After your confirmation with all relevant information such as the registered address, company name, business scope, registered capital and industry sectors with the consultants of SMEsChina enterprises investment consulting team, the actual registration Steps would be started, which is mainly divided into the following 15 Steps. There are different requirements for different industry sectors in the actual registration operations, therefore, please consult with the business consultants of SMEsChina team in detail in early-Step consultation, so that you can provide particular documents of company establishment application based on the different actual schemes.

Step 1: Enterprise name approval, names both in Chinese and in English ( Format: Shanghai + Name + Industry + Limited, e.g. Shanghai SMEsChina Enterprises Investment Management Co., Ltd. ). Or SMEsChina Enterprises Investment Management ( Shanghai ) Limited. learn more here: Naming Rules And Requirements Of Chinese Company

Step 2: Approval from the Commerce Commission, to acquire an approved certificate for foreign invested enterprises and approved from the public government.

Step 3: Pr-approval, such as food circulation, medical equipment, logistics, road transport and alcohol wholesale, etc. that need special procedure of approval, to acquire files of qualification approval for special industries.

Step 4: Business registration, obtain business license ( original and duplicate ) issued by industrial and commercial bureau, and the representative office adds chief representative certificate and general representative certificate. learn more: How to Obtain a Business Incorporation Certificate

Step 5: Application of company stamps.

Step 6: Foreign exchange registration ( purpose: later foreign debt registration, bank loan, receipts and disbursements of international payments ).

Step 7: Bank account opening ( foreign currency settlement account, capital verification account, RMB basic account, tax payment account ).

Step 8: Registration of consignee and consignor of the Customs, inspection and quarantine registration ( suitable for import and export enterprises, and it is suggested not to apply for the electronic port system until actual customs declaration business is generated ).

The following Steps enter into the taxation Steps:

Step 9: Verification of tax category, basic setting for accounting books.

Step 10: Qualification application for general taxpayer ( suitable for trading company, while the service industry shall skip this Step ).

Step 11: Acquire the general taxpayer qualification, implement the Step for purchase, installation and training for anti-counterfeiting tax control billing system. Obtain post certificate for tax control operator.

Step 12: Application and training for accounting electronic declaration system ( it is suggested to consult the Financial Department of our team ).

Step 13: Assign tax officer to carry out training for taxation system.

Step 14: Verification of tax category, and the tax bureau checks the office space.

Step 15: Invoice application, and enter the operation Step.

The above 15 Steps are main instructions for business registration in China. As different industries and different operation models have different requirements, and thus, these 15 Steps are only for reference. If you need further consultation, please contact our business consultants, you could obtain a details proposal and we offer customized based on your needs, and these early consultations are all free.

Do not worry about monthly bookkeeping and accounting.

After the establishment of the new company, the tax authorities stipulate enterprises apply for the tax registration within 10 working days, if enterprises do not apply for tax registration in the effective time that will be fined. Report tax returns each month even if no income and expense.

Why use our accounting services

  • 1. Help enterprises saving costs and enjoy senior accounting consultancy services.
  • 2. All monthly and quarterly, annual tax returns are timely and accurate.
  • 3. Provide a variety of finance and tax advisory guidance for free.
  • 4. Featured services for different Steps of enterprise growth.

How doing accounting for your China company

  • 1. Collection and compilation of invoices for incomes and expenses before the 25th of each last month. And going to tax department to submit the documents and certification of invoices.
  • 2. The first week of the current month we help clients preparing and editing financial statements, and use bookkeeping and accounting software to calculate the tax payable.
  • 3. Before the 10th of current month, we send statements of assets and liabilities and profit statements to clients and confirm the taxes.
  • 4. Submitting all accounting forms and files to local official tax office.

We offering qualified and rich experience in bookkeeping and accounting services, one to one and timely follow-up, all information of company taxes are safe and reliable.

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.

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