companies include daily necessities, needle textiles, clothing, shoes and hats, apparel, accessories, crafts, gifts, jade, and so on.
  • 5. Name as Food companies
    Food companies include grain and oil products, quick-frozen small packaged foods, dairy products, north and south goods, sweets and pastries, beverages, daily-use spices, etc.
  • 6. Name as production companies
    Production companies include lighting products, food processing, jewelry production and processing, air conditioning production, cosmetics production and so on.

Minimal difference between the minimum registered capital of foreign and domestic companies.

Some people say that the minimum registered capital for foreign company is different from that for domestic company, while others say they are the same. Then is it really the same or not?

According to Article 218 of the Company Law, both foreign and domestic capital registrations are applicable to the Company Law, and if applicable regulations of foreign capitals do otherwise, their provisions apply. The relevant laws and regulations regarding foreign investment do not have special regulations on registered capital.

Therefore, the minimum registered capital for foreign and domestic capital registration is the same, that is, the minimum registered capital of a one-person company is 100,000 yuan, and the minimum registered capital for partnerships of two persons or more is 30,000 yuan.

However, it is worth noting that, depending on the nature of the company, the minimum required foreign capital for registration is also very different.

For example, the minimum registered capital for consulting service companies is 100,000 yuan; for trade and commerce ( commerce trade, economy trade, and goods trade): retail 300,000 yuan/ wholesale 500,000 yuan; for an industry trade company (must be a processing and production type) is 500,000 yuan; for enterprise development companies/industrial companies (must cover five industries) is 5 million yuan; for a technology management company is 10 million yuan; for an investment management company is 30 million yuan; for a share limited company (which must have more than 5 shareholders ) is 50 million yuan.

The above is the minimum registered capital requirement for foreign companies to register various types of businesses. You can register the companies that you need most based on your capability and needs.

Think first before you register a company. Think about what you want exactly. After all, it is not a trivial matter to manage a company. A detailed plan will create a better environment for your company to grow.

Latest renewal, 2019, the new foreign investment laws have been implemented and the registered capital for WFOE, JV has been reduced to 20,000 USD or Euro.

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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.

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