Eternity Law International — Ready-made company in China

Ready-made company in China

Published:
October 12, 2020

READY-MADE COMPANY WITH A BANK ACCOUNT IN CHINA

READY-BASED COMPANY WITH A BANK ACCOUNT IN CHINA

What is included:

  • Ready-made company in China;
  • bank account for the company.

China is a large-scale market with huge production potential. As a result, it attracts non-resident entrepreneurs, since here they can realize all their aspirations.

Despite this, the country remains closed and strict in terms of financial legislation. The bureaucratic apparatus and the huge number of nuances that arise during administrative procedures burdens any market operations.

To register a company in China, you will need a lot of knowledge and practical experience in solving various kinds of problems. Nevertheless, this procedure is feasible, and as a result, a registered company in this country can become a source of considerable profit.

The activities of companies of Chinese businessmen and foreigners are regulated by acts of civil law, laws of the PRC for companies with foreign capital, as well as provisions on the registration of business.

When registering a business, you need to know all of them thoroughly, and it is also important to remember that the laws in China are very strict.

In China, a very complex system of rules and responsibilities of businessmen to government. Therefore, beginning foreign businessmen will need the help of experts with experience in solving various issues.

What is the difference between a branch of a foreign company and a company?

If you are planning a diverse work and a long-term income perspective in China, then creating a branch of a company located abroad in China is not suitable for you.

This method does not allow you to independently withdraw funds, and the activities of such an enterprise are limited to areas of market research and advertising. However, for some firms, Chinese authorities made exceptions, but these are isolated cases.

The best option for production and business activities are full-fledged and separate companies, which can be created in this way:

  • the union of local citizens and foreign persons in the creation of a joint or contractual firm;
  • involvement of foreign capital (and the founders of the company will be foreign individuals);
  • joint contributions of shares of foreign and Chinese investors.

The company with the lowest risk will be the one that is completely founded at the expense of external capital. With this form of doing business, foreign investors have many rights and opportunities to change the direction of the company.

WHICH BUSINESS FORM IS POSSIBLE WHEN OPENING A COMPANY IN CHINA?

Foreign founders in the PRC can only open a public or closed joint-stock company. AO’s work is complicated and takes place in more severe conditions, therefore, investment in the second form of the company will help to simplify the business.

WHAT DOES THE COMPANY REGISTRATION PROVIDE?

Before starting a business, you must select a company name and reserve it with the administration of trade and industry. After verification, the ministry issues a certificate of permission for the emergence of a new organization.

In addition, in the process of registering a company, it is necessary to go through the following stages:

  • submission of a package of documents and certificates to the registration authority;
  • payment of state duty;
  • approval of documents in state security bodies;
  • verification by a special department of the press after its verification;
  • getting a number in the quality control body;
  • registration in the structures of regulation of foreign exchange transactions;
  • issuance of a payment card and a license for cash exchange;
  • issuance by the department of a license;
  • registration with labor and social security departments.

Each of these stages requires obtaining permits, visiting various authorities and legalizing documents, therefore it is very difficult to pass this bullet without experience. In this case, the support of professionals to legitimize business in China is very necessary.

HOW TO OPERATIVELY CREATE A COMPANY IN CHINA?

For success when the company goes through all stages of registration and the beginning of legal activity, you need to contact our experts. They are still at the preparatory stage will help to understand all the nuances of doing business in China.

Eternity Law International specialists will provide company registration services in many parts of the world. We have experienced and qualified lawyers who can advise and help with the registration of a company in China.

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