Current: Home > Company Formation > Register company & open bank account at USD2500

Register company & open bank account at USD2500

Would you like to start your business in China? There are four revised Foreign investment laws by Chinese State Congress standing committee which were effective on Oct. 1, 2016, these revised laws let foreigner start up business much easier. Technically the foreigner can start up business with 1 CNY 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 10 Chinese company name to check the availability at AIC (Administration of industry and Commerce).

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

4.        Registered capital, the law has no requirement for registered capital for MOST businesses,in theory the registered capital can be 1 CNY, but suggest the minimum is100,000 CNY, then it looks good 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 seniorexecutives.

        7.       Company registered address.


Package A cost is USD 2500 which includes:

1.      Company name application

2.      Certificate of Approval or Record

3.      Business license

4.      Government fee

      5.     Company stamp, invoice stamp,legal representative stamp, financial stamp

6.      Assist in opening RMB bank account and Capital bank account  (bank fee is not included, at most around CNY1000)



Package B cost is USD 3000 which includes:

1.      Company name application

2.      Certificate of Approval or Record

3.      Business license

4.      Government fee

5.      Company stamp, invoice stamp, legal representative stamp, financial stamp


6.      Assist in opening bank account (bank fee is not included, at most around CNY1000)

7.      Assist in tax bureau registration and initializing Fapiao purchase from tax bureau (VAT Fapiao device costs CNY830 which is not included)


Package C cost is USD 5000 which includes:

1.      Company name application

2.      Certificate of Approval or Record

3.      Business license

4.      Government fee

5.      Company stamp, invoice stamp, legal representative stamp, financial stamp


6.      Assist in opening bank account (bank fee is not included, at most around CNY1000)

      7.      Assist in tax bureau registration and initializing Fapiao purchase from tax bureau (VAT Fapiao device costs CNY830 which is not included)


8.      Import and export certificate

9.      CIQ certificate

10.  Custom certificate

11.  E-custom card

12.  General tax payer certificate (VAT 17% for trading, 6% for consulting,)

13.  VAT refund certificate


Company registered address:

if you do not have a registered address to register a company in Shanghai China. We can assist you to provide virtual register address.

1. Virtual registered address in downtown district Shanghai (Yangpu district) cost: CNY1,000 a year, it is payable in advance annually. (this district has very good tax bureau services)



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%, and if monthly income is less than RMB30,000, then it will be VAT free.

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



You are welcome to contact us at chris@ichinabiz.com

Mobile (wechat, whatsapp): 158 0081 4467


Home   |     About us    |     Newsletter    |     Employment    |     Contact us

Shanghai iChinabiz Limited. 2007-2015 All rights reserved Email: biz@ichinabiz.com  

LiveZilla Live Chat Software