Incorporating a Company in China

How Zolvit Helps You to Register a China Company Online?

• 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:

  • Payroll /s Bookkeeping
  • tax guidance
  • Tax reduction strategies
  • Audits
  • the yearly financial statements' justification

• 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:

  • The company name
  • The list of controlling partners
  • The managerial structure.
  • The owner of the property's legal address, which should also include contact information like a phone number and email address.
  • Registered capital and total investment
  • Copy of the directors' passports should be included with the structure.
  • Articles of Association
  • You need to demonstrate the registered capital can finance the operations

• 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.