555 55 55 55
555 55 55 55
CHINA
100% ONLINE INCORPORATION
Benefits of Incorporating a Company in China
- China is one of the oldest civilizations in the world, with 5,000 years of history. Over the centuries, power in China passed from one dynasty to another; moreover, sometimes China became part of a foreign state. The territory of China was regularly invaded; however, most of the invaders were civilized over time and assimilated into the Chinese ethnicity, and the territories became Chinese.
- Ability to carry out import and export activities, perform customs procedures, and execute import and export documents in the PRC on behalf of your Chinese company.
- Enormous number of potential partners and clients.
- Legally conduct independent business activities in the PRC.
- Possibility to reclaim the "input" VAT when exporting goods.
- Simplicity of administrative processes and audits, lack of strict supervision.
- The activities of companies are supervised by Chinese administrative authorities.
- Developed transportation, financial, and production infrastructures in the PRC.
- Financial, economic, and political stability in China and other countries.
Recommended Business Activities in China
- Marketing services
- Legal consulting
- Network Security Business
- Financial services
- Manufacturing
- Shipping & Brokerage
- International trade
- E-commerce
- Importing and Exporting of products
Legislation in China
- Location: Asia Oriental.
- Total area: 9 596 960 km2
- Population: 1 449 670 556 (2020)
- Capital: Pekin
- Currency: Renminbi (CNY)
- Dialing code: +86
- Official language: Chino
- Ethnic groups: 92% are of Chinese ethnicity, the remaining 8% are 55 ethnic groups among which the most populous are the Zhuang, Hui, Uighur, Yi, Miao, Tibetans, Mongols, etc. Literacy rate 96.4% (2019)
- Credit rating: A+
- Type of government: Socialist state
- Executive branch: Head of Government: Prime Minister; Government: State Council, formed by the National People's Assembly.
- Legislative branch: National People's Congress (unicameral body, 2,987 members), elected for 5 years.
- Judicial branch: Supreme Court, local people's courts, special people's courts.
Tax System:
- Personal tax: 3-45%
- Corporate tax: 25%.
- Corporate tax (in detail): The normal corporate tax rate is 25%. There are preferential tax rates for companies in certain sectors (particularly high technology), regions/zones, and small businesses. Capital gains tax 25% Capital gains tax. Details Normal rate
- VAT: 13% VAT.
- Details: The standard VAT rate is 13%. For some products and services, rates of 9% and 6% apply. The tax rate for small VAT taxpayers is 3%.
- Withholding tax: taxes 10% (dividends), 10% (interest), 10% (royalties)
- Other taxes: Social contributions, Property taxes
- Change control: Yes
- Government rate: Yes
- Stamp duty: Yes
Types of Company in China:
- Type of Wholly Foreign Owned Enterprise (WFOE):
Consulting WFOE
Trading WFOE
Manufacturing WFOE
The creation of a company in China:
- Choose a unique name (https://companysearches.cn/)
- Securing a Registered Address
- Preparing the application documents
- Approval
- Obtaining your Company’ Business License
- Incorporated.
- Opening of corporate bank account
- Post-registration formalities
- The company must establish a registered office and a postal address.
What is included in our register company:
- Free company name check
- Preparation of documents for registration
- Payment of registration fees and charges
- Certificate of incorporation of the company
- Articles of Association
- Resolution appointing a director
- Register of Directors
- Register of shareholders
- Minutes of the first meeting of directors
- Virtual Office (optional, 1 year contract)
- Insurance Commercial (optional)
- Trademark (optional)
- Virtual receptionist (optional)
- Telephone Local (optional)
- Accounting service (optional, referred to a commercial partner)
PACKAGE CONTENT
WHOLLY FOREING OWNED ENTERPRISE (WFOE)
- Preparation of documents for registration
- Payment of registration fees and charges
- Certificate of incorporation of the company
- Articles of Association
- Resolution appointing a director
- Register of Directors
- Register of shareholders
- Minutes of the first meeting of directors
- Free company name check
- 1 Bank Account Setup
Optional Services:
- Virtual Office (1 year contract)
- Insurance Commercial
- Trademark
- Virtual receptionist
- Telephone Local
- Web domain (com.ch)
- Accounting service (referred to a commercial partner)
Requirements to register a company in China:
- Choice of the company name.
- Director(s) - Name, address, passport number, nationality, and current occupation (At least one required and can be corporate).
- Shareholder(s).
- Name, address, passport number, nationality, and current occupation, and the number of shares to be issued to each shareholder.
- A brief description of the Company's planned activities and the countries of operation.
- The source of the funds that will be invested in the company, for example, derived from the savings of the salary earned working as xxxxx for the company yyyy for zz years.
- A photo ID (passport or driver's license), if it is a company, then the company update and the original documents.
Additional Services in China
Elevate your business with our virtual receptionist services in China. Enjoy seamless communication and exceptional customer support tailored to your needs.
Looking for a Resident Director and Secretary in China? Our professional services ensure your business meets legal requirements and operates smoothly.
Secure your brand identity in China with our trademark services. We offer expert advice on registration, protection, and enforcement for your business.
Explore top business bank account options in China. Experience seamless banking, flexible terms, and professional guidance to support your business growth.
Experience the advantages of a virtual office in China. Gain a professional image, flexible services, and a strategic location to grow your business
Protect your business assets with our specialized commercial insurance in China. Benefit from personalized service and competitive pricing for peace of mind.
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