China company registration

Would you like to start your business in the biggest city of China? After Foreign investment laws have been revised by Chinese State Congress standing committee which were effective on Oct. 1, 2016. Foreigner could start up business at 1 CNY registered capital with passport only.

What documents or information are required to register a company in China?
1. Passport which has entered into China before. Or foreign company business license which is authenticated by Chinese embassy in your country.

2. Provide a probable Chinese company name. It is better to figure out 5-10 Chinese company names in order to check the availability at AIC (Administration of industry and Commerce).

3. Check your business scope whether is in forbidden or restricted list in Catalog of Industries for Guiding Foreign Investment (2017 Revision). Most of business has not restriction.

4. Registered capital, the law has no requirement regarding registered capital for MOST businesses, in theory the registered capital can be 1 CNY, but suggest the minimum registered capital is CNY 100,000, as it looks better on your business license.

5. Who will be the legal representative, the legal representative shall be managing director, board chairman or general manager.

6. Company supervisor, it cannot be border members, manager, financial manager and other senior executives.

7. Company registration address.

Package A cost is USD 1500 which includes:
1. Company name application
2. Certificate of Approval or Record
3. Standard article of association
4. Business license
5. FREE company registration address (this registration address is located in urban district of Shanghai, which has very good tax bureau services)
6. Company stamp, invoice stamp, legal representative stamp, financial stamp

Package B cost is USD 2500 which includes:
1. Company name application
2. Certificate of Approval or Record
3. Standard article of association
4. Business license
5. FREE company registration address (this registration address is located in urban district of Shanghai, which has very good tax bureau services)
6. Company stamp, invoice stamp, legal representative stamp, financial stamp
7. Assist in opening CNY bank account and Capital bank account. (bank fee is not included, maximum USD200)

Package C cost is USD 3000 which includes:
1. Company name application
2. Certificate of Approval or Record
3. Standard article of association
4. Business license
5. FREE company registration address (this registration address is located in urban district of Shanghai, which has very good tax bureau services)
6. Company stamp, invoice stamp, legal representative stamp, financial stamp
7. Assist in opening bank account (bank fee is not included, at most around CNY1000)
8. Assist in tax bureau registration and initializing Fapiao purchase from tax bureau (VAT Fapiao device costs CNY830 which is not included)

Package D cost is USD 5000 which includes:
1. Company name application
2. Certificate of Approval or Record
3. Standard article of association
4. Business license
5. FREE company registration address (this registration address is located in urban district of Shanghai, which has very good tax bureau services)
6. Company stamp, invoice stamp, legal representative stamp, financial stamp
7. Assist in opening bank account (bank fee is not included, at most around CNY1000)
8. Assist in tax bureau registration and initializing Fapiao purchase from tax bureau (VAT Fapiao device costs CNY830 which is not included)
9. Import and export certificate
10. CIQ certificate
11. Custom certificate
12. E-custom card
13. General tax payer certificate (VAT 17% for trading, 6% for consulting,)
14. VAT refund certificate

General tax information:
1. Currently If the company is doing consulting or services, suggest to apply for small tax payer, then the VAT rate is 3%. If monthly income is less than RMB 30,000, then it will be VAT free.

2. The general company income tax rate is 25%, currently if the annual profit is less than CNY500,000, the actual company income tax rate is 10%.

The preference company income tax rate, and VAT policy will be changed according to Chinese government policy, regulation or law.

 

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