company registration in china
TRANSCRIPT
Company Registration in China
A presentation brought to you by our law firm in China
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Business Opportunities in China
China offers vast opportunities for investments in all business fields, from manufacturing to services.
The country has had a good economic growth and is implementing a number of economic and business changes to facilitate foreign investments.
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Foreign Investments in China
Foreign investors are welcomed to China and they can set up a type of company that allows them to have full ownership.
Special foreign investment zones, like the Shanghai Free Trade Zone or the Guangzhou Free Trade Zone, are rapidly expanding and attracting foreign investors.
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Types of Companies in China
A number of types of companies are available for incorporation in China. The wholly-foreign owned enterprise (WFOE) is the most advantageous for foreign investors.
This type of enterprise is a limited liability company that can be fully owned by a foreign investor or a group of foreign investors.
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Steps for Company Registration in China
The first step after deciding to invest in China is to choose the suitable type of company.
The investor must obtain an approval for the company name which must be unique. Entrepreneurs can choose to protect their trademarks in China.
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Choosing the Company Name in China
The name of the company can be registered in Chinese or both in Chinese and in English. Names in Chinese will typically include a brief description of what the company does and will also include the initials of the company type.
Companies that want to apply for a chosen name must meet certain criteria.
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The Minimum Share Capital in China
The minimum share capital is an important part of the start-up costs in China and needs to be deposited in a bank account opened for the new company.
The recommended minimum share capital for a WFOE varies according to the chosen business field.
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Documents Needed for Company Registration in China
In order to register a company in China, the investor needs to prepare and submit a number of documents:
the Articles of Association, identification documents for the shareholders
and appointed individuals, purchase agreement or lease agreement for an
office space in China.
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General Requirements for Chinese Companies
Business owners in China need to observe the ongoing requirements for taxation and hiring employees.
Social security is payable by the employer for local and/or foreign employees. Annual audit and accounting reports are required for companies.
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Professional Assistance for Company Registration in China
Foreign entrepreneurs who need assistance for opening a company in China can request the services provided by our law firm in China.
Our lawyers can help you draw up and submit the necessary documents and facilitate the discussion with Chinese authorities or business partners.
Thank you for your attention!
For more information please contact us at: (+44)203-287 0408 (for international clients)[email protected] www.lawyerschina.net
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